Source: money.cnn.com By Chris Isidore In an effort to make owning a home more affordable, the Federal Housing Administration will dramatically cut the costs associated with the mortgages it backs. Premiums for FHA mortgage insurance, which is designed to protect the agency in case a borrower defaults on a loan, will be cut from 1.35% … » Learn More about FHA to lower cost of mortgage insurance
News and Articles
Retire to One of These 5 Great Small Cities
source: time.com Love the culture and excitement of urban life, but loathe the congestion and cost? One of these “Second Cities” could be your first-choice retirement spot. Does the thought of retiring to a sleepy beach town or country hamlet bore you silly? Spending your post-work years in a city has plenty of perks, including … » Learn More about Retire to One of These 5 Great Small Cities
Residential Housing Continues Up!
Check out the KTVB News interview with Sheila!
source: KTVB.com by Stephanie Zepelin BOISE – Boise real estate agents are currently reporting the biggest housing boom in the nation. RE/MAX compared data collected from the Multiple Listing Service (MLS), and it shows that Boise real estate agents saw the greatest increase in sales from January 2013 to January 2014, making it the highest … » Learn More about Check out the KTVB News interview with Sheila!
Dodd-Frank Qualified Mortgage Rule
Here is a helpful article sent to us by our ever-helpful lender friend Terry Heffner, Branch manager at Guild Mortgage Company: Friends: Only one month into the year, and we are seeing the effects of the new Dodd-Frank Qualified Mortgage Rule, otherwise known as QM-3. I believe in 2014 it will be imperative that borrowers … » Learn More about Dodd-Frank Qualified Mortgage Rule
