7 Things An Idaho Real Estate Agent Should Know About Mortgage Approval

While many experienced Idaho real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied. New regulation, updated disclosures, appraisal guidelines, mortgage rate pricing premiums, credit score, secondary approval layering, rescission deadlines, property type,..

Understanding the FHA Mortgage Insurance Premium (MIP)

* Disclaimer – all information in this article is accurate as of the date this article was written * The FHA Mortgage Insurance Premium is an important part of every FHA loan. There are actually two types of Mortgage Insurance Premiums associated with FHA loans: 1.  Up Front Mortgage Insurance Premium (UFMIP) - financed into..

Making Sure Your Cash-To-Close Comes From The Proper Source

Providing proper asset documentation and the actual source of the funds is a critical element of the loan closing process. There's nothing worse in a real estate purchase than making it all the way through the hoops and hurdles just to have a loan denied after the final documents have been signed due to the..

Assembling Your Idaho Real Estate Team – Knowing The Players

Buying a new home is Idaho real estate team sport since there are so many tasks, important timelines, documents and responsibilities that all need special care and attention. Besides working with a professional Idaho real estate team that you trust, it's important that the individual players have the ability to effectively communicate and execute on..