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The 3 Amigos Strike Again…Another Fee in Your FHA, Fannie Mae, and Freddie Mac Mortgage!

Published on December 17, 2011 By Riccardo

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 [...]

A Word About These Low Mortgage Rates…

Published on November 16, 2011 By Riccardo

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 [...]

What’s With The Revamped HARP Announcement?

Published on October 27, 2011 By Riccardo

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 [...]

Foreclosed Upon Or In The Process? You Gotta Read This!

Published on October 25, 2011 By Riccardo

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 [...]

The 4% Mortgage Bait and Switch!

Published on October 19, 2011 By Riccardo

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 [...]

Loan Application Denied?…Try Try Again!

Published on October 13, 2011 By Riccardo

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 [...]

Mortgage Applications Are Up in Boise Idaho!

Published on September 29, 2011 By Riccardo

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 [...]

Freddie Mac Hits 50 Year Lows!

Published on August 25, 2011 By Riccardo

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 [...]

Mortgages in Idaho – The Differences Between a Bank and a Broker

Published on August 2, 2010 By Riccardo

When looking for a mortgage loan here in Idaho, you can go to a bank or a broker.  What are the differences?  There are several.  I am a broker, so yes, perhaps my views are prejudiced. Tweet This Post

MORTGAGE RATES AT 50 YEAR LOW!

Published on July 8, 2010 By Riccardo

Image via Wikipedia Mortgage rates dropped again this week driving them down to their lowest in 50 years!  Will it be enough to restart the housing market?  Not according the Associated Press. Freddie Mac stated the average rate for 30-year-fixed loans dropped to 4.57 percent.  In its July 1 Primary Mortgage Market Survey, the Associated Press reported that although mortgage application [...]