Home Mortgage

Nov. 5, 2018

The Cost of Renting Vs. Buying

 

Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence.

 

Realtor.com reported that:

 

“Buying remains ...

View More
Feb. 21, 2017

First Comes Love...Then Comes a Mortgage?

According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time home buyer statistics in 2016 at 58% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing ...

View More
Jan. 20, 2017

What Is a Mortgage Rate Lock?

When you lock your doors at night, you think, “Phew, I’m safe!” Locks mean safety. Locks mean security. And it turns out the same is true in the world of home loans, where you may encounter the term “mortgage rate lock.” So what exactly does this refer to?

Mortgage ...

View More
Dec. 26, 2016

Time Is Running Out On Low Mortgage Rates

The Fed expects the economy to hit its target level of inflation next year. As a result, it also expects to raise short-term rates three times, by a total of 75 basis points. In reality, rate moves could be less—but they also could be more.  This means mortgage interest rates like we’ve seen for ...

View More
Oct. 21, 2016

Five Home Buying Mistakes That Can Impact Your Retirement

Five Home Buying Mistakes That Can Impact Your Retirement

April 2016

 

#1)         Buying a House Outside Your Price Range
A home is the biggest expense for most people, so if you purchase something over your budget, you will become “house poor.”  In order to make your ...

View More
Oct. 21, 2016

The Gap Is Widening Between Home Prices and Appraisal Values

The Gap Is Widening Between Home Prices and Appraisal Values

March 2016

In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. One major challenge in such a market is the bank appraisal.  If prices are surging, it is difficult ...

View More
Nov. 18, 2012

Buying a Home in Boise Could be More Difficult by 2015

Buying a home in BoiseProjected inflation in home prices and interest rates could make buying a home in Boise more difficult, even as early as 2015.  From a financial standpoint, now is the time to look at buying a home in Boise. But, for many, purchasing now just isn't a possibility  So, what ...

View More
July 25, 2012

Interest rates drop to 3.53%! Is it time to consider buying a home in Boise?

Low interest rates make Boise homes more affordableLower interest rates makes buying a home in Boise more affordable!

Buying a home in Boise is now more affordable then ever. According to THIS ARTICLE by Scott Reckard in The Los Angeles Times, the average interest rate reported by Freddie Mac on a 30-year mortgage dropped to 3.53 ...

View More
July 19, 2012

Why mortgage preapproval should be the first step when buying a home in Southeast Boise

Getting preapproved for a home mortgage should be the FIRST STEP when buying a home in Southeast Boise.

All too often I meet home buyers who are eager to start the process of buying a home in Southeast Boise by running out and viewing homes before they have taken the ...

View More