Mortgage Borrowing Will Soon Cost More
Friday, December 30th, 2011 Posted in Inside Real Estate | 2 Comments »Thanks to language included in the recently-passed federal payroll tax cut extension, the cost of a mortgage will increase effective April 1, 2012. David Stevens, CEO of the Mortgage Bankers Association was quoted as saying the new fees could mean an ...
Is Your Home Over-Insured?
Wednesday, December 28th, 2011 Posted in Inside Real Estate | No Comments »When I glanced at my homeowner’s insurance renewal recently, I noticed that my replacement cost coverage was significantly higher than the likely replacement cost in today’s market. That meant I was paying for coverage I didn’t need, so I called my ...
Mortgage Quality Is Improving
Saturday, December 24th, 2011 Posted in Inside Real Estate | No Comments »Lenders are forecasting a 31% improvement in mortgage default risk, based upon several factors. Here are several things that have changed in mortgage lending over the past few years: Underwriting guidelines have been strengthened. Down payment requirements have been strengthened. Liar loans are gone. Option ...
First Time Buyer Tax Credit Repayment
Friday, December 23rd, 2011 Posted in Inside Real Estate | No Comments »950,000 first-time home buyers who bought a home in 2008 and claimed the first-time home buyer tax credit on their 2009 tax returns must repay the tax credit to the IRS. The original first-time buyer credit, enacted by Congress, was actually ...
Boise Real Estate: What Glut of REO Listings?
Thursday, December 22nd, 2011 Posted in Inside Real Estate | No Comments »If you believe what you read/hear in “the media”, you are surely convinced that the Boise real estate market is awash in REO listings (foreclosed homes), right? Well, think again! As I write this, there’s a grand total of only 111 Ada ...
