My First Boise Idaho Home loan

Thinking about getting into the blogging/social networking world?  Try to imagine where you are going to be in three or five years. Most who jump in now won’t be blogging in the future.   The reason is most bloggers start writing about their industry and soon run out of material and energy.

Try writing about what you have a life-long passion for. For instance, I met with a realtor about this subject and she immediately discussed her passion of “bass fishing.”  She talked about various competitions and fundraisers that she and her husband have been involved in for many years.  You could literally feel the “passion” in her voice when she expounded about all of their exciting stories. Bass fisherman, I am sure, have some”whoppers” that they would love to share.

This is exactly what I am talking about.  I suggested to her that her Wordpress blog could be set up to talk about not only real estate, but her family’s involvement with the bass fishing industry.  What a great topic!  Some people are absolutely completely crazy about this sport.  That is all they talk about.  Not to mention, most bass fishing enthusiasts buy and sell homes. In addition, the bass industry is connected to many other industries that are equally exciting to blog about.  These communities are huge.

Once a person taps into his or her “passion”, the amount of material is endless.  Bloggers need to find their own identity and unique style of writing.  There is no better way than writing about your particular passion. 

Now put your pen to paper and get going!

Guild Mortgage – Boise Home loans – Craig Ballhagen                208-713-3309           

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis

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It is pretty exciting news for first time home buyers when your loan officer calls to say, YOU ARE APPROVED!  That is great news!  Hold on, not so fast!  Maybe not?

  If a home buyer is applying for a conventional loan with less than 20% down, private mortgage insurance approval is necessary.     Potential home buyers and Realtors, need to know that just because the lender has issued a loan approval, it doesn’t mean the deal is done.   

PMI companies have really cracked down on guidelines recently.  In the “good old days”, 6 months ago, we could obtain PMI approval, in house, instantly.  Now a COMPLETE loan package must be submitted to a PMI underwriter.  Until PMI issues an approval, home buyers and all parties involved are at their mercy.  Appraisals can be cut, incomes can be reduced (especially self employed) for example.  Credit scores HAVE TO be above 700 and total debt to income ratio can’t go over 41%-period.  

Not trying to ruin your day, but this stuff can’t be sugar coated.  Industry professionals have to, once again, reset expectations with home buyers.   PMI companies are now “calling the shots” because they are taking the risk.  

A couple of years ago, the 80/20 loan was the hot item and PMI companies we begging for business.  That has now all changed.

I am not trying to bash conventional loans. Just raise awareness.  There are many great home buyer programs available.   Lenders just need to make a double effort to make sure that home buyers COMPLETELY understand the PMI approval process.  It is as critical as the actual  home loan itself

Guild Mortgage – Boise Home loans – Craig Ballhagen             208-713-3309           

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis

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Whether you are moving across Boise or relocating to another city.  If you are a first time home buyer, buying your dream home, vacation or investment property.  Buying or selling a home, I am here to provide a service which is to educate you.  I have been helping people make the best decision in regards to their Idaho real estate needs.  No matter if it is properly pricing your home for a financially rewarding sale, staging furniture or finding that perfect location in a great school district.  I have children of my own and know how important it is to find the right neighborhood with the amenities you desire.  From a historical home in the north end of Boise to a brand new home in Meridian, I can assist you with all your real estate needs. 

I also have experience in negotiating short sale and REO properties.  I am short sale certified.  If you need assistance selling your home I have the experience and resources necessary to make it a stress free experience.  I can help guide you in the direction best for your family; loan modification, assistance programs and professional counseling.

I am also on the John L Scott relocation team.  Only a handful of realtors qualify to assist buyers and sellers moving in or out of Boise. 

 Dawn Mitchell, SFR   -  John L Scott  -   208-514-8800

www.Boiserealestatedawnmitchell.com     www.johnlscottboise.com\dawn_mitchell

Dawn’s Link to Facebook

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Guild Mortgage – Boise Home loans – Craig Ballhagen                     208-713-3309        

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis

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Just when you think you have heard it all, someone comes out with a video that should have been done a few years ago.  The way these young fellas wear their pants, you have to admit, looks ridiculous.  Wow!

Guild Mortgage – Boise Home loans – Craig Ballhagen                      208-713-3309        

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis

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Guild Mortgage of Boise Idaho announces “Home Path”.   Another great Boise home loan financing program. 

Home Path targets Fannie Mae (FNMA) REO properties.   It allows Idaho home buyers a great opportunity to purchase the home of their dreams.   A few of the high lights are

• Only 3% down payment which can be gifted or granted
• NO Mortgage Insurance is required-this part is great!  Mortgage insurance usually runs from $50-$200 per month.
• NO Appraisal-the purchase price will be determined by the real estate contract that is negotiated between the buyer and the FNMA representative.
• Only 10% down for an investment properties with 1 to 2 units. Again no MI!
• 30 year fixed financing
• Credit Score needs to be above 660

Here is the link to check to see if a property qualifies.  www.HomePath.com

Guild Mortgage – Boise Home loans – Craig Ballhagen                    208-713-3309        

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis

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