The “Hidden Costs” of Owning a Home Besides the monthly mortgage payment associated with the purchase of a home, there are typically alternate expenses which a home purchaser should be aware of. The following list contains information on the most prevalent: 1) Special Assessments: Special assessments typically include homeowner’s association dues (HOA) or management fees. […]
HUD HOME FOR SALE! 2125 E Amity Ave, Nampa Room to roam in the city—no CC& R’s and situated near amenities, medical services & I-84! This Nampa HUD home for sale contains 2 bedrooms, 2 bathrooms and 1344 sqft–nearly move in ready with updated windows, a spacious master suite and open living areas. Partially fenced […]
HUD HOME FOR SALE! 103 Fern Street Nampa, ID 83686 Incredible HUD home for sale located within an established area of Nampa—nicely situated near amenities and medical services. An approximate monthly payment for this HUD owned Nampa home for sale at the asking price would be at or around $300 monthly—why rent?!? The interior of […]
MORTGAGE RATES FALL TO RECORD LOWS (AGAIN) The average 30 year fixed mortgage rate dropped to 3.94% which matches the all-time low in October. The 15 year fixed rate mortgage also saw a new record low of 3.21% which is lower than the previous record held on October 6th of 2011.Adjustable rate mortgages (ARM’s) also […]
Default filings down by a third in Ada & Canyon Counties The local real estate market seems to be headed in the right direction in regard to stability. The next 6 months will provide additional information on the direction that our market is headed yet the following information provides a “snap shot” of year to […]
A letter sent to the Federal Housing Finance Agency’s (FHFA) acting director Edward DeMarco by 21 member of the United States Congress urged this director to implement principle reductions on loans currently backed by Fannie Mae and Freddie Mac—2 of the largest backers of mortgage securities. The letter explains that the members of congress do […]
Although the national median price of homes being purchase has decreased, existing homes that have been sold increased for the 4th straight month in November. Purchases of town homes, condo’s, co-op’s and single family residences increased nearly 14% last month to a adjusted estimated of 4.97 million. Since July, homes sales have increased […]
The housing affordability index for the third quarter of 2011 is hovering near its highest levels in over 20 years due to record low interest rates along with stabilizing home prices. 72.9% of residential property sold in the 3rd quarter was affordable to families earning an average income of $64,200. This is the 11th straight quarter that […]
5 Great Things about Home Ownership Homeownership is one of life’s supreme joys. It’s time to not just get off of the fence yet LEAP off of the fence! Here are some reasons why: 1) Investment: Paying rent is like throwing money down the drain. Rather use Courtesy loans and buy a home securing your […]
Purchasing a Home After a Short Sale or Foreclosure Many have questions regarding how long it takes to be eligible to purchase a home if a foreclosure is currently on record or you have sold your home via the short sale route. Below you will find detailed information to help shed light on the subject! I can be reached […]