Boise Real Estate Info and More
As a homeowner you will be required to pay property taxes and insurance. In some instances the lender may allow you to pay taxes and insurance separate from you mortgage payment. If the lending institution requires you to pay taxes and insurance along with the mortgage payment, the lender will open, what is called, an [...]
Fri, February 27 2009 » Real Estate » No Comments
Although housing starts and home prices have fallen substantially, the inventory of unsold home remains very high. The correction in the housing market will probably continue for most of this year (2009).
The volume of home construction started to fall early in 2006 when the number of vacant units started to increase and real prices of [...]
Tue, February 24 2009 » News, Real Estate » 1 Comment
Before you sign any forms at closing it is important to ask for clarification on any dollar amount, term, or condition you don’t understand. Also inquire about if any of the loan terms you originally agreed upon have been changed and if so why. Don’t sign a loan agreement if the terms differ [...]
Mon, February 23 2009 » Real Estate » No Comments
Ask you to provide false information on the loan application.
Pressures you to apply for more money than you need.
Ask you to accept monthly payments you know you can’t, or would have trouble making.
Doesn’t provide you with the required loan disclosures or tells you not to read them.
Promises one set of terms in the beginning and [...]
Sat, February 21 2009 » Real Estate » No Comments
Often times people think that they can’t negotiate the terms of the deal. It doesn’t hurt to give it a shot and see if you can get a lower APR or remove a fee you don’t want to pay. Give it a try, you may end up saving yourself some money.
Even though lenders [...]
Wed, February 18 2009 » Real Estate » No Comments
When shopping for a home loan you need to do just that, “shop”. Contact several lending institutions – including banks, credit unions, mortgage companies, etc and find out from each lender the best loan you qualify for. Start by comparing the following items:
The annual percentage rate (APR)
Points and fees
The terms of the loan
Required [...]
Tue, February 17 2009 » Real Estate » No Comments
As the recession continues, home sales are down, unemployment is up, and the silver lining has yet to reveal itself. Across the nation foreclosures are on the rise. According to RealtyTrac there are 1,708,581 foreclosed homes currently on the market and that number is expected to almost double by the end of 2009. [...]
Mon, February 16 2009 » Real Estate » 2 Comments
I am extremely anxious for the seasons to change. Spring where are you? It seems this stretch of weather has just kept me inside except for that one beautiful weekend. Was able to make it down to the Boise River and watch the ducks for a bit…
Sun, February 15 2009 » Outdoors » 1 Comment
If you find yourself needing a loan and are considering refinancing, a second mortgage, or a home equity loan you should consider your options carefully. You can still lose your home if you are unable to make your monthly payments along with equity you have built up over the years. If you can’t afford [...]
Sat, February 14 2009 » Real Estate » 1 Comment
Homeownership can be very rewarding and provides a great way to create wealth, build a nest egg for retirement, and pass to your family. Of course in order to buy a home you need to start by being smart with your money. Here are some key steps to homeownership:
Set a goal to save a certain [...]
Wed, February 11 2009 » Real Estate » 3 Comments
