Boise Idaho Home Buyer asks “Do I Need To Sell My Home Before I Can Qualify For A New Mortgage On Another Property?”
April 1, 2010 by Michelle Guth · Leave a Comment
Although every situation is unique, it is not uncommon for Boise Idaho home buyers to qualify for a mortgage on a new home while still living in their primary residence. Perhaps you are outgrowing your current house, or have been forced to relocate due to a job transfer? Regardless of the motivation for keeping one [...]
What Do Idaho Appraisers Look For When Determining A Property’s Value?
March 29, 2010 by Michelle Guth · Leave a Comment
Most people are surprised to learn what Idaho appraisers actually look at when determining the value of a real estate property. A common misconception Boise Idaho homeowners generally have is that the value of their home is determined after the appraiser has completed their physical property inspection. However, the appraiser actually already has a good [...]
What Does My Idaho Title Insurance Protect Me From?
March 28, 2010 by Michelle Guth · Leave a Comment
By including Idaho title insurance when purchasing property, your title insurer takes on accountability for legal expenses to defend your property title, should it ever be challenged. Many different occurrences can come into play to warrant the need for title insurance. The title company responsible will then take on the legal expenses to defend the [...]
Should I Refinance my Boise Idaho Home or Get a HELOC For Home Improvements?
March 28, 2010 by Michelle Guth · Leave a Comment
For Boise Idaho homeowners interested in making some property improvements without tapping into their savings or investment accounts, the two main options are to either take out a Home Equity Line of Credit (HELOC), or do a cash-out refinance. According To Wikipedia: A home equity line of credit is a loan in which the lender [...]
Calculating The Net Benefit Of A Refinance Transaction for Your Boise Idaho Mortgage
March 28, 2010 by Michelle Guth · Leave a Comment
Calculating the net benefit of refinancing your boise idaho mortgage can be a challenging task if you do not understand what to calculate. We are going to focus on the net benefits of refinancing from the standpoint of lowering your interest rate. Although there are several reasons to refinance, lowering your mortgage rate to save [...]
Understanding the Difference Between an Appraisal vs Neighborhood Listing Prices
March 28, 2010 by Michelle Guth · Leave a Comment
Why is there such a difference between what my appraised value is and the price similar homes are selling for on my street? It’s a great question, and you don’t have to be a mortgage professional or a real estate agent to understand the answer. The distinction lies in the purpose of the two valuations [...]
How Do Boise Idaho Mortgage Companies Value A Property That Has Not Been Built Yet?
March 28, 2010 by Michelle Guth · Leave a Comment
It’s obviously easier to picture the process of estimating value on an existing Boise Idaho property in a neighborhood that has a history of home sales, but the task of determining the value on new construction projects does pose some challenges. Appraisals on homes that haven’t been built yet generally require the contractor and home [...]
How Are Mortgage Rates Determined?
March 28, 2010 by Michelle Guth · Leave a Comment
Many people believe that interest rates are simply set by lenders, but the reality is that mortgage rates are largely determined by what is known as the Secondary Market. The secondary market is comprised of investors who buy the loans made by banks, brokers, lenders, etc. and then either hold them for their earnings, or [...]
