Boise Home Loan
5 Most Common Loan Types Listed below are the 5 most common loan types that are used to finance properties in the greater Boise area and surrounding communities of Eagle, Meridian, Nampa, and Caldwell to name a few. Conventional – A conventional loan is a mortgage loan that is not insured or guaranteed by a [...]
Adjustable-Rate Mortgage (ARM) – A loan with an interest rate that remains fixed for a period of time and then adjusts with market conditions on pre-determined dates. Amortization — The way in which a loan is repaid in installments of principal and interest, according to a regular schedule, over the life of the loan. Appraisal—A [...]
The Federal Housing Adminisrtation has increased monthly mortgage insurance premiums effective April 18th, 2011. The increase is up .25 basis points from .90 to 1.15. What does this mean for a future homebuyer wanting to do an FHA loan? An increased monthly payment. Here’s how it is calculated using a hypothetical purchase price of $100,000: [...]
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Over the last two decades Academy Mortgage has grown into one of the largest independent mortgage companies in the West. Founded in 1988, our reputation for outstanding customer service has allowed us to grow into a thriving mortgage lender. We have some distinct characteristics that allow us to provide advantages to our customers. First and [...]
