Blog Posts - Home Mortgage Boise

Home Loan

Housing & Mortgage Markets

Mortgage & Money Tips

Mortgage Rates

Mortgage Discount Points: A Smart Investment or a Financial Pitfall?

In the complex landscape of home financing, terms like “mortgage discount points” often sound like financial jargon. However, understanding this concept can potentially save you thousands of dollars over the life of your loan. Let’s dive into the world of mortgage discount points and unravel the mystery behind this financial strategy. What Are Mortgage Discount […]

Home Loan

Unlocking the Mortgage Maze: Pre-Approved vs. Pre-Qualified

Securing a mortgage can be a labyrinthine process, and navigating the terminologies is like deciphering a secret code. Two terms often thrown around are “pre-approved” and “pre-qualified,” and while they sound similar, they carry distinct meanings that can significantly impact your home-buying journey. Pre-Qualified: The First Step Imagine dipping your toes into the vast ocean […]

Self-Employed

Navigating Homeownership: A Self-Employed Entrepreneur’s Guide to Buying a Home

For many self-employed individuals, the dream of homeownership can seem like a daunting challenge. Traditional mortgage processes may not align seamlessly with the fluctuating income and unique financial structures of entrepreneurs. However, with strategic planning and a proactive approach, purchasing a home when you are self-employed is not only possible but can be a rewarding […]

Home Loan

Decoding DTI in Mortgages: A Crucial Metric for Homebuyers

When diving into the world of mortgages, one term that often surfaces is DTI, or Debt-to-Income ratio. While it might sound like financial jargon, understanding DTI is crucial for homebuyers looking to secure a mortgage. In essence, DTI is a powerful tool that lenders use to assess your financial health and determine your eligibility for […]

Uncategorized

Ready to Roar: Signs You’re a First-Time Home Buyer Ready to Take the Plunge

The journey to homeownership is an exhilarating ride, but how do you know when it’s time to fasten your seatbelt and dive into the real estate market? As a first-time home buyer, recognizing the signs that you’re ready to make the leap can transform the process from daunting to exciting. Here are the telltale indicators […]

Uncategorized

Turning the Tables: Using Rental Income to Offset Home Buying Costs

Are you dreaming of homeownership but feeling the weight of upfront costs? The good news is that you can flip the script and turn your potential home into an income-generating asset. By leveraging rental income, you can not only offset the costs of buying a home but also pave the way for a financially savvy […]

Uncategorized

A Guide to Purchasing a Multi-Family Home

Are you ready to take the plunge into real estate investment and secure your financial future? Purchasing a multi-family home might be the game-changer you’ve been looking for. Beyond the traditional single-family dwelling, multi-family properties offer unique advantages that can turn your investment dreams into reality. Let’s dive into the exciting world of multi-family home […]

Uncategorized

Unlocking Homeownership: Your Guide to Getting a Mortgage on a Manufactured Home

The dream of homeownership is not limited to traditional houses. For those considering the purchase of a manufactured home, navigating the mortgage process may seem like uncharted territory. In this blog post, we’ll explore the key considerations and steps involved in securing a mortgage for a manufactured home, empowering you to turn that dream into […]

Uncategorized

Demystifying Loan Officers: Your Guide to Understanding Their Role in the Mortgage Process

Embarking on the exciting journey to homeownership involves encountering various professionals, one of whom is the loan officer. In this post, we’ll explore the vital role loan officers play in the mortgage process, providing clarity on how they can guide you through the complexities of securing a home loan. Loan Officers: Your Point of Contact […]

Uncategorized

Are you waiting to buy a house?

Are you waiting to buy a house?? Right now is the best time to buy. We are noticing a considerable amount of confusion in the market… home buyers and sellers are asking a lot of questions… questions like: Are we seeing another housing bubble? Will there be a major price correction in the housing market? […]

Uncategorized

Featured on Redfin: “How to Avoid a Delayed Closing: 7 Common Roadblocks to Be Aware of”

Once your offer has been accepted, the excitement kicks in, and the countdown to closing begins. But before you can get your keys, you’ll want to be cautious of any roadblocks or setbacks that could cause a delayed closing and postpone your move-in date. From appraisal issues to home inspection roadblocks, there’s a lot that can go […]

Housing & Mortgage Markets

Borrowing for second homes to become more expensive

Credit: American Public Media’s Marketplace with Amy Scott & Kai Ryssdal For those in the market for a second home, costs are going up even more, thanks to higher fees coming in a few months. Demand for second homes has gone through the roof in the last couple of years, as newly remote workers seek more space […]

Housing & Mortgage Markets

Do You Know Your Home’s Value?

The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline, “National Home Prices Now 50% Above March 2011 Bottom” The real estate market has come a long way since 2011, which is great news for homeowners! Nearly […]

No… You Do Not Need 20% Down to Buy NOW!

Community

Housing Analysis

Mortgage & Money Tips

Personal Finance

Statistics

No… You Do Not Need 20% Down to Buy NOW!

The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The results of the survey show that non-homeowners cite the main reason for not currently owning a home, as not being able to […]

Housing & Mortgage Markets

Singles Falling for Their Dream Home

Some Highlights: According to NAR’s Profile of Home Buyers & Sellers, the share of recent home buyers who were single at the time of purchase held steady at 24% last year. The percentage of first-time buyers who were single females rose to 17% (up from 16%), as the share of single men dropped from 11% […]

Housing & Mortgage Markets

Personal Finance

The High Cost of NOT Owning a Home

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 as long as America has existed. Zillow recently reported that: “In reality, buying or renting a home is an intensely personal decision, with […]

Housing & Mortgage Markets

Should I Buy a Home This Fall?

Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.0% over the next year. The […]

Housing & Mortgage Markets

3 Questions to Ask Before You Buy

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interests at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Ask yourself the following 3 questions […]

Housing & Mortgage Markets

Over half of Approved Loans Have A FICO® Score Under 750

The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market. One such study by the Wharton School of Business at the University of Pennsylvania revealed that many millennials have not yet considered purchasing homes simply […]

Number of Buyers Putting Down Less Than 10% Hits 7-Year High

Home Tips

Housing & Mortgage Markets

Number of Buyers Putting Down Less Than 10% Hits 7-Year High

According to Black Knight Financial Service’s Mortgage Monitor Report, 1.5 million Americans have purchased a home with down payments under than 10% over the last 12 months. This is great news for buyers as this marks a 7-year high. Many mortgage programs offered by agencies like Freddie Mac and Fannie Mae allow buyers to put down as low as 3% to purchase their dream […]

Home Tips

Housing & Mortgage Markets

The Economy

Where Are Home Prices Headed?

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They […]

Housing & Mortgage Markets

Mortgage Rates

Will the Presidential Election Impact Mortgage Rates?

When the presidential election is over, one thing is fairly certain: there will be some changes to interest rates, affecting stocks, bonds, and mortgage rates. We know something will happen; we’re just not sure which way things are going to go. Historically, rates generally drop after a Democrat is elected, according to Freddie Mac data. […]

Here's the 411 on mortgage insurance and tax deductions.

Home Tips

Mortgage & Money Tips

Taxes

6 Housing Related Tax Deductions You Don’t Want to Miss!

Here’s the 411 on mortgage insurance and tax deductions.

If you’re self-employed, I just wanted to share a quick mortgage tip with you that might help you buy a home even if you’ve had problems in the past.

Community

Housing & Mortgage Markets

Mortgage & Money Tips

Mortgage Guidelines

Self-Employed

Self-Employed Home Buyers Struggle, but Help Is On The Way

If you’re self-employed, I just wanted to share a quick mortgage tip with you that might help you buy a home even if you’ve had problems in the past.

Home sellers are experiencing rapid sales at top dollar according to the National Association of Realtors.

Housing & Mortgage Markets

A Lender’s Perspective: Home Sales are Skyrocketing

Home sellers are experiencing rapid sales at top dollar according to the National Association of Realtors.

Billionaires throughout the history of our nation say owning real estate is key to becoming wealthy.

Housing & Mortgage Markets

Mortgage & Money Tips

Personal Finance

This Advice on Home Ownership Hasn’t Changed in 200 Years

Billionaires throughout the history of our nation say owning real estate is key to becoming wealthy.

Freddie Mac explains that if you are planning to purchase a home, now might be the time due to historically low rates and rising prices.

Housing & Mortgage Markets

Mortgage Rates

The Deal of the Century?

Freddie Mac explains that if you are planning to purchase a home, now might be the time due to historically low rates and rising prices.