Kevin & Maryellen's Blog

GOOD NEWS: A side-project of mine makes it to the front page!

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Mon, 16 Mar 2009 18:33:07 -0500

GOOD NEWS: A side-project of mine makes it to the front page!

For those of you who have been reading my blog for any length of time, you know that an organization named Community Roots is close to my heart. Besides just being started by my sister-in-law and a friend of hers, Community Roots is a non-profit group here in Coeur d'Alene that takes fresh produce and delivers it to local food banks, soup kitchens, and other emergency assistance facilities.

In the past 2 years, Community Roots has delivered over 7,000 POUNDS OF FOOD to people who need it.

Well, this past Saturday, a side project of mine, one that will partner with Community Roots to feed those in need, made it to the front page of the Local Section of the Coeur d'Alene Press.

Coeur d'Alene is going to have a community garden - called, A Shared Harvest. Several of us are working tirelessly behind the scenes to make this happen, but this is how it is going to work:

If you garden and want to grow fresh produce for you and your family (and lack the space to do it), you can sign up for a plot at A Shared Harvest.
50% of the yield from every plot will be donated back to the Coeur d'Alene community via Community Roots.
Also, two beds will be designated, specifically, for Community Roots and 100% of the produce grown on those two beds will be given back.

Coeur d'Alene has an AMAZING network of food assistance facilities available and, being on the Board of Directors for the Kiwanis Club of Coeur d'Alene, I get to see them at work. Their dedication to our community is enviable and we all benefit from their generosity.

So far we have a mountain of support from all across the community, including:

Kiwanis Club of Coeur d'Alene
Panhandle Kiwanis Club
Sorensen Elementary
Coeur d'Alene High School
Lake City High School
City of Coeur d'Alene (presenting at town meeting tonight, live on TV)

But, the garden will be more than just a place to grow fruits and vegetables. Plans for the garden include a sensory garden for the seeing impaired, wheelchair accessible growing beds for those dependent on wheelchair assistance, and a shaded picnic area under four 100-year-old oak trees.

If you are interested in getting involved, please feel free to e-mail me via the link on this blog. Our next meeting is Thursday, March 26th.

If you are interested in learning more GOOD NEWS, please visit other entries in my blog...
or start one of your own!

Maryellen Garasky (in the photo above, sitting, red coat, lap top on my lap)
Mortgage Broker
KMG Mortgage Group
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

GOOD NEWS: The Stock Market's Up Significantly and Interest Rates Are Improving! 03-12-2009

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Thu, 12 Mar 2009 23:41:58 -0500

GOOD NEWS! If you're looking for a home loan in North Idaho or Eastern Washington, NOW is the time to move.

The time has never been better. GREAT houses just waiting for you! GREAT interest rates to make your payment affordable. And, if you're a first time homebuyer (aka: you haven't owned a home in the previous 3 years), let's not forget about the $8000 check you would get from the IRS!

Don't wait! Call us today!

Maryellen Garasky
Mortgage Broker
KMG Mortgage Group
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

More good news on the mortgage front. Kindly provided by "Mortgage Professional Extraordinare" Mike in Tucson.

Via Mike Jones (Tucson Mortgage Company, LLC):

Remember when these were all you had to call home when you were on the road? So do I, and interest rates are lower now than they were back when these were being phased out for touch-tone payphones.

The stock market improved today by more than 200 points. Interest rates dropped. Rates are loosely tied to what happens in the bond market. What happened today is contrary to what usually happens. Bonds and stocks usually move in opposite directions.

You don't care why. Take advantage of it. If you're looking for a mortgage of any kind, 30 year fixed rates for the best borrowers (good credit, W2 wage earner) are back below 5%, with APRs in the low 5s, depending on your loan adjustments.

Okay. You're the one person who actually wants to know why. I'll tell you. Today's auction by the Federal Reserve of $11 billion in 30 year bonds was mobbed. Demand was high, so rates fell. Buyers included foreign central banks buying through investor groups.

The point is, cheap money is available for purchase and refinance. Call me, and let's talk.

I'm Mike in Tucson, your preferred Tucson, AZ Mortgage lender.

Think of me as your Tucson mortgage expert. I only loan in Arizona.

Call me if I can help you with a purchase or refi mortgage;
(520) 349-9090

GOOD NEWS: Royal Family Kids Camp in North Idaho

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Thu, 12 Mar 2009 23:23:55 -0500

GOOD NEWS: Royal Family Kids Camp in North Idaho

Like many of you, I am tired of the constant bombardment of the network media about how bad life is right now. So, I am doing something about it and I would like to encourage you to do the same. I am blogging for 30 days about POSITIVE things I see going on in my community. So far, I have been faithful to my calling and this is my 4th installment in the series.

But now, I'd like to introduce you to...

Royal Family Kids Camps

"Every year in our area, hundreds of children are removed from their homes and placed in the foster care system because of severe abuse and neglect, or even abandonment. For most of these children, they will lose hope, and feel as if their life has come to a deadend, even before it has begun.

A national organization, Royal Family Kids' Camp (RFKC) developed week-long camps for abused, neglected, and abandoned children who have been placed in foster care. For many of these children, their week at RFKC is the first time ever in their lives they have felt security, warmth, and love from dedicated adult caregivers. For them, it can be a life-changing experience.

Lake City Community Church has sponsored and operated such a camp for the past four years, and eagerly looks forward to its 5^thyear. When children arrive at RFKC they are assigned a caring counselor, along with a surrogate "grandma" and "grandpa" and "aunt" and "uncle." For many of these campers, this is their first experience of how a real family functions. They discover self-worth, and a feeling of success as they accomplish projects and make friends.

We would love for you to share this opportunity in serving these children with us. If you are interested, read on..."

I would like to encourage you to get involved in one way or another. If you live in North Idaho, please consider contacting RFKC to see how you can help. If you live elsewhere in our great nation, look for opportunities to serve those around you.

There is no better way to take your eyes off your current circumstances than to look into the eyes of a child.

Thank you...Maryellen

GOOD NEWS: Free Tax Help for Those Who Have Need

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Tue, 10 Mar 2009 11:21:40 -0500

GOOD NEWS: Free Tax Help for Those Who Have Need

As some of you may know, I am on a crusade to write about one positive thing I see in my community for 30 days. Today is my 2nd installment.

This is not the first year that this service has been offered. But, with all the changes in the economy, paying for tax assistance might be prohibitive for many people this year. That's why I wanted to highlight this valuable service made by volunteers in and around the Coeur d'Alene area.

Assistance is provided by the AARP Tax-Aide, but serves low to moderate income taxpayers of any age. You don't have to be a member of AARP to use this service!

LAKE CITY SENIOR CENTER 1916 Lakewood Drive, Cd'A	Appointments only: 667-4628	Mon, Wed, Fri 9 am - 12 pm
LUTHERAN CHURCH OF THE MASTER Ramsey & Kathlees, Cd'A	Walk-ins only	Fri & Sat 10 am - 3 pm
SILVER LAKE MALL 200 W. Hanley, Cd'A	Walk-ins only	Mon - Sat, 10 am - 4 pm Tues & Thurs, 4 pm - 8 pm
ATHOL COMMUNITY CENTER Hwy 54 & 3^rdStreet, Athol	Appointments only: 683-2407	Tues, 9 am - 2 pm
POST FALLS SENIOR CENTER 1205 E. 3^rd Ave, Post Falls	Appointments only: 773-9582	Tues & Thurs 10 am - 3 pm
RATHDRUM SENIOR CENTER 8037 Montana, Rathdrum	Appointments only: 687-2028	Tues & Thurs 10 am - 4 pm
KELLOGG SENIOR CENTER 211 McKinley Ave, Kellogg	Walk-ins only	April 6^th only 10 am - 2 pm

Shut-ins call: 667-4628 or 687-2028

What to bring: your social Security card (and those of your children), photo ID, last year's (2007) income tax return, and all your 2008 income documents (W2s, 1099s, etc.)

Maryellen Garasky
Mortgage Broker
KMG Mortgage Group
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

GOOD NEWS: Is it Contagious?

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Mon, 09 Mar 2009 17:29:12 -0500

GOOD NEWS: Is it Contagious?

I was reading another great post from Janet Guilbault (Deflation Nation) when it struck me, "I'm going to do a series on POSITIVE THINGS I SEE IN MY COMMUNITY." It shouldn't be difficult. Really. You say, "Are you kidding me?!?!?!?!?! Have you seen the news?" Yeah, I have. But, I tend to believe people fall into two categories:

People who expect good
Everyone else

I am a Board Member of the Kiwanis Club of Coeur d'Alene and I can tell you from personal experience, we are NOT short for positive things happening in and around Coeur d'Alene. If you question this, visit the Kiwanis Club of Coeur d'Alene's blog page that I manage for them. Pay particular attention to:

TESH Celebration of Stars - It's Electric!

Special Olympics - Idaho Style!

The Grants Recipients Page

The other day I was watching the FOX News Ticker when they announced 87% of people believe the negative media coverage is prolonging our national slump. How did they come up with that number? I have no idea. But, I can tell you, this premise was central to Kevin's BEARD OF PROTEST (Janna, don't laugh) and my giving up on prime time news altogether - a BIG deal, I was a Poli Sci Major in College with an emphasis in Writing and Literature. "News" is was my life!

So, I start today and I would like encourage you to do the same. My goal? To write one positive blog entry every day for the next 30 days. In fact, I have already started a list and am on #14. The next two weeks are looking good... How about you?

Maryellen Garasky
Mortgage Broker
KMG Mortgage Group
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

Great Family Fun - Thursday nights in Hayden, Idaho

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Mon, 09 Mar 2009 11:18:21 -0500

Great Family Fun - Thursday nights in Hayden, Idaho

If you are looking for something to do with your kids on a Thursday night, consider going to Jump-A-Lot, Indoor Party Zone in Hayden.

Gabrielle and I discovered Jump-A-Lot last summer when we were looking for something to do, but wanted to get out of the heat. We were happy to learn a couple of weeks ago that Thursday night is family night and prices reduce to $3.95 (from the regular $7.00) per hour, per jumper.

And, the good news to all those parents who are still young at heart, parents don't have to pay for themselves!!! Yahoo!!!

Or, if jumping isn't your thing, take advantage of the free WiFi and blog work to your heart's content while your kids jump the crazies right out!

Jump-A-Lot can be found at 10260 N. Taryne Street (on the East side of HWY 95 just North of Dakota Ave) in Hayden.

Kevin and Gabby went to Jump-A-Lot last week and it resulted in some GREAT action shots!

Maryellen Garasky
Mortgage Broker
KMG Mortgage Group
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

Kootenai County: Homeowner's Exemption Information

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Fri, 06 Mar 2009 21:03:47 -0600

HOMEOWNERS EXEMPTION INFORMATION

Do you own a home in Idaho? If you are a resident of Coeur d'Alene, Post Falls, Rathdrum, Hayden, Hayden Lake, or anywhere else in Kootenai County, don't forget to file for your homeowner's exemption before the deadline creeps up on you!

WHAT IS THE HOMEOWNER'S EXEMPTION?

The Homeowners Exemption saves the property owner money on their property taxesand is an exemption provided by state law. The exemption deducts 1/2 of the assessed value of the buildings, up to a maximum of $104,471 or 50%, whichever is less. This rate is peridically changed.

WHO QUALIFY?

A property owner who occupies the home as their primary residence and is an Idaho resident.

HOW DO YOU QUALIFY?

You reside in Idaho for a majority of the year.
A valid Idaho drivers license (if you drive)
Vehicle is licensed in Idaho (if you own a vehicle)
Registered Idaho voter (if you vote)

WHEN DO I FILE?

On new construction the owner must apply within thirty (30) days of purchase.
On existing homes the deadline for applying is April 15th of the year that you occupied the home.

WHERE DO I FILE?

The Homeowners Exemption Applications are available, and must be filed in the Assessor's Office.

Kootenai County Assessor's Office
Administration Building
451 Government Way
Coeur d'Alene, ID 83814

FOR FURTHER ASSISTANCE

Call the Assessor's Office at (208) 446-1500

Maryellen Garasky
Mortgage Broker
KMG Mortgage Group
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

Kootenai County, Idaho: Important Numbers to Know (Medical Facilities)

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Fri, 06 Mar 2009 14:50:52 -0600

Kootenai County, Idaho: Important Numbers to Know (Medical Facilities)

In this series, I will be featuring the photography of Tim Eberly. There is no one who better captures the essence of North Idaho!

No worries, I have his permission!

Medical Facilities:

Kootenai Cancer Center	700 Ironwood Dr, Cd'A	666-3800
Kootenai Medical Center	2003 Lincoln Way, Cd'A	666-2000
North Idaho Advanced Care	600 N. Cecil Rd, Post Falls	262-2800
Northwest Specialty Hospital	1593 Polston Ave, Post Falls	262-2300

Other entries in this series include:

Maryellen Garasky
Mortgage Broker
KMG Mortgage Group
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

Kootenai County, Idaho: Important Numbers to Know (Schools)

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Thu, 05 Mar 2009 17:47:08 -0600

Kootenai County, Idaho: Important Numbers to Know (Schools)

In this series, I will be featuring the photography of Tim Eberly. There is no one who better captures the essence of North Idaho!

No worries, I have his permission!

Schools - PUBLIC:

Coeur d'Alene District #271	http://www.cdaschools.org/	664-8241
Lakeland District #272	http://www.lakeland272.org/	687-0431
Post Fals District # 273	http://www.pfsd.com/	773-1658
Kootenai Joint School District #274		889-3631

Schools - PRIVATE:

Bridge Academy	1286 E. Best Ave, Cd'A	667-0319
Cd'A Charter Academy	4904 N. Duncan, Cd'A	676-1667
Classical Christian Academy	2289 W. Seltice Way, Post Falls	777-4400
Falls Christian Academy	1687 E. Horsehaven Ave, Post Falls	773-4722
Holy Family Catholic School	3005 Kathleen Ave, Cd'A	765-4327

Schools - COLLEGES/UNIVERSITIES

Gonzaga University	502 E. Boone, Spokane, WA	509-328-4220
Lewis-Clark State College	1000 W. Hubbard, Cd'A	666-6707
North Idaho College	1000 W. Garden Ave, Cd'A	769-3300
University of Idaho	1000 W. Hubbard, Cd'A	667-6426

Other entries in this series include:

Maryellen Garasky
Mortgage Broker
KMG Mortgage Group
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

Kootenai County, Idaho: Important Numbers to Know (Post Offices)

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Thu, 05 Mar 2009 15:15:31 -0600

Kootenai County, Idaho: Important Numbers to Know (Post Offices)

In this series, I will be featuring the photography of Tim Eberly. There is no one who better captures the essence of North Idaho!

No worries, I have his permission!

Post Offices:

Athol	5900 E. Hwy 54, Athol	683-2096
Bayview	16201 E. Perimeter Rd, Bayview	683-2733
Coeur d'Alene	111 N. 7^th St, Cd'A	765-1999
Harrison	103 S. Cd'A Ave, Harrison	689-3413
Hayden Lake	109 W. Honeysuckle, Hayden Lake	800-275-8777
Post Falls	707 N. Post, Post Falls	800-275-8777
Rathdrum	763 Hwy 53, Rathdrum	800-275-8777
Spirit Lake	301 E. Maine, Spirit Lake	623-4121
Worley	29801 S. 3^rd St, Worley	686-1452

Other entries in this series include:

Maryellen Garasky
Mortgage Broker
KMG Mortgage Group
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

Kootenai County, Idaho: Important Numbers to Know (Licenses)

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Thu, 05 Mar 2009 14:57:42 -0600

Kootenai County, Idaho: Important Numbers to Know (Licenses)

In this series, I will be featuring the photography of Tim Eberly. There is no one who better captures the essence of North Idaho!

No worries, I have his permission!

Licenses:

Boat Registration & License	2885 W. Kathleen Ave, Cd'A	769-1511
Drivers License	451 N. Government Way, Cd'A	446-1340
Fishing & Hunting	2885 W. Kathleen Ave, Cd'A	769-1414
Vehicle License	451 N. Government Way, Cd'A	446-1580
Vehicle License	120 E. Railroad, Post Falls	446-1590
Voter Registration	315 Garden, Cd'A	446-1030

Other entries in this series include:

Maryellen Garasky
Mortgage Broker
KMG Mortgage Group
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

Kootenai County, Idaho: Important Numbers to Know (Government Agencies)

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Thu, 05 Mar 2009 11:44:57 -0600

Kootenai County, Idaho: Important Numbers to Know (Government Agencies)

In this series, I will be featuring the photography of Tim Eberly. There is no one who better captures the essence of North Idaho!

No worries, I have his permission!

Government Agencies:

Dept. of Lands	3780 Industrial Ave, Cd'A	769-1525
Dept. of Water Resources	7600 N. Mineral Dr, Cd'A	762-2800
Fish & Game	2885 W. Kathleen Ave, Cd'A	769-1414
Forest Service	3815 Schreiber Way, Cd'A	765-7223
Health & Welfare	1120 W. Ironwood Dr, Cd'A	769-1456
Humane Society	11600 N. Ramsey Rd, Hayden	772-4019
Panhandle Health District	8500 N. Atlas Rd, Hayden	415-5100
Social Security	623 E. Wallace Ave, Cd'A	765-1322
Veterans Administration		800-827-1000

Other entries in this series include:

Maryellen Garasky
Mortgage Broker
KMG Mortgage Group
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

Hey, ActiveRain, when are you going to give Janna Rankin Scharf a FEATURED post already???

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Thu, 05 Mar 2009 00:40:44 -0600

Alright, I just have to ask...

Hey, ActiveRain, when are you going to give Janna Rankin Scharf a FEATURED post already???

Janna was one of the very first people to introduce herself to me here in the Rain. She is friendly, knowledgeable, professional, and a darn good blog writer. She is local (not to be confused with loco, but her kids would probably have to disagree for all the stalking she does on Facebook) to me and belongs to one the groups I admin here on AR. I have flagged her so many times that I think I'm developing carpel tunnel.

So, if you won't do it, I will. Here I go... (Sorry Janna, I stole this photo off your FB page - please don't report me!)

Here is just a sampling of some of her great posts (and these are only from the last couple of weeks)!

Coeur d'Alene Makes the A list - AGAIN...

Win a NEW House in the 16th Annual Really BIG Raffle

Stressed over the economy? I just found the ticket to relief

Highlights and Answers to Your Questions About the $8000 Tax Credit

Take a Look at These Stats! Homebuyers Are Online First!

Benefits in Our North Idaho Market for All Four Types of Homebuyers

Alright, ActiveRain, whose bumm do I need to kiss to get this lady a featured post, already???

In fact, I think I'm going to start another AR group.

The "Get Janna Rankin Scharf a FEATURED post!" group.

Thanks...Maryellen

Kootenai County, Idaho: Important Numbers to Know (Law Enforcement)

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Wed, 04 Mar 2009 13:24:08 -0600

Kootenai County, Idaho: Important Numbers to Know (Law Enforcement)

In this series, I will be featuring the photography of Tim Eberly. There is no one who better captures the essence of North Idaho!

No worries, I have his permission!

Law Enforcement:

EMERGENCY: always call 911!!!!!!

Coeur d'Alene Police Dept.	769-2320
*City of* Hayden Police Dept.	762-9235
Hayden *Lake* Police Dept.	772-2161
Idaho State Police Dept.	772-6055
Kootenai County Sherriff	446-1300
Post Falls Police Dept.	773-3517
Rathdrum Chief of Police	687-0711
Spirit Lake Police Dept.	623-2701

Other entries in this series include:

Maryellen Garasky
Mortgage Broker
KMG Mortgage Group
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

Kootenai County, Idaho: Important Numbers to Know (Utilities)

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Wed, 04 Mar 2009 12:23:12 -0600

Kootenai County, Idaho: Important Numbers to Know

In this series, I will be featuring the photography of Tim Eberly. There is no one who better captures the essence of North Idaho!

No worries, I have his permission!

Utilities:

UNDERGROUND UTILITIES LOCATING SERVICE: 800-428-4950

* * * * * * *

CABLE / DIGITAL TV:

Time Warner Cable	667-5521
Dish Network	457-8077
Direct TV	888-866-3008

GAS & ELECTRIC:

Avista Corp.	800-227-9187
Kootenai Electric	765-1200

REFUSE & GARBAGE COLLECTION:

Cd'A Garbage Service	457-1820
KC Solid Waste	446-1430
Post Falls Sanitation	457-1820
Waste Management of Idaho	765-4968

TELEPHONE:

AT&T	800-222-0300
Verizon Communications	800-483-4000

WATER DEPARTMENT:

Alpine Meadows Water & Sewer	772-5313
Avondale Irrigation Dist.	772-5657
Bayview Water & Sewer	683-3948
City of Coeur d'Alene	769-2210
Dalton Water Association	772-5639
Hayden Lake Irrigation	772-2612
North Kootenai Water Dist.	772-3619
City of Post Falls	773-3511
City of Rathdrum	687-2700

Other entries in this series include:

Maryellen Garasky
Mortgage Broker
KMG Mortgage Group
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

Kootenai County, Idaho: Important Numbers to Know

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Wed, 04 Mar 2009 00:08:48 -0600

Kootenai County, Idaho: Important Numbers to Know

In this series, I will be featuring the photography of Tim Eberly. There is no one who better captures the essence of North Idaho!

No worries, I have his permission!

Local Governments:

Athol	30355 Third St, Athol	683-2101
Coeur d'Alene	710 Mullan Ave, Cd'A	769-2300
Dalton Gardens	6360 4^th St, Dalton	772-3698
Hayden	8930 N. Government Way, Hayden	772-4411
Kootenai County	501 N. Government Way, Cd'A	446-1000
Assessor		446-1500
Building		446-1040
Planning		446-1070
Recorder		446-1480
Surveyor		446-1570
Treasurer		446-1005
Post Falls	408 Spokane, Post Falls	773-3511
Rathdrum	821 Main St, Rathdrum	687-0261
Spirit Lake	6159 W. Main St, Spirit Lake	623-2131
Worley	9936 W. "E" St, Worley	686-1258

Other entries in this series include:

Maryellen Garasky
Mortgage Broker
KMG Mortgage Group
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

In Defense of Adjustable Rate Mortgages (ARMs) - Yes, you read that right!

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Mon, 02 Mar 2009 19:45:18 -0600

In Defense of Adjustable Rate Mortgages (ARMs)
Yes, you read that right!

A few nights ago I was at a Wine, Women and Wealth meeting. The topic was mortgages and, thanks to my friend and colleague Erin Zasada (Financial Advisor at Wachovia/Wells Fargo) I had center stage.

Normally I would be all over the topic and ready and willing to give pointers and help in any way I can, but with the current economic climate, people are filled with worry and doubt.

To my pleasant surprise, the ladies had a mountain of questions, like "How can I pay my mortgage off early?" and the like. It was a great time to re-enforce the positive, dispel the negative, reflect on the what's happening in today's market and, of course, drink some wine ;)

* * * * *

At one point in the evening, the topic changed to Adjustable Rate Mortgages (ARMs, for short). All the ladies, as if on queue, started to complain express their concerns and fears in relation to ARMs. Such is the case when groups of people get together and talk about home loans these days.

But, to my surprise, one of the ladies present at the meeting said, "Ya know, I just have to say one thing. If people don't read their loan documents, it's their own darn fault. I have an ARM, and it's a great loan."

Yikes! My head spun around so fast I got dizzy! Who is this speaking? Who would dare insert dissension amongst the ranks?

She continued to explain why she liked her loan - for one, her rate is now LOWER than it was at the time she took out her loan. Noticing the opportunity to educate my fellow club members, I gave a brief tutorial on ARMs (but only after making a note to myself to check my loan documents when I got home - more on that later!)

* * For a brief tutorial on ARMs, CLICK HERE! * *

Remember my friend? After our Wine, Women and Wealth meeting, I went home and looked at my loan documents.

If my rate were due to adjust today......drum roll please......my rate would go DOWN!!!

LIBOR today = 2.12%

My Margin established at the origination of my loan = 2.25%

My new rate would be:
2.12 + 2.25 = 4.370%

Who says mortgages and wine don't mix?!?!?!

Maryellen Garasky
Mortgage Broker
KMG Mortgage Group
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

A Brief Tutorial on Adjustable Rate Mortgages (ARMs) in THREE easy steps!

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Mon, 02 Mar 2009 19:41:56 -0600

A Brief Tutorial on Adjustable Rate Mortgages (ARMs) in THREE easy steps!

STEP 1:

You typically see ARMs advertised as follows:

1/1, 3/1, 5/1, 7/1, 10/1
or
3/6, 5/6, 7/6, 10/6

What does this mean? In the former's case (3/1, for example), it means the loan is FIXED for the first 3 years and adjusts every 1 year after that.

In the later's case (3/6 for example), it means the loan is FIXED for the first 3 years and adjusts every 6 months after that.

STEP 2:

What if you get into your adjustment period? How is your rate determined?

Index + Margin = New Interest Rate

Every ARM is linked to an Index at the time of origination. Some to the U.S. Treasury, some to the LIBOR. These indexes change frequently. Furthermore, every loan is given a Margin at time of origination. This margin is a FIXED number and does NOT change. Add these two together and you get your new interest rate.

STEP 3:

All ARMs have CAPS, usually written as follows:

2/2/6
or
5/2/5

What does this mean? The first number is the greatest your rate can adjust at the initial adjustment. The second number is the greatest your rate can adjust at any subsequent adjustment period. The final number represents the greatest adjustment over the life of the loan.

* * * * * * *

We will use my real life ARM as an example:

In March 2008 I got a 3/1 ARM with 2/2/6 CAPS with an initial interest rate of 4.875%.
My loan is due to have its first adjustment in April 2011.
If my rate goes up at this point, it CANNOT go higher than 6.875%.
My loan will then adjust every 12 months after that, with the second adjustment being April 2012.
Over the life of the loan, however, my rate CANNOT go higher than 10.875%.

* * * * * * *

I know what you're thinking! 10.875% - eegad!!!!!!! And, you're right. Outrageous!

But, I have an ARM and my rate is about to go down!

Maryellen Garasky
Mortgage Broker
KMG Mortgage Group
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

"Goin' Green!" with the Hayden Lake Library on St. Paddy's Day

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Thu, 26 Feb 2009 17:02:37 -0600

"Goin' Green!" with the Hayden Lake Library on St. Paddy's Day

On Tuesday, March 17, 2009, the Hayden Lake Library will be conducting a FREE workshop on "Goin' Green!"

There will be a Master Gardener presenting and teaching about organic gardening and the importance of using sustainable materials.

The Kootenai County Solid Waste department will be present and able to answer any questions you might have about their recycling program.

Information will, also, be provided for kids and families on how going green can help save money!

There will be a short movie with popcorn and crafts for the little ones.

This program is open to all ages and NO registratiion is required.

Tuesday, March 17, 2009
4:00 - 6:30 pm
Hayden Library
8585 N. Government Way
Hayden, Idaho 83835

For more information, contact the library at 208-772-5612 ext. 120 or visit their website at www.ksalibraries.org

Maryellen Garasky
Mortgage Broker
KMG Mortgage Group
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

Music Walk: Let the Beat Move You...

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Fri, 20 Feb 2009 19:10:32 -0600

Music Walk: Let the Beat Move You...

Every fourth Friday from January - April, stroll through beautiful Downtown Coeur d'Alene and enjoy live music performances from some of our local favorites at Music Walk!

Visit supporting restaurants, shops, businesses and galleries with your friends and family!

A family-friendly, free event! Come and join us! 5:00 - 8:00 p.m.

Upcoming dates: February 27th, March 27th and April 24th, 2009.
Times: 5:00 - 8:00 p.m.
Location: Sherman Avenue in Downtown Coeur d'Alene.
Cost: FREE, including parking!

To read a review on most the supporting venues, CLICK HERE!

For more information: Please visit the Coeur d'Alene Arts and Culture Alliance website, www.artsincda.org.

Maryellen Garasky
Mortgage Broker
KMG Mortgage Group
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

Keep Your Goals in Mind When Refinancing! Don't be taken advantage of by an "Eager Beaver" Loan Officer.

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Thu, 19 Feb 2009 19:29:03 -0600

Keep Your Goals in Mind When Refinancing!
Don't be taken advantage of by an "Eager Beaver" Loan Officer.

I attended a Wine, Women and Wealth meeting last Tuesday night and the topic was mortgages. My friend and colleague, Erin Zasada (Financial Advisor at Wachovia/Wells Fargo) gave me the floor. Yikes!

Normally I would be all over the topic and ready and willing to give pointers and help in any way I can, but with the current economic climate, people are filled with worry and doubt. To my pleasant surprise, the ladies had a mountain of questions and it was a great time to re-enforce the positive, dispel the negative, reflect on the what's happening in today's market and, of course, drink some wine ;)

One question, which I love to get, was "How can I pay down my mortgage? I have a 30 year and want to pay it off in 15 years."

After corresponding via e-mail over the last few days, this is what I was able to outline for her:

Current rate on 30 year fixed:	6.250%
Current Principal and Interest Payment:	$1,650.13
Additional Principal Needed to cut loan to 15 years:	$647.76 per month!
TOTAL payment needed to cut loan to 15 year: (excluding taxes & insurance)	$2,297.89
Savings, if she were able to make additional payment each and EVERY month:	$297,023.40

Now, in interest of full disclosure, I am in the mortgage business. I wanted to see if I was able, at all, to assist her in achieving her goals and earn a paycheck at the same time. I was able to come up with the following (it's a 2 step plan, only one involving me):

* * * * * * *

The Action Plan - Refinance into new 30 year, Fixed rate (Step 1):

New Interest Rate:	5.125%
New Principal Balance:	$270,000.00
New Principal & Interest Payment:	$1,470.12

* * * * * * *

The Action Plan - Increase her monthly payment (Step 2):

Payment she will make:	$1,650.13 (what she pays now)	$1,700.13 (what she pays now + $50)
Term reduced by:	78 months	93 months
Total savings over life of loan:	$128,710.14	$153,462.09

* * * * * * *

Now, if she wanted to take this new loan and pay it off in 15 years, the payment she would need to make would be just shy of the payment she would need to make with the loan she has now. So, it would be a waste of her time and resources to refinance. So, I called her and asked what her "real" goal was:

to pay the loan down in 15 years?
to save some money in the long run (albeit not as much as the chart above clearly shows), but leave her payment where it is now?

She agreed that, although it would be nice pay her house off in 15 years, making an additional $647.76 each and every month is out of the question. She was happy with the options I laid out for her and we are closing her loan in a couple of weeks.

So, remember that when you are refinancing, you need to keep your REAL goal(s) in mind. It may not be possible to do everything you want, but by using a professional who has the same goals in mind, you are ahead of the game.

If you want an honest assessment of whether refinancing is a good option for you, please give us a call at KMG Mortgage Group. We will be happy to assist you, even if it means we don't close on a loan for you.

Best regards!

Maryellen Garasky
Mortgage Broker
KMG Mortgage Group
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

"Idaho Business Review" Calls on Me for Opinion on New First-Time Home Buyer Tax Credit.

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Wed, 18 Feb 2009 15:55:51 -0600

Idaho Business Review call on little 'ole me!

Yesterday I received a call from Dani Grigg, Staff Writer and Reporter for the Idaho Business Review. She was asking my opinion on the $8000 tax credit that is now available to first-time home buyers with the recent passage of the "American Recovery and Reinvestment Act."

I was happy to oblige. But, first, some background:

In 2008, the Bush Administration passed the "Housing and Economic Recovery Act of 2008" which included, among other things, a $7500 tax credit for first-time home buyers. However, the $7500 was not a tax credit in the true sense of the word, but a no-interest loan to be paid back to the Federal government. When word got out about how this "loan" was to work, excitement about it fizzled almost over night.

This week, however, President Obama has signed the "American Recovery and Reinvestment Act" which includes an $8000 (or 10% of home value, which ever is LESS) tax credit for first-time home buyers. All of my research regarding the issue gives me every reason to believe that this is a tax credit in the true sense of the word.

How?

According to CnnMoney.com:

"I will qualify as a first-time home buyer, and I am currently set to get a small tax refund for 2008. Does that mean if I purchased now that I would get an extra $8,000 added on top of my current refund?"

The short answer? Yes, Billings would get back the $8,000 plus what he'd overpaid. The long answer? It depends. Here are three scenarios:

Scenario 1:
Your final tax liability is normally $6,000. You've had taxes withheld from every paycheck and at the end of the year you've paid Uncle Sam $6,000. Since you've already paid him all you owe, you get the entire $8,000 tax credit as a refund check.

Scenario 2:
Your final tax liability is $6,000, but you've overpaid by $1,000 through your payroll withholding. Normally you would get a $1,000 refund check. In this scenario, you get $9,000, the $8,000 credit plus the $1,000 you overpaid.

Scenario 3:
Your final tax liability is $6,000, but you've underpaid through your payroll withholding by $1,000. Normally, you would have to write the IRS a $1,000 check. This time, the first $1,000 of the tax credit pays your bill, and you get the remaining $7,000 as a refund.

To read full article, CLICK HERE.

How do you qualify for this new tax credit?

Purchase a home any time between Jan 1, 2009 and November 30, 2009.
Have not owned a home in the previous 3 years.
Income limitations: $75,000 per year for Single filer, $150,000 per year for Married filers. (Even though partial credits may be given for individuals and married couples with higher income).
File it on your tax return.

So, what's my opinion?

I am glad to see that, unlike the previous measure passed, this is REAL money into the pockets of home buyers. They can choose to do with it what they want: make improvements to their home, re-invest, spend, pay bills, you name it.

And, even though the measure is supposed to make buying a home more attractive, I feel it's impact will be delayed, at best.

1 - Home buyers won't see this money until AFTER they have purchased a home.

2 - It does NOTHING to assist those individuals with down payment or closing costs.

3 - And, with underwriting guidelines getting more strict, 0% down loans are becoming a thing of the past - with the rare exception of USDA and VA loans, and maybe FHA loans with down payment grants. And, with several states tightening their purse strings, even down payment grants (though not impossible) are tougher to get.

So, my regard toward this measure is luke-warm at best. I hope that it will create a catalyst of interest in buying a home for those who show interest, but I'll have to wait and see.

Best regards!

Maryellen Garasky
KMG Mortgage Group
Mortgage Broker
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

Valentine's Choco-Celebration in Downtown Coeur d'Alene: Friday, Feb 13th

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Fri, 13 Feb 2009 16:46:49 -0600

Valentine's Choco-Celebration in Downtown Coeur d'Alene: Friday, Feb 13th

For all you love birds out there, take your Valentine to this year's Chocolate Walk offered by the Coeur d'Alene Downtown Association.

Who can pass up FREE CHOCOLATE?!

That's right, FREE Chocolate. All you need to do is stroll beautiful Downtown Coeur d'Alene and visit the participating retailers.

There will be everything from chocolate foundations to chocolate flavored wines, home made delicacies, imported chocolates and much, much more!

What a perfect time to shop the great businesses in Downtown Coeur d'Alene, Idaho.

Date: Friday, February 13th, 2009
Time: 5:00 - 8:00 p.m.
Location: Sherman Avenue in Downtown Coeur d'Alene
Cost: FREE

See you there!

Maryellen Garasky (self-subscribed Chocoholic and amateur photographer extraordinaire)
Mortgage Broker
KMG Mortgage Group
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

p.s. The photo above was taken by yours truly on one of my "Mother-Daughter" excursions with Gabrielle at Calypsos Coffee Company. To read about our local dining fare, please CLICK HERE!

Avoiding Frustration - How to Read a Good Faith Estimate: It's more than just a list of fees! ... part 3

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Wed, 11 Feb 2009 17:42:20 -0600

How to Read a Good Faith Estimate:
It's more than just a list of fees!

If you haven't read the first two installments on this topic, I encourage you to do so. They are quick reads and should help you understand the Good Faith Estimate (aka: G.F.E.) up to this point. Both links below open a different window.

How to Read a Good Faith Estimate ... Part 1

and

How to Read a Good Faith Estimate ... Part 2

In this installment we will discuss the following sections:

Section 900: ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE
Section 1000: RESERVES DEPOSITED WITH LENDER

Before we begin, let's have another look at the GFE. The sections being addressed in this entry are outlined in the red block below:

* * * * * * *

The items in these sections depend ENTIRELY on the kind of loan program you are getting.

* * * * * * *

Section 900: ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE

901: Interest for _____ days @ $_____ per day - By law, when you first make application, your Mortgage Professional must (let me reiterate that), MUST include 15 days worth of interest in this section.

* * * This is a Federal law and DOES NOT depend on where your property is located. * * *

902: Mortgage Insurance Premium - This section is reserved for "Up Front Mortgage Insurance" on an FHA loan.

903: Hazard Insurance Premium - This section is reserved for your "Hazard" (aka: Homeowner's) Insurance. Line 903 should have a dollar amount on it only if you have to pay a full year at time of closing.

For example, on a purchase transaction, your lender will require that you have a Hazard insurance policy in effect at time of closing. Insurance companies require that you pay in advance. This line is to set aside those fees.

On a refinance transaction, there would be a number on this line only if your policy is due to renew at time of closing.

904: Blank

905: VA Funding fee - If you are Military Personnel (past or present) and you are using your benefit, this line is reserved for the funding fee due to the VA. The fee is listed here to identify it, but is later rolled into the loan amount and funded into the life of the loan. The amount of the Funding Fee varies depending on whether you have used your VA benefit before, if you are disabled Military, etc.

Section 1000: RESERVES DEPOSITED WITH LENDER

Section 1000 is only filled out if your lender is going to be paying these items on your behalf (aka: an Escrow Account). In the states of Idaho and Washington, lenders will only allow you to pay these items yourself if you have less than 80% loan-to-value. Meaning, you owe 80% or LESS than what the property is worth.

1001: Hazard Insurance Premium - Homeowner's insurance

1002: Mortgage Insurance Premium Reserves - Monthly Mortgage Insurance, if applicable.

1003: School Tax - only if applicable. I have never seen this for Idaho or Washington.

1004: Taxes and Assessment Reserves - only if applicable. I have never seen this for Idaho or Washington.

1005 Flood Insurance Reserves - only applicable if your property is located in a Flood zone.

Blank Lines: Ask your Mortgage Professional about any items you see on these lines.

* * * IMPORTANT NOTE: * * *

Due to Federal laws, the greatest amount of reserves a lender
may hold in escrow at one time is 2 MONTHS.
Therefore, the greatest number you should ever see
on any of these items is 2 MONTHS worth.

They may hold less, but they CANNOT hold more!

* * * * * * *

To learn more about the GFE, please stay tuned for future installments in this series.

Maryellen Garasky
Mortgage Broker
KMG Mortgage Group
(208) 664-3600
(509) 638-3455
www.kmgmortgagegroup.com

When EXACTLY is enough, enough?

KMG Mortgage Group - Kevin & Maryellen, Idaho & Washington — Tue, 10 Feb 2009 17:05:03 -0600

Imagine, if you will, if our government were to use this money to payoff 90% of the mortgages in our nation. Ahh, feels good doesn't it? You can use that money for what ever you wanted - and it wouldn't be going into the deep pockets of CEO's who pay for $68,000 trash cans in their office. Ridiculous!

Please read the following post from our friends up North in Alaska...

Via Fairbanks Ak Real Estate Broker Jesse Clifton 907-699-6024 (Jesse & Kathy Clifton, REALTORS):

The news de jour today is that the US Senate is voting on yet another proposed economic stimulus package. Well, pardon me if I don't break out my pom-pom's and kazoo and shout hallelujah. I actually feel more like sitting on the curb, putting my head in my hands and saying a prayer the Capitol will suddenly fall into a giant sinkhole never to be seen again.

When do we say enough is enough?

"The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages..." from Bloomberg this morning.

$9.7 trillion! Enough to pay off more than 90% of the nations home mortgages?! Give me a break! We've already thrown countless trillions down the drain and yet we're no better off than we were before the first nickle was spent... some would say we're in worse shape.

We're borrowing against my grandchildrens generation... and at this rate their grandchildrens generation, to pay for a bill that will do NOTHING to stem the financial crisis.

It all began with housing and any recovery efforts need to be laser focused on housing. We can not and will not fix the financial crisis until the HOUSING crisis is addressed...

In the meantime our fearless leaders are focused on growing the size of the federal government and spending money like drunken sailors on shore leave. Forget giving the money and incentives to small businesses... you know, those folks who are the actual economic engine of this country.

"I'm from the government and I'm here to help" Yea, that's should work.