Mortgage

Auction HUD Extends Unemployed Mortgage Relief Program
Around $200,000 Coeur d’Alene, Idaho Market News: Reduced Kootenai County FHA Loan limits? FHA Loan limits for Kootenai County may be reduced from $280,250 to $271,050 after September 30th. NOW is the time for you to lock in your loan at the higher values and at historic low interest rates! Let us help you take advantage of historic low interest rates and obtain the home of your dreams. […]
Bank-Owned GOOD NEWS! Pending Home Sales UP 49% “The price of new homes is fixin’ to RISE… In other words, Beat the Crowd!” Hello, Friends! When was the last time you heard THAT??? Today, we thought we’d pass along this VERY GOOD NEWS to give your spirits a better-than-average lift.  Reading graphs like this is such a pleasure… Pending Home Sales are UP 49% […]
Buyers What do you think: Require 20% Down? Friends, We pass this along to you in an effort to keep you informed.  This article was forwarded to us this week from various sources, especially the Realtor Action Center. We’d love to hear from you.  Comments are open for your opinion on the proposed 20% Down Payment requirement. Proposed QRM Regulations Could Stifle Housing […]
Buyers Should I Buy or just Rent? A Cost/Benefit Analysis You might be surprised to find that a careful Cost/Benefit Analysis still favors BUYING, despite increasing interest rates.  Here’s one scenario: What Does Opportunity Cost Mean? Here is a great explanation we found at www.investopedia.com: 1. The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the […]
Acreage What is the True Cost of the Interest Rate Increase? Dear Friends, It’s probably no surprise that rising interest rates have a significant impact on your pocket book. But how much of an impact?  The True Cost may shock you! Consider this: The average stay in a home is 5 to 7 years according to the National Association of Realtors®. Knowing you like to stay informed, […]
Build Your Custom Home 4 big money mistakes of first-time homebuyers First-time homebuyers almost always make a few mistakes when buying their home. Perhaps they pay too much, choose the wrong type of mortgage or neglect to budget for needed home improvements. Working with a trustworthy, experienced lender can help prevent such mistakes. But consumers also need to take responsibility for their budgets and choices. “Before […]
Home Ownership Mortgage Interest Deduction: WE SUPPORT IT! Mortgage Interest Deduction?  OF COURSE! We’re with Lawrence Yun, of the National Association of Realtors: It’s a common misperception that the mortgage interest deduction benefits primarily the wealthy, as argued in the Washington Post’s January 1 editorial, “Trim the Excessive Tax Subsidy for Real Estate.” In fact, the MID actually benefits primarily middle- and lower […]
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