Purchasing a home in Idaho is an exciting milestone, but it often comes with the challenge of saving for a 20% down payment. However, there is an alternative approach that can make homeownership more accessible for Idaho borrowers: mortgage insurance. In this blog post, we will explore the benefits of not putting 20% down on a home and instead opting for mortgage insurance, specifically tailored to the needs of Idaho residents. By understanding this local perspective, you can make an informed decision that aligns with your financial goals while embracing the opportunities offered by the Idaho housing market.

As a homeowner, you've invested time, money, and effort into purchasing your dream home. However, have you considered the potential risks and uncertainties that may arise during the course of your mortgage? This is where mortgage insurance steps in, providing homeowners with a safety net that safeguards their investment. In this blog post, we will explore the importance of mortgage insurance and why it is a vital consideration for homeowners.

Owning a home is a significant investment and obtaining a home loan is a significant financial decision. Mortgage insurance is a requirement by most lenders for borrowers who are unable to make a 20% down payment on their home. The insurance protects the lender if the borrower defaults on the loan. However, mortgage insurance can add hundreds of dollars to your monthly mortgage payments, which can make a significant impact on your monthly budget. So, how do you remove mortgage insurance from your home loan? In this blog post, we'll discuss some of the ways you can eliminate mortgage insurance from your home loan.

The Federal Housing Administration (FHA) has recently announced a significant reduction in its monthly mortgage insurance premium (MIP) from 0.85% to 0.55% for certain FHA loans, effective March 20, 2023. This move is expected to save homeowners thousands of dollars over the life of their mortgages, making homeownership more affordable and accessible for many. In this blog post, we will discuss what FHA loans are, what the MIP is, and how the recent reduction will benefit homebuyers.

In this blog:  IHA increases income limits, Mortgage rates also increasing, VA clarifies Realtor fees.

In this Blog:
FHA mortgage insurance to be reduced?
Refiance mortgage and pay off Student loans.
Lead generator for Realtors
Down Payment Assistance for Boise homes.

Researching Flood zones in Boise, Meridian, Nampa, and the Treasure Valley

Rural Development nixed Realtor fees, FHA reverts back, Wells Fargo in trouble...again?

In this Blog:
Rates
Debt Zombies
Realtor ID numbers
New Flood Insurance Changes
Time for Testimonials