Boise’s next generation of first time home buyers must step up and take control of their home loan process and take responsibility for the documents they are signing. Remember you are borrowing hundred’s of thousands of dollars and required to pay it all back.
Take the time to gather the information about the loan process and examine ALL of YOUR loan documents.
It is the loan officer’s duty to explain everything to all first time home buyers. If your loan officer doesn’t look out for you, no one else will, until it is too late. TAKE CONTROL!
Here are a few things to keep in mind when purchasing your first Boise Idaho home
- Make sure you have complete underwriter pre-approval, not just pre-qualified. In today’s fast moving purchase transactions, buyers need to be completely ready to go.
- Obtain a full credit report with all 3 bureaus
- Insist on a Good Faith Estimate upfront. A GFE has complete breakdown of all of the costs and down payment associated with the loan process.
- Print out your own loan application and fill it out. It will only take you 20 to 30 minutes. That gives YOUcontrol. Remember the HUGE COMMENTMENT you are about to make. Take the time to do it RIGHT!
- Do not do any unnecessary spending or obtain new credit. .
- I would recommend attending the Idaho Housing Authority First Time Home Buyer Class located at 5th and Myrtle.
- Make sure your first time buyer home loan is processed and underwritten locally here in Boise and your loan consultant is able to meet with you face to face at anytime if necessary. If your loan consultant is out of state, are your best interests a top priority?
Other Post like this one-
- The “New” Home Buyer Tax credit For Boise Idaho
- Boise Idaho First Time Home Buyers Mortgage Loan Application
- 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!
Guild Mortgage – Home loans Boise – Craig Ballhagen 208-713-3309
good article, i will add my feeds.