Mortgage Insurance

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Mortgage insurance is an insurance policy that protects the lender if the buyer defaults on a home loan.  This insurance policy is required on conventional mortgage loans any time that the down payment or equity position is less than 20% of the value or purchase price of the home. While this option adds expense to […]

Appraisal

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Most mortgage loans on residential homes require an appraisal.  An appraiser helps a lender verify the property value independent of anyone that is an interested party to the transaction on a purchase or refinance mortgage loan.  For a buyer that is buying a new home an appraisal can also be a good thing to have […]

Down Payment Assistance Options

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Often the biggest hurdles in buying a new home is saving enough money for a down payment. What if I told you that it is possible to buy a home for less cash than what most rental and property management companies require for a deposit? Well, it’s true! Idaho housing has two options for down […]