My First Boise Idaho Home Loan – Boise Mortgage Loans

As of November 17, 2009, the FHA streamline refinance, as we know it today, will be gone, probably for many years.  The FHA streamline is the last of the Mohicans (love the movie).  The last truly, no income qualification refinance loans that is left. 

Over the past 18 months, all loan programs that allowed borrowers to qualify with no-income documentation have been discontinued, except for the FHA streamline refinance. 

The current FHA program doesn’t require borrowers to provide any personal documentation except for a copy of their existing “promissory note.”   The guidelines do not ask for any paystubs, w-2′s  or bank statements; however, the  best part is not having to deal with an appraisal.  

After November 17th, all of that changes.  If there are homeowners who have a current FHA loan, they had better get off the fence and take advantage of this rate reduction opportunity.   Who knows when FHA may relax their guidelines again–possibly never.

I am actually surprised that the FHA streamline has hung on as long as it has. 

If a home owners has a rate of 6% or more,  they should definitely contact their local FHA expert and ask for a GFE (good faith estimate).  There is nothing to lose and at least they will know where they stand.

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

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis

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The Boise Social Networking Directory is resource for Boise and Treasure Valley sales people and business owners who are active with Twitter and Facebook.

The Goal  of the directory is to encourge the members to be active in the promoting of the others.  You will help your business with social networking activities.

Categories  The directory is new and many categories are not listed.  If your’s  is not listed, please suggest one.

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Basic Requirements

• Currently reside in the Treasure Valley only
• Currently acitve with Twitter and Facebook
• Follow one another on Twitter and Facebook
• Conduct regular business in the Treasure Valley
• Help promote the directory by sharing the link with your groups on Twitter and Facebook

If you would like to register your business with the directory, please send your information and you will be added.  There is no cost.

Other posts like this one-

• Boise Idaho Let’s Have Some Fun!   local entertainment directory
• Menu of Boise Social Networking Restaurants
• Boise Social Networking Businesses
• Boise Networking  Groups – Events and Calendars 
• Boise Idaho Outdoor Directory

 Please tell your other business friends to join!

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

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis

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Please Submit your information and I will add you to the directory. thank you.

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

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis

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How many times have Moms (and Dads) heard this from their children–day after day?  Mom, what are you making for us?   Parents everywhere work hard to provide their families with three hot squares every day. 

When you have small children, they have no idea the effort and planning that goes into each meal, not only daily, but weekly and monthly!  They are too young to appreciate just how hard Mom really works to master this task. 

How many heads of household know how much the family breakfast costs per plate?  How much is that bowl of oatmeal—twenty-five cents? Fifty cents?  People should be able to calculate the cost of each serving if they pay close attention to their total monthly food budget. If not, here are a couple websites that may be of help- Meals Matter or Mommy Savers.

Having the ability to control the grocery budget and organize a family meal is a virtue that is slowly being lost from one generation to another.  When a family does have total control, it can be the difference between making the next mortgage payment or not. 

A family that has no control probably spends twice as much on food as a family that budgets.

Here is a great site for more meal planning ideas http://www.e-mealz.com/  -thanks Brian for the tip!

A penny saved is a penny earned.

Other posts like this one-

• Is Your Receptionist a “Wee-otch”?
• OOPS! I Just Ate My Mortgage Payment
• Salesperson Rule #1 Answer Your Phone!
• Why Do We Do What We do

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

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis

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Finally there will be an end to low balling a Good Faith Estimate  just to get the deal.  All Idaho first time home buyers are against more rules and regulations, but this one is long overdue.

As of June 30^th, 2009 the new rule of 3-7-3 goes into effect.   What this means is a Idaho first time  home buyer must receive their upfront disclosures 3 working days after the home buyers Boise loan application is submitted.   Many escrow officers tell me that far too many Idaho first time home buyers don’t see any disclosures until the day of closing.  The buyer ends up signing two sets of loan documents, at the closing table, instead of one.  This is completely wrong!

Hey, all of you real estate agents out there who work with lenders who conduct business in this manor, you need to find a new lender.  The Boise loan officers that have YOUR clients signing 2 sets of loan papers at closing, are putting YOUR client and YOUR reputation at risk.

Upfront disclosures are the mortgage Boise home loan documents that all consumers are suppose to see before the actual signing of the official mortgage documents.  These documents are duplicates of the final papers that will be recorded. 

The Idaho first time home buyers must have these Boise home loan mortgage disclosures 7 working days before they can sign the final closing documents.

If there are any changes to the Good Faith Estimate, the lender must re-disclose the new loan terms and the consumer must wait an additional 3 working days before they can go to the title company and sign the final Boise loan documents.

The changes that trigger re-disclosing are: an increase of APR (annual percentage rate) fees of more than $100.00 or if the APR increases more than .125% (1/8) %

What all of this means is a Boise loan officer can no longer “hide or hold back fees” to make the GFE look like a “good deal” and later on, in the transaction, have the fees “magically” re-appear.

If a  Idaho first time home buyer has not had a chance to review the Boise loan documents (upfront disclosures) that they are about to sign and commit to, how would they possibly know what fees have been changed or what Boise loan program they have applied for. 

Now is the time for Boise Idaho first time home buyers to take control of their mortgage  future and hold Boise loan officers accountable.  Home buyers need to know their rights.

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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