Idaho Mortgage qualifications

Before getting too excited about purchasing a new home, take the time to make sure you are qualified for a Idaho mortgage loan.

Home buyers are still committing themselves to a Idaho real estate contract before they have had their qualifications reviewed by a local Idaho home loan consultant.  Idaho mortgage guidelines a constantly changing.  Home buyer really need to take the time to be informed and know the basics. 

All home Idaho mortgage loans are evaluated using three basic qualifying categories : credit, employment and liquid assets. These areas must be addressed and documented.  Home buyers should take the time to complete their loan application themselves and take control of their own home loan process. 

Credit report – All Fannie Mae residential credit reports consist of three scores.  The middle score is what is used for Idaho mortgage classification.  If a home buyer has a mid score of less than 580, they are not ready to buy.  If the mid score is above 580 and less then 640, a 3.5% down payment is required.   If it is above 640, home buyers can apply for an Idaho Housing grant program for the 3.5% down payment.  Credit scores above 700, home buyers are qualified for the Idaho Housing "Good rewards" program.  There is much to consider when applying for these programs.  Schedule an appointment with your local loan officer to review all Idaho Housing details.  

Employment- Two years is the magic number.  Home buyers will need to have atleast 2 years in their line of work.  The 2 years can be with different companies.  Again,  consult a Idaho mortgage representative for all of the details.

Assets- All monies used for a down payment must be verified and in the bank for 2 months.  FHA loans allow gifting from relatives.   Gift funds must be completely documented including a gift letter stating no repayment of the funds by the giftor.  Sometimes the seller pays for all closing costs,  if not, those funds must also be documented.  And finally,  contact your loan officer for all asset requirements. 

Boise Home Buyers and Upfront Loan Disclosures

Private Mortgage Insurance Really Stinks!

Boise Idaho First Time Home Buyers Mortgage Loan Application

Boise Home Buyers Calculating their First Mortgage Payment

Tips For Boise First Time Home Buyers

Guild Mortgage Idaho– Idaho Mortgage – Craig Ballhagen 208-713-3309

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis

To learn more about Guild Mortgage and myself please visit my other site for a Idaho mortgage

“How can you have any pudding if you don’t eat yer’ meat?” (Pink Floyd).   It seems, these days, most people don’t want to eat their meat and just go straight for the pudding.  Everybody wants a “short cut” and nobody is willing to put in the time and sacrifice.  From dieting to spending habits, quick fixes are not the answer.

We continue to eat anything and everything, and at the end of the day, take a “pill” and do it all over again tomorrow.  This strategy will never work in the long run.  The only weight loss solution is to EAT LESS FOOD.  This is much too simple for some and they think that their situations are “different” and their problems are much more complex; hence the reason for the “Magic Pill” or gimmick.   True weight loss is a change of lifestyle (sacrifice).  Most refuse to make the change and will continue to go down the same destructive path—year in and year out.

Spending habits are another aspect of people’s lives that can be very destructive and can even lead to divorce.

Once again, it all comes down to lifestyle and doing without. (once in a while won’t kill you).

I recently checked a person’s credit report and there were collection accounts for jewelry stores, flower shops and electronics.  That person has no business making these types of purchases. However, it is often justified by using the “I’m entitled to” or “I’ll worry about paying if off later” defense.   If all else fails, some use the “why not file for bankruptcy” reasoning. Most of the purchases people make are unnecessary junk that make them “feel good” for about 10 or 15 minutes.   What will it take for people to stop this insanity?

When it comes to mortgages, how many homeowners took tens of thousands of dollars of equity out of their homes with a cash-out refinance,  spent it on more “junk,” and are now singing the “I can’t make my payment” blues.   Once again, it all comes back to a change of lifestyle.  If a person doesn’t know how to budget, save and eat less food, then how can they possibly teach their children and future generations?

Something’s gota give.

Guild Mortgage – Boise Home loans – Craig Ballhagen                      208-713-3309

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis

Boise Idaho First Time Home Buyers definitely need to be very well acquainted with their residential credit report.

Ordering your first credit report is a great first step.  Knowing what is on your credit report way in advance, is a great way for Boise First Time Home Buyers to take control of their financial future and be proactive.

There are 3 different ways to get started.

Print out a loan application, and fax to 208-489-2809.

or scan and email. CBallhagen@GuildMortgage.net or you can email me your Full Name, Current Address, and contact information.  NEVER EMAIL YOUR SOCIAL SECURITY NUMBERS TO ANYONE.  I will contact you by phone and you can give that information verbally. or You can schedule an appointment and I can check your credit at that time. 

After that I will provide you with a full residential credit report, at no cost,  for your records and discuss any adverse accounts that you may have.

All residential credit reports provide a score from each of the 3 bureaus.  The mid score is number that will determine what programs and interest rates that will be available.  If the mid score is below 580, a home purchase is not a possibility at this time.  If the scores are above 740,  all financing programs would be available, assuming all other criteria is met.

Check today’s rates for Boise First Time Home Buyers or complete an E Application online.

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• No HVCC for Boise Idaho First Time Home Buyers
• Boise First Time Home Buyers Leverage Tax Credit
• Boise Idaho Home Buyers Free Credit Report
• Private Mortgage Insurance Really Stinks!

            Check Your

                      Now!

 Guild Mortgage –  Home loans Boise – Craig Ballhagen 208-713-3309

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis

To learn more about Guild Mortgage and myself please visit my other site.

Is there is any correlation between the percent of people who are late on their mortgage payments and the amount of calories consumed?
When a homeowner has problems making their mortgage payment at the end of a month, how short are they? Do they not have any money for the payment? Or is the struggling homeowner coming up just a few hundred short. With a mortgage payment of $1000, for example, that might only be $100-300.
If every month a consumer’s budget keeps coming up short, it is time a look at where the money is going.
One of the areas to look could be the monthly cost of food. Do you REALLY know how much of your paycheck is going into the fridge and eventually the mouth?
To keep things simple, a single person could break down their food costs to an average of $2.00 per meal eating at home. In one month that could be around 100 meals.
That equals $200 per month-eating at home-in a perfect world. Everyone knows people eat out at least 5-10 times a month. How much does that cost…an additional $50-150? I’m not suggesting NOT eating out, but being aware of how much you are spending doing it. That means your food cost could jump to the $300 or $400 level without really knowing.
If a person is a “big eater”, that $2.00 per-meal cost could easily double or triple, especially if a person is not a good grocery shopper. Now the “eating at home cost” goes to $400-600. The eating out cost could be an additional $300-400.
Wow! That is $1000 per month for just one person-just on food. Think of the cost for a family of four (with poor eating habits).
Much money is wasted. Imagine if a struggling homeowner could save their home AND cut their food budget in half. A person could really set themselves free. That’s empowerment! TAKE CONTROL OF YOUR BUDGET, MORTGAGE AND FINANCIAL FUTURE.

Guild Mortgage –  Home loans Boise – Craig Ballhagen 208-713-3309

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis

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Home at last!  Now that you have moved into your new Boise Idaho digs, you will need to keep your castle in tip top shape.  When it comes to maintaining your property, it really make sense to use local Boise businesses that have a local reputation.  Using any of these companies will be a good choice.

Carpet and House Cleaning Services

• Matt Orem  with Maid Brigade              208-685-0639  Boise Idaho
• Lucy with Lucy Spotless Cleaning   209-284-9734

Locksmith

• Anytime Lock and Key     208-375-3120 Boise Idaho
• I need one more locksmith who likes to social network -thanks      

Handyman

• Doug Ploss  with Boise Handyman Service     208-859-9082
• Bruce Mayfield with River Valley Handyman and Construction     208-713-3126  Boise Idaho

Window Cleaning

• Brian Hoyt or Beth Straker with Poor Man Window Cleaning    208-284-2401
• Greg Reid with Sunshine Window Cleaning     208-461-9685 
• Clear Impressions Window Cleaning   208-249-6748 

Heating and Cooling

• Ival with Western Heating & Air Conditioning   208-375-6161
• Ameri-Serv, Inc. Heating & Cooling – Boise call Tamara 208-342-4328   Facebook  Twitter
• Martin Johncox with YMC Heating and Cooling   208-888-1727   Facebook    Twitter

Lawn Care

• Bj and Jake Wright with Wright Lawn Care  208-475-4724
• All Pro Lawn Service  208-869-2999

Painters

• Chris with B & K Painting  208-861-7327   Boise Idaho
• Steve with Clearwater Painting & Restoration  208-629-8763

Plummers

• Mr  Rooter Boise      208-888-1998    Twitter

Boise Renters Tip #1  -   Boise Renters Tip #2         Boise Renters Tip #3   

These Boise Idaho based businesses are also involved with social networking and encourge you to join them!

Please take the time to give these local Boise companies a call- thank you

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis

Guild Mortgage – Boise Home loans – Craig Ballhagen 208-713-3309

Welcome to your Boise Idaho  home!   Once your have been in the City of Trees for awhile and are now all settled in,  it is time for some house hold chores and a little upkeep.  

The Boise companies that I list on the directories are all local Treasure Valley businesses.   Many have been in their profession for years and understand the value of new relationships.  Every company referred has an obligation to take care of their customers and deliver time and time again.  Please the consider the service experts below.

Carpet and House Cleaning Services

• Brandon Wright with Ultra Cleaning  & Restoration   208-887-4740   Twitter   Facebook
• Lucy with Lucy’s  Spotless Cleaning   209-284-9734   Boise Company

Locksmith

• Anytime Lock and Key     208-375-3120    Boise Company
• I need one more locksmith who likes to social network -thanks      

Handyman

• Doug Ploss  with Boise Handyman Service     208-859-9082  Boise Company
• Bruce Mayfield with River Valley Handyman and Construction     208-713-3126  Boise Company
• Handyman Connection  208-884-0074          Facebook

Window Cleaning

• Brian Hoyt or Beth Straker with Poor Man Window Cleaning    208-284-2401    Facebook
• Greg Reid with Sunshine Window Cleaning     208-461-9685   Boise Company   Facebook

Heating and Cooling

• Ival with Western Heating & Air Conditioning   208-375-6161       Facebook
• Ameri-Serv, Inc. Heating & Cooling –Boise call Tamara 208-34204328   Facebook  Twitter
• Martin Johncox with YMC Heating and Cooling  208-888-1727   Facebook    Twitter

Lawn Care

• Bj and Jake Wright with Wright Lawn Care  208-475-4724  Boise Company
• I need on more lawn care company that social networks

Painters

• Chris with B & K Painting  208-861-7327   Boise Company
• Steve with Clearwater Painting & Restoration  208-629-8763  Boise Company

Plummers

• Mr  Rooter Boise      208-888-1998    Twitter
• 2 Thumbs Up Plumbing and Remodeling Service contact- Joe Corcoran -208-891-1104    Facebook     Twitter

   Moving to Boise Tip #1           Moving Tip #2          Moving Tip #3      Moving Tip #4     

 Please take the time to give these local Boise companies a call- thank you

Guild Mortgage – Boise Home loans – Craig Ballhagen 208-713-3309

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis

Welcome to the Boise School District.

Here you will find outstanding schools in a district on the leading edge of education. We serve 25,000 students and employ 3,900 people, of whom 1,700 are certified staff. Our purpose statement of Educating Today for a Better Tomorrow symbolizes our commitment to provide the finest education possible for every student.

The Independent Boise School District of Boise City

District Services Center
8169 West Victory Road
Boise, Idaho 83709

Telephone (208) 854-4000
FAX (208) 854-4003

Who Do I Call?
School Maps & Locations | District Services Center Map
Administrative Office Phone List
Educational Services Phone List

Email Addresses
Please use the following convention to email our staff:
firstname.lastname@boiseschools.org

——————————————————————————————————————-

Guild Mortgage – Boise Home loans – Craig Ballhagen 208-713-3309

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis

What wonderful place Boise Idaho is!   There are so many things a person can do year-around.   The Treasure Valley of Southwest Idaho offers a huge variety of outdoor activities.  Ranging from the high desert to the south or the vast Frank Church wilderness area to the north.    Boise has that plus everything in between. 

  Biking

• George’s Cycle   Fairview-208-884-3115  State 208-853-1964 

                          -The mission of George’s Cycles is to share our passion for cycling.

• Idaho Mountain Touring    was established in 1984.  208-336-3854          Facebook
• Brundage Mountain Resort - Lift Served Mountain Biking    800-889-8320 Twitter  Facebook
• Bob’s Bicycles contact Vern Ward  208-322-8042  Facebook   Twitter  “Your Local Bike Shop Since 1979″

Winter Time Activities

• Bogus Basin   ski area - 45 minutes from downtown   208-332-5100   Twitter   Facebook
• Bogus Creek Outfitters      Sleigh Ride Dinners      208-887-7880
• Brundage Mountain Resort   - 110 miles north of Boise near McCall-  800-889-8320 Facebook  Twitter
• Idaho Winter  for all of your winter time activities    208-334-2470   Twitter
• Idaho Ice World Skating Rink    208-331-0044
• Pepsi Gold Rush Tubing Hill   – Bogus Basin    208-332-5100
• List of winter time activities in the State of Idaho -skating, tubing, skiing,
• Idaho Botanical  Winter Garden aGlow   208-343-8649

                                 SNOWPHONE: 1-800-all-snow

 White Water Rafting & Kayaking

• Idaho River Sports    208-336-4844  Where the Road Ends…….The Paddling Begins
• Cascade Raft and Kayak     208-793-2221  -   45 minutes north of Boise
• Brundage White Water   – Riggins- 800-889-8320   Twitter    Facebook

                                     Has been offering Idaho whitewater rafting trips since 1985,   

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If you are a -LOCAL- Treasure Valley business that social networks-please join!

Guild Mortgage – Home loans Boise – Craig Ballhagen 208-713-3309

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis

Too many people bought too much house for too many years.

Yes, the financial system almost collapsed because mortgage bankers and brokers told lies about loan terms and loosened standards in dangerous ways, and investment bankers packaged those loans into bonds that were far more toxic than ratings agencies predicted.

But the roots of the mortgage contagion lie with all of us and our desire to own just a bit more house.

So as the one-year anniversary arrives of our near financial collapse, it’s a good time to blow up a long-standing but underexamined maxim of real estate — that you should always stretch financially when buying your first home.

No one is quite sure who came up with this idea, though suspicions rest on real estate agents or kindly parents with the best of intentions who never expected that real estate prices could fall. Whatever its origin, the economists and financial planners I spoke with this week are almost unanimous in their rejection of it.

START WITH THE BASICS Let’s begin with some other standards, tried and true advice that served banks and borrowers well for years, until they forgot all about them in the race to write more loans and buy bigger houses. Put 20 percent down, so you have less of a chance of owing more than your home is worth if prices fall again. Get a fixed-rate mortgage, so the biggest part of your monthly housing bill remains stable.

CONSIDER YOUR INCOME The best case for stretching for a first house is that first-time home buyers in their 20s and 30s will probably see their incomes grow more quickly than older people buying their second or third home.

BOW TO UNKNOWNS This research is all well and good as long as you continue to work. But if you’re buying your first home before you have children, you may feel quite differently about work once you become a parent. And if you do, you may not want a mortgage boxing you in to going back to the office three months after the baby is born.

MAP OUT EXPENSES It stands to reason that anyone tempted to stretch for a house will be inclined to play down the expense of maintaining it. These costs are anything but ancillary, though.

BUY BEST (OR CHEAPEST) All of these caveats have given rise to some unusual strategies. Michael Kalscheur, a financial planner with Castle Wealth Advisors in Indianapolis, suggests buying the dream house you covet (if you can afford it) or an inexpensive starter house but not anything in the middle.

STRETCH THE HOUSE Better yet, keep in mind that you don’t ever have to move from that first home — and incur all of the transaction costs associated with selling and buying and moving again.

THE EIGHT-HOUR RULE One rule about all of these rules is that it’s unlikely that every one will apply to every circumstance. Individuals and their income streams are too varied, and real estate markets are themselves unique.

Ron Lieber-New York Times Sat September 26, 2009

Guild Mortgage – Boise Home loans – Craig Ballhagen 208-713-3309

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis

Guild Mortgage Company is the leading privately-held mortgage company in the Western United States. We have lived, experienced, and proved our commitment to our customers and employees for more than forty years, through all kinds of markets, by creating partnerships for lasting success. We pair the resources of large companies with the accessibility and soul of a small company, to serve our customers’ needs. Our vision for Guild Mortgage Company is to build on our decades of success by seeking new opportunities for growth while keeping true to our history and values.

With over four decades of experience in providing loans, service, and expertise to homebuyers, Guild Mortgage Company upholds an enduring presence in the lending community. By strategically meeting the ups and downs of the real estate and financial markets, Guild Mortgage has remained steadfast in its mission to provide affordable home financing, unsurpassed service, and a dedicated workforce to meet our customers' needs.

Guild Mortgage Company was founded in 1960 as a home financing company for American Housing Guild in San Diego. In its first decade, Guild Mortgage Company provided residential mortgages to homebuyers in American Housing Guild's new home developments.

Guild broadened its range of services in 1972 by including resale mortgage financing. After decades of successful innovation and growth, Guild Mortgage Company is now a nationally recognized mortgage banking company with more than 40 branch offices serving homebuyers throughout the Western United States.

Contact Craig Ballhagen with Guild Mortgage Company in Boise Idaho www.myfirstboisehome.com

Guild Mortgage – Boise Home loans – Craig Ballhagen 208-713-3309

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis