InterWest Mortgage blog
Practical articles from InterWest Mortgage on buying, refinancing and owning a home in Idaho.
97–108 of 115 articles
· Mortgages & Home Loans
Securing a loan to buy a home comes with quite a few steps and terms. From down payments (read our other blog on this here ) to DTI ratios (and another one here ), the terms and requirements can get daunting. With the…
Read article : How Earnest Money Works· Mortgages & Home Loans
Thank you for joining us for Part 2 on choosing local lenders vs national lenders. This topic is very important, and if you have any questions about using us for your situation, please reach out to us . This portion…
Read article : Local Lenders vs National Lenders – Part 2· Mortgages & Home Loans
When you’re in the process of buying a home , you’re going to be faced with numerous decisions. One important decision is whether to get your mortgage loan from a local company or to use a national company. To help you…
Read article : Local Lenders vs National Lenders – Part 1· Mortgages & Home Loans
In an Experian study from 2020, they found that the average American is about $92,700 in consumer debt. Consumer debt involves credit cards, auto and personal loans, student loans, and mortgages . If you have a large…
Read article : Is it Wise to use Home Equity to Pay off Debts?· Mortgages & Home Loans
We commonly hear about discouraged people renting for years as they try and save up a huge amount of money to buy a home simply because they listened to rumors. A full 20 percent down payment is not always the case.…
Read article : Do You Need a Down Payment to Buy a Home?· Mortgages & Home Loans
According to Realtor.com data , for-sale listings have increased across the US for the first time since June of 2019. This data is an indication that the national housing supply has finally hit a turning point. New…
Read article : Listings are Increasing· Mortgages & Home Loans
Reverse mortgages can be tricky, and it’s easy to get into a bad situation. You must be careful and ensure you understand the benefits as well as the risks before getting into one. A reverse mortgage is an option for…
Read article : Pros and Cons of Reverse Mortgages· Mortgages & Home Loans
The most common home loan in the US right now is a 30-year conventional fixed-rate mortgage , making up about 75% of all loans. These loans have an interest rate that stays the same throughout the entire loan life. It’s…
Read article : Is a 15-Year Mortgage Worth it?· Mortgages & Home Loans
We understand home shopping can be stressful, especially in the current market. With a little bit of prepping, you can change that experience from stress-full to stress-free. Here are nine great tips to help make the…
Read article : 9 Tips for Home Shoppers Today· Mortgages & Home Loans
Did you know that you can deduct your mortgage interest? Since December of 2017, homeowners can deduct interest on the first $750,000 of your mortgage. Simply add it to your tax return with an itemized claim.…
Read article : Tax Breaks for Homeowners· Mortgages & Home Loans
According to a U.S. News & World Report in March of this year , about half of homebuyers say affordability is their main concern when looking for a home in today’s market. The next biggest concern for most homebuyers is…
Read article : Affordability Concerns for Homebuyers· Mortgages & Home Loans
The real estate market across the country is still going strong in many areas. It’s more likely now for people to leave larger cities and head to rural areas as working remotely becomes more normal. This has created…
Read article : Mortgage Facts and Statistics in the US
