Dec
17
All of you who are thinking of buying…red alert! In what I’m sure is infinite wisdom, the Senate has just passed and sent to the House, an increase in mortgage fees that are backed by our beloved 3 Amigos… FHA, Fannie Mae, and Freddie Mac. In what they have described as an “incentive to go to the private-sector mortgage market” fees totaling approximately $15 per $200K will be loaded on the back end of each loan. It seems that what this really is is a way to pay for the “payroll tax cut” that has been in the news so prevalently as of late. I leave it to you to decide if this is a good idea for those of us here in Boise Idaho or just another bumbling kick of the can “down the road”! For more info on this or any need you may have that is Real Estate related…or NOT, please CONTACT ME and I’ll be happy to help!
Read the full news story HERE.
