I have been getting a lot of questions from friends and clients why home loan interest rates aren't lower if the Federal Reserve is loaning out (printing money) at 0% interest to the big banks. Here is some feedback below from loan officer Ian Wright, from a recent conversation about why it seems … [Read more...]
FHA and VA latest mortgage servicers to relax standards
By Lillian Dickerson | March 31, 2020 The federal mortgage servicers recently joined Fannie Mae and Freddie Mac in offering alternatives to traditional appraisals and employment verifications. Late on Friday, the Federal Housing Administration (FHA) and the Department of … [Read more...]
Home Builder Guide for Buying and Financing Land, Lots, Acreage, and Construction Loans
Buying the land From vacant lot to your future home... You have found the perfect lot to build your home, but how do you purchase it and what are your financing options? If you are not paying cash, or using owner financing, the two main options are: LOT LOAN- Purchase a lot to build now or in … [Read more...]
Build Your Dream Home with an All in One Construction Loan
Simplify the path to creating your dream. With Banner Bank's All-in-One Custom Construction Loan, short term construction and permanent financing are conveniently rolled into one loan, and interest-only (plus taxes and insurance) payments are available during construction. For construction … [Read more...]
Buying Land with a Mortgage
Sure, owning a house is pretty cool, but sometimes you feel like you could do better. Take your hall closet, for example. It’s small, there’s no place to put linens and barely enough room for heavy winter coats. What’s it even good for? Your house has served you well, but you had no idea how awkward … [Read more...]
Mortgage Brokers vs. Mortgage Bankers
You’re just swinging in your hammock on a sunny summer day when an ad pops up on YouTube for home equity loans. It sounds like a pretty good deal and you have been wanting to put a pool in for years, but it’s a bank you’ve never heard of, and a quick message to your group chat reveals that no one … [Read more...]
