Idaho Housing and Finance Recognizes Capital Mortgage Top Mortgage Broker Partner for Q1 2020 We appreciate our broker partners and want to express our thanks to those who closed the most Idaho Housing loans this past year. Now more than ever, our partnership to help Idahoans obtain sustainable homeownership is so important. Thank you [...]
Are you considering a cash-out refinance? If so this information might help you decide if it is the right option for you. Traditional Refinance: A traditional refinance replaces your existing mortgage with a new mortgage which would typically offer better terms, such as number of years/months, monthly payment amount, or interest rate. Cash-Out Refinance: A [...]
Idaho Housing raises millions of dollars in the national capital markets and forms partnerships with banking and lending institutions throughout the state. It functions as an agent for the U.S. Department of Housing and Urban Development and performs a wide variety of tasks associated with financing, developing or managing affordable housing. Idaho Housing and Finance [...]
United Wholesale Mortgage (UWM) presented the "Top 20 Purchase Loan Officer in the State of Idaho" award to Gail Taylor of Capitol Mortgage, for her loans closed in 2019! United Wholesale Mortgage (UWM) is the #1 wholesale lender in the United States. UWM underwrites and provides closing documentation for residential mortgage loans originated by independent [...]
What Are Closing Costs? Closing costs are fees associated with your home purchase that are paid at the closing of a real estate transaction. Why Are There Fees? Throughout your home purchase, the lender, and other third parties, perform a variety of different services, some of which can be time-consuming and complicated. Closing costs are fees [...]
Adjustable-Rate Mortgage An interest rate that changes periodically in relation to an index. Payments may increase or decrease accordingly. Amortization A repayment method in which the amount you borrow is repaid gradually though regular monthly payments of principal and interest. During the first few years, most of each payment is applied toward the interest [...]
If you are shopping for a home mortgage or considering a refinance, chances are you've heard of both a 30-year home loan and a 15 year home loan fixed rate option. Both loan types offer their own set of advantages and disadvantages. Here are a few pros and cons to consider to help you choose [...]
Whenever the Fed makes a rate change, we'll often get asked if or how it will affect home mortgage rates. It's not an easy answer. There is a relationship between the two, but it is not what most people think. This past week is a great example because even though the Fed announced a rate [...]
When applying for a home loan, one of the first steps a mortgage lender will do is check your credit score to see if and for how much you can qualify. What is a Credit Score? A FICO credit score is a number that measures your creditworthiness based on reports from 3 main credit reporting [...]
Idaho Housing raises millions of dollars in the national capital markets and forms partnerships with banking and lending institutions throughout the state. It functions as an agent for the U.S. Department of Housing and Urban Development and performs a wide variety of tasks associated with financing, developing or managing affordable housing. Idaho Housing and Finance [...]
