My First Boise Idaho Home Loan – Boise Mortgage Loans

 Taxes, taxes, taxes, what is the deal with property taxes.  With the declining home values, people’s accessed values are also going down.   For many this is a huge relief.  

Real estate taxes for Idaho first time home buyers are paid twice a year to Ada County tax assessor and are collected in your monthly Boise mortgage payment (if you have impounds) and held in an escrow account until the tax bill comes due. 

How can I lower my Ada County Property Taxes?

Right now many properties in Ada county are accessed 5-10% above appraised values .  If you feel your property taxes are too high, you can contact Ada County Assessor, in Boise, and petition to have your property reassessed.  If you have purchased or refinanced recently, you may be able to use that appraisal.  If not, a new one will cost $400-$500.  Give me a call and I will be glad to assist.

For Idaho first Time buyers in 2009, this will not be a problem.  The properties that are being purchase now are mostly well under the assessed values.  When a home is purchased the taxes are based on the new-lower value which in turn will drop the taxes. 

If someone purchases a rental property, there will not be a home owners exemption on that property which means the taxes will be quite a bit higher until the exemption is filed.  After that, the taxes will be reduced in the following tax year. 

Another issue that Boise home buyers need to be aware of, is that if they buy a rental and the taxes are higher, that also means that it could affect their qualifying ratios.  It could be a deal breaker.  One way to get around this is to collect extra taxes at closing which will allow the Idaho home buyer to qualify at the lower tax rate.  A Realtor should be all over this and avoid a potential disaster.   

A few more posts about Boise home loans: 

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

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis

To learn more about Guild Mortgage and myself please visit my other site for a Boise mortgage

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The uniform residential mortgage Boise home loan application is the most important first step to home ownership.  It is critical that the home loan application be completed with accurate, verifiable information.  

 The accuracy of this document will set the pace for the entire Boise home loan approval process.   The data that is provided, is what the Boise loan officer will be  using for automated Idaho loan approval, ordering credit,etc.  If the data cannot be verified or the data changes, your initial Boise home loan approval may be void.

I would strongly recommend that a  Idaho First Time Home Buyer, print out a copy and hand write the application.  There are only 4 pages to the application and should only take 20 or 30 minutes to complete. 

It is in the best interests of a Idaho first time home buyer to take a few minutes and become more familiar with the Boise home loan application.  Remember, you will be committing to borrower $50,000 to $400,000 for 30 years and agree to pay it back.  It is worth to take the time and Take Control of Your First Idaho Home Loan!

After you have completed the Boise home loan application make a copy for your files.  Use  your copy to compare to the upfront disclosures that you will receive within 72 hours after application.   Make sure the data hasn’t changed.

Idaho first time home buyer loan application .  Please click on the PDF and down load the application and Fax Cover Sheet.  Please fax it 208-489-2809 or scan and email to CBallhagen@GuildMortgage.net .

Please call my cell if you have any questions about the Boise home loan application or process.   208-713-3309   Thank you

Please visit my $8,000 tax credit blog. 

Other post like this one-

• The “New” Home Buyer Tax credit For Boise Idaho
• No HVCC for Boise Idaho First Time Home Buyers
• Boise First Time Home Buyers Leverage Tax Credit
• Boise Idaho Home Buyers Free Credit Report
• Boise Home Buyers and Upfront Loan Disclosures
• Private Mortgage Insurance Really Stinks!

    To learn more about Guild Mortgage and myself please visit my other site.

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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Thank you for requesting a Idaho Home Buyer Handbook.  I will have a E-copy to you within 24 hours and a hard copy within 3 days.  Also, be sure to include other interests you have and that information will be included.   Please let me know which method is best!  Thank you

Thank you for downloading my Boise, Idaho Homebuyer’s Handbook.  I have made this handbook brief, providing you with limited yet very valuable information.  The vast amount of information that is readily accessible can be overwhelming (and not very effective) if you don’t know WHICH information is most pertinent for closing your home loan in a timely and effective manner. 

I have lived in Boise and assisted home buyers for over 13 years.  I have access to various handbooks and many websites that I will be glad to share with you at anytime.  Please contact me 208-713-3309 or e-mail me at CBallhagen@GuildMortgage.net.  My site is located at www.MyFirstBoiseHome.com. There are many other posts and resources that you are welcome to explore.

Link to the Handbook-please download Boise Idaho Home Buyers Handbook

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 Here are a few posts to get you started:

 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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It is up to the next generation of  Idaho First Time Home Buyers to TAKE CONTROL of their home ownership future by accepting responsibility and holding their Boise loan officers accountable.

It is the Boise loan officer’s duty to make sure that all Boise Idaho First Time Home Buyers fully understand the process, total costs, and complete terms of Boise loan that they are applying for.
I have a list of Boise Idaho ’First Time Home Buyer’s Bill of Rights’ that all Boise loan consultants need to fully explain to all of their clients.

The Boise Idaho home Buyers Rights are:

1. Will be provided a copy the Boise  home loan application and Good Faith Estimate at the time of application.
2. To receive a copy of your credit report and provide any necessary counseling.
3. To be provided a copy of the upfront Boise home loan disclosures 72 hours after application. Bring your copy of the disclosures to the final closing and make sure nothing has changed.
4. Receive a copy of your appraisal 48 hour before your sign your final Boise home loan documents.
5. Be provided with a final HUD 1 closing statement outlining your total costs, prior to signing your final  Boise home loan documents.  If changes need to be made, they need to be done before your sign.
6.  To know if your Boise Idaho home loan is being processed locally, if not, expect the Boise  home loan process to take weeks instead of days. Out of state processing is a huge disadvantage to Boise Idaho first time home buyers.  Much control is lost when Boise Idaho home loans are processed out-of-town.

If these  Idaho ”First Time Home Buyer’s Rights’ ‘ are not met, consider working with another Boise loan consultant.

There were many contributing factors to the recent mortgage meltdown and increased foreclosures.  Idaho first time home buyers didn’t  have the experience to make informed choices about purchasing their first Bosie Idaho home and have a full understanding the Boise mortgage process.

The next wave of Boise  First Time Home Buyers need to be a part of the ‘mortgage meltdown’ solution by becoming a much more ‘healthier’ group of responsible Boise Idaho home owners.  It is also up to all Boise Lenders and Realtors to provide  Idaho First Time Home Buyers with all of the information and education they need to help them make much better decisions!

Idaho first time home buyers need to be empowered! Lack of clarity and explanation on the Bosie lenders part didn’t help either.  Many Idaho first time home buyers didn’t know what qualifying questions they should be asking of their Boise loan officer or what is to expected of the Idaho mortgage company.  Know Your Rights!

If a  Idaho first time home buyer has any concerns about a Boise loan consultant or a mortgage company. They can contact the Boise Better Business Bureau or Idaho Department of Finance here in Boise.

Some other resources are Fannie Mae, FHA loan , and Boise Idaho Housing Authority, (here is Boise),  web sites.

Here are 2 more sites the National Association of Consumer Advocates and Mortgage Consumer Advocates.

Go back to basics, print out a  Copy of Copy of Personal Budget and take control for your financial future!

    To learn more about Guild Mortgage Home Loans and myself please visit my other site.

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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Congratulations!  Idaho Housing Authority named Guild Mortgage of Boise Idaho the number one lender in the third quarter.  That is quite and statement and should give any Realtor or potential home buyer another great reason to consider Guild Mortgage Idaho for their next purchase transaction. 

These days in the real estate world, home loans have become a challenging undertaking.   That is why it is so important to establish a lasting relationship with a professional lending institution, such as Guild. 

Below is a list of other qualities to consider when looking for your next lender:

• In house underwriting, processing, and funding.-Lenders that have their Boise home loans underwritten out-of-town lose much control and have a much greater challenge delivering time line expectations.
• Instant access to seasoned underwriters.  This give Realtors that ability to ask an Boise loan officer a particular question about a potential Idaho home buyer and get an answer instantly without having to officially submit a Boise loan.
• Re-draw closing documents in 15 minutes, yes 15 minutes.  If there is ever a mistake (misspelled name, for example) with the final Boise loan documents, Guild Mortgage’s in-house doc department can re-draw instantly.  Most  Idaho lenders need at least 24 to 48 hours.
• Platinum mortgage insurance rating allows Guild Mortgage to lend on second homes with 10% down, 5% down on conventional Idaho loans and other special loan to value advantages.  Many Boise lenders do not have this rating.
• Idaho Housing One Day in-house approval- Currently brokers with Idaho Housing buyers, have to wait 3 to 4 weeks for IHA approval for their Idaho home loans.
• $8,000 First Time Home Buyers Tax Credit Program-Not every lender can offer this program.  Check with Idaho Housing for the list of approved Boise Idaho lenders.

The most recent challenges that home buyers, Realtors and lenders have to deal with are ever changing.  Now more then ever, Realtors need to know the abilities of their lender.  If their current lender is not truly FULL SERVICE, a switch needs to made to Guild Mortgage.

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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