First time home buyers will have an additional 3 months to qualify for the tax credit of up to $8500. offered by the federal government. Originally, the buyer must have a contract in place by April 30th and close by June 30th. But the Senate and House have approved an extension of the closing date and President Obama is expected to sign off on the legislation. The extension will accommodate the buyers who have had difficulty getting their loans approved due to the demand for new loans and the… Continue Reading Tax Credit Extended

The federal government has cut up the pie and the State of Idaho will soon receive its share of the money. Want to know where the money will go? Lots of schools, cities, counties and other entities have already submitted their requests for funds. The State has designed an internet website to allow anyone who’s interested to follow the money— State of Idaho Stimulus Requests. Check back periodically to see where and how the money spent…. Continue Reading Idaho’s Share of the Stimulus Pie

With all of the talk about credit tightening, now is the right time to make sure that your credit is ship-shape and to correct any inaccuracies on your credit report. And who knows — it may save you thousands on your next home loan. So where do you start? Continue Reading Free Credit Report

Home Buyers in Canyon County, take note! Idaho Housing and Finance Association is offering low interest home loans to home buyers in Canyon County. And, no, you don’t have to be a first time home buyer.

Idaho Housing and Finance Association (IHFA), known for its first time home buyer programs, is currently offering 5.91% Continue Reading Low Interest Loans for Canyon County

There it is again! “Ada home prices still climbing” reads the headline in the Business section of our local newspaper. Tell that to all the homeowners in Ada County that have had to reduce their asking prices to get their homes sold. Continue Reading Home Prices Still Climbing?

Occasionally, I will publish an article that is timely, informative, or helpful but written by a real estate industry professional who I know and trust. The following was written by Kellie Allen, a mortgage consultant with Countrywide Home Loan in Eagle.

The Subprime Loan Hype
by Kellie Allen

The headlines are full of news on the mortgage and real estate front about the “subprime meltdown”. What exactly is going on and what impact if any does it have on you?

A “subprime” ho… Continue Reading Subprime Loans