Lisa Kratz's Blog

Idaho FHA Streamline Refinancing

Lisa Kratz (Apex Mortgage) — Wed, 15 Oct 2008 11:37:31 -0700

If you currently have an Idaho FHA mortgage loan and are behind on the mortgage payments, refinancing into an FHA streamline mortgage loan might be a solution for you! Much of the difficulty in obtaining a loan of any sort is the paperwork that you have to collect. With an FHA Streamline Refinance, you are easily qualified if you currently have an FHA mortgage loan. There is NO need for an appraisal unless you want to wrap the cost of closing into the loan. In most cases your credit will not be checked for an FHA Streamline Refinance. In addition, there is NO income verification, NO asset verification, and you usually do not need any cash for closing! Call today to learn how an Idaho FHA loan can benefit you. Lisa Kratz (208) 888-9251

New FHA rules good for Boise mortgage market

Lisa Kratz (Apex Mortgage) — Wed, 11 Jun 2008 14:42:36 -0700

An FHA loan is a federal assistance mortgage loan, insured by the Federal Housing Administration. To promote home ownership, these loans require a small down payment and offer the most choices for refinancing, especially with cash out.

Recent reforms have addressed current housing and mortgage lending needs by loosening some underwriting standards and raising current restrictive loan limits.

Read more about New FHA loan highlights on my blog:

My Idaho Home Loans

Apply for a Boise Mortgage

A great time to buy Idaho real estate

Lisa Kratz (Apex Mortgage) — Wed, 11 Jun 2008 14:34:48 -0700

Since the beginning of 2008, the number of homes on the market for sale in Ada County alone has risen over 17%. The median listing price of these homes - almost 6,000 of them - has been $259,000. The median sales price, however has been $205,000, a difference of almost $55,000! Canyon County trends are similar. And the same trends are holding true beyond Boise, Eagle, Meridian, Nampa, Caldwell, and the rest of the Treasure Valley. It truly is a Buyer’s market!

While current economic conditions might lead us to tighten our belts and hold on to our wallets, savvy investors, home owners, or anyone who has been considering a new Idaho home loan, could be wise in taking advantage of the current Idaho housing market.