Boise Idaho Blog

Yes, believe it or not, there are advantages to renting. Some people simply don’t want the hassle of owning a Boise home. Here are some advantages of renting:

You don’t need to worry about property maintenance. If the water heater goes out it is the landlord’s responsibility.
You only have to stay for a specified period of [...]

Obviously there is more to Boise than Boise real estate. One of my favorite things is when the Boise Parks and Rec release their new activity guide. Well the summer 2009 activity guide is out and packed full of all sorts of programs for toddlers to adults. Now is a great time to be heading [...]

The best thing you can do to successfully settle your home loan before the lock-in expires is to understand the lender’s requirements and making sure you provide all necessary information in a timely manner. However, if you find yourself in a position where the lock-in period has expired and the loan has not been [...]

Increase the likelihood of getting the terms you wanted by learning as much as you can about the lender’s requirements and what they are promising before you apply for a loan. Here are a few simple questions to ask lenders while shopping for a home loan:
Lock-Ins and Fees

Does the lender offer a lock-in of [...]

Typically the lender is the one that determines how fast the loan process will take but there are some things you can do to help speed up the process. For starters try to find out what documentation the lender requires and gather it before filling out the application. Most of which you can [...]

Now what do I do?
If you are unable to settle your home loan within the lock-in period you could very likely lose the interest rate and points that you have locked in. There are a number of reasons this could happen. One of the most likely is delay in processes either [...]

The most common time frames for locking in an interest rate or number of points is 30 to 60 days however you may see ones for 7 days or even 120 depending on the lender and the situation. In order to get the terms offered by the lender must settle on the home loan [...]

Mortgage terms options vary from lender to lender that can affect the interest rate and points that you will be charged. Below are a few examples:
Locked-in Interest Rate – Floating Points. This option is when the lender lets you lock-in the interest rate, while allowing the points to rise or fall due to [...]

Simply put, “yes” lenders will likely charge you a fee for locking in the interest rate and number of points for your new Boise home loan. Practices vary, some lenders may charge up front fees while others charge a fee at settlement. Also you may not get your fee refunded if you withdraw [...]

Depending on the lender they may use preprinted forms that detail the terms of the lock-in agreement while other may make verbal confirmation over the phone at the time of application. Verbal agreements can be extremely difficult to prove if a dispute occurs. It is always a good idea to get any agreement [...]