I'm proud to announce that we now have the reverse mortgage program, the HECM, available for my clients. This is a program for homeowners 62 or over that want to convert their home equity into a monthly check, a line of credit , or simply withdraw a lump sum of cash. there is no credit, income,
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09/05/2008
With seller funded Down Payment Assistance going away, my company has been calling around to locate down payment assistance that will be accepted after October 1st. Pocatello Neighborhood Housing, Neighbor Works Program 208-232-9468 or www.pnhs.org They have both a down payment assistance program
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08/28/2008
For those of you who know me, I get a little bit anxious around Labor Day. The month of September brings many great opportunities in Idaho for the outdoorsman. the blistering summer heat is waning, the mornings are cool and crisp, and the game is plentiful. This year, my plans include: Septem
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08/28/2008
In the last 2 weeks, we have had three pieces of good new. One, the sale of existing homes was up over 3 percent over last year. Second the sale of new homes was up, I believe 2 percent over last year, and finally today we heard that mortgage applications were up over last year. Now I dont wan
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08/27/2008
In spite of the year of negative news about lenders going away and loans being harder to qualify for, I still get asked about: No Doc Loans, Stated Income for Investors, Seller Carry backs to 100% or more, Silent Seconds, and Double Closings. Times have changed and all of those things helped to
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08/27/2008
As most of you already know, the first of October will bring the end of seller funded down payment assistance. What you might not know is that many lenders have stopped taking new loans with DPA already. So far: First Horizon, Suntrust, Flagstar, have stopped. Taylor Bean and Whitaker will not
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08/26/2008
I've always been a big fan of back up systems, some times to the point of being called paranoid. This week it came in handy as Murphy's law struck big time! On Sunday, I took a nice leisurely float down the Boise River. As I was loading up my gear, I noticed the supposed "waterproof bag" my cel
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08/20/2008
When October 1st rolls around, seller funded down payment assistance will be history. Now there is a bill in congress to restore it, but who knows if it will pass, and more importantly signed into law by the President in time. I will instead look at the possible solutions. VA loans go to 100%,
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08/16/2008
This week I got a call in from a couple who were going to miss their August payment. It seems they had been told that there was a special program out there that would let them refinance their home even if the value was less than what they had borrowed on it. They were also told that to qualify
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08/15/2008
Either you shape the culture around you or the culture shapes you. Either you influence everyone around you positively or you allow their negativity to influence you. You know that they say there are people that are "glass half-full" people and there are people that are "glass half-empty". Fun
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08/15/2008