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 [...]
While we have a “promise” from the Fed to keep rates down through 2013, most believe that the rates can’t go anywhere but up from here. It may trickle up or bound up but they will go up! If you are contemplating a home purchase and just don’t want to “deal” with it until after [...]
I know how you all feel. Making Home Affordable, Home Affordable Modification Program, the Obama Refi plan, or Relief Refinance…Argh! I deal with this stuff on a daily basis and still find myself chasing my tail with some of these announcements! The two basic eligibility questions you have to answer before investigating any further are [...]
Did you pay questionable fees or penalties, overpay, or experienced misapplied payments? Were you denied loan modification or feel you were wrongly foreclosed upon? According to a report in USA Today, 4.5 million homeowners, current and former, will be eligible to have their cases reviewed and maybe restitution! The Federal Government expects the first of [...]
While I LOVE blogging about good news concerning real estate here in the Boise Valley, I have an obligation to tell it like it is. You all have heard a lot lately about the great rates available…and they are great rates. But if you go into the buying process thinking you are going to get a [...]
Feeling a little down because your mortgage application was denied? Don’t fret. Many applicants succeed on the second or even third attempt. Trying a different broker or lender, waiting several months, and saving a larger down payment are usually the keys to success. The most important task though is take a hard look at the [...]
According to Inman News, a full 50% of all refinance applications, as well as 30% of all purchase applications, are rejected or abandoned. Does this describe your current situation? Here are the top six reasons for your trouble! Income verification Income to debt ratio Credit issues Low appraisals Property condition Application technicalities If you live [...]
It looks like the low interest rates are getting alot of you out there in The Boise Valley off the fence with refinances and new home purchases. The number jumped 9.3% just this week! See the full article from the Mortgage Bankers Association HERE. If you are not sure how to move forward with a [...]
According to HousingWire.com the fixed mortgage rates at Freddie Mac have hit a 50 year low…4.15%! While there is still a lot of pain out here in the market the one silver lining continues to be low interest rates. If you are a buyer, with prices and inventory in positive numbers, you have never been [...]
OK… let’s talk about the FHA’s “Streamline 203K” program. According to the FHA’s website, ” The “Streamline (K)” Limited Repair Program permits homebuyers to finance an additional $35K into their mortgage to improve or upgrade their home before move-in. With this product, homebuyers can quickly and easily tap into cash to pay for property repairs [...]
I have started this site in the hope that I can reach out to those who need my services as a Realtor®. I will blog about real estate in the Boise, Meridian, and Eagle Idaho areas but also would like to blog about the communities in which I specialize. There also will be some posts NOT related to real estate at all...all work, no play and all!
Thanks for Visiting!
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