Want to lower your monthly mortgage payment but without the hassle (and cost) of refinancing? You may want to consider “recasting” your loan.
Recasting a mortgage involves paying down the principal amount owed on the loan. If you have funds available that you’d like to invest somewhere other than a low interest savings account, paying down the principal on your mortgage and having the loan recast will reduce your monthly payment fairly significantly.
The definition of “recast” when… Continue Reading Recast your mortgage

Real estate is still moving in the Boise area. The numbers for September 2011 beat the numbers for September 2010 by almost 12% – 554 sales in 2011 compared to 489 for 2010. The year-to-date numbers are also outshining 2010 by 320 sales. And the Days On Market number is down considerably from 81 days in 2010 to 73 days in 2011.

Of the homes sold last month, 475 were existing homes and 79 were new construction.

Sales numbers broken down by area (August 2011):

Boise

North – 30 (28… Continue Reading Boise Real Estate Sales – September 2011

Almost every day someone asks me about the state of the Boise real estate market. Without exception, I say that we “bottomed out” several months ago and are moving sideways in most areas and even seeing appreciation in other areas. This month’s sales number confirm that statement. The median price increased in most areas (represented below) – in some areas, it increased significantly. My statement is also confirmed in the number of multiple offer situations my buyers have found themselves in… Continue Reading Boise Real Estate Sales – August 2011

Boise real estate is continuing to move. The number of homes sold dipped last month – from 617 in June to 563 in July. The number of “active” listings also dipped to 2560, the lowest its been since April…. Continue Reading Boise Real Estate Sales – July 2011

The Boise River is home is an abundance of wildlife including eagles, beavers, deer and more.Continue Reading Boise River

Downtown Boise skyline with the mountains in the backgroundContinue Reading Boise skyline