boise idaho real esate: The Return of the Adjustable Rate Mortages
- 04/24/15 02:07 AM
I am seeing an uptick in the use of Adjustable Rate and Hybrid Mortages and for good reason. Too many people used Adjustable Rate Mortgages in the past to leverage their purchasing power to buy more home than they could afford hoping their financial and property values would improve faster than the potential of the raising rate of their mortgage. Unfortunately, many of them since learned that hope is not an effective strategy. But, for the right consumer Adjustable Rate Mortgages can still make perfect sense. Americans are mobile and move to follow their job opportunities, their children, their parents or their dreams. … (4 comments)
boise idaho real esate: Why does it take roughly 30 days to close a home mortgage?
- 03/28/15 01:42 AM
I find it extremely frustrating that a person with good credit can buy this brand motor home with a MSRP of $280,230 and drive it off the lot the same day and who knows where it will be tomorrow. Yet to buy this home which which is stationary and typically appreciates instead of depreciates, it will take roughly a month for a mortgage company to process all the required paperwork and close!
Even in case of flood, fire or tornado, the motor home will be no where to be found and offer no collateral for the lender and … (5 comments)
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I am seeing an uptick in the use of Adjustable Rate and Hybrid Mortages and for good reason. 
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