It used to be easy to get a home loan no matter what you credit score was but that is part of the reason the world is in the crisis it is in. Currently there are almost 2 million homes that have entered foreclosure in the United States. Banks are making it more [...]
The foreclosure outlook was 3% higher than anticipated for the 1st quarter of the year. In the midst of the recession and all the talk about the stimulus package not much seems to be happening. Analysts hoped that the foreclosure market would slow but in fact it got much worse. Because the unemployment rate continues [...]
Your mortgage payment (PITI) will reflect the following costs:
P = Principal. The amount applied to the outstanding balance of the loan.
I = Interest. The amount of the charge for borrowing money.
T = Taxes. 1/12th of the estimated annual real estate taxes on the home.
I = Insurance. 1/12th of the annual homeowner’s [...]
It is almost that time of the year again when the Annual Komen Boise Race for the Cure is to begin. Help support those that have lost too, battled, battling, and are at risk of breast cancer by donating some time and money to the cause. Normal registration is $25 per person, however you can [...]
There are number of different programs available for first-time homebuyers. Many people start the home buying process with one of these programs, or with a community organization. Below is a list of bank partner programs to look at before making your firstreal estate purchase.
Individual Development Account Program
Individual Development Accounts (IDAs) are matched savings [...]
We have been so focused on the residential real estate market this past year or so and come to find out that the commercial real estate market is in crisis as well. It appears a large part of the crisis is due to the credit sector and worsening credit availability.
According to a survey taken by [...]
During the Savings & Loan crisis – and the subsequent real estate crash that devastated much of the USA and was especially severe in Texas – the city of Houston used a quirky and unique economic index. To gauge the severity of the recession – and the real impact upon the local economy – expert [...]
Special loans backed by the Federal Housing Administration (FHA) to encourage the construction and purchase of homes that utilize less energy are available and have several benefits to homeowners. Anyone in the market to buy an energy efficient home – or to make those kinds of home improvements at the time of purchase – can [...]
What should I do if I can pay off my monthly household expenses, but am having trouble paying off my loans?
Pay off the loan with the highest interest rate first to save on interest payments.
Talk to your creditor. Your creditor may be willing to reduce your payments or change the terms to accommodate your situation. [...]
FEDERAL, STATE PARTNERS ANNOUNCE MULTI-AGENCY CRACKDOWN TARGETING FORECLOSURE RESCUE SCAMS, LOAN MODIFICATION FRAUD
WASHINGTON – As homeowners and communities throughout the country continue to face devastating consequences from the deep contraction in the economy and the housing market, the Obama Administration today announced a new coordinated effort across federal and state government and the private sector [...]
Thank you for visiting the Boise, Idaho Blog. My name is Jason and I have lived in Boise for most of my life. This blog came to be simply because I like to write and put my opinion on the web. For the most part I say only good things but every now and then I may have something negative to report.
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