Boise, Eagle and Meridian real estate and homes for sale in Idaho - The Tim Burroughs Group, REALTORS® The Tim Burroughs Group REALTORS(r) for Boise, Eagle and Meridian, Idaho real estate - NUMBER1EXPERTS™ The Tim Burroughs Group NUMBER1EXPERTS(tm) for Boise, Eagle and Meridian, Idaho real estate
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Mortgage Prequalification: Boise, Eagle and Meridian Idaho home buying, real estate listings, and homes for sale in Ada County, ID
Boise Idaho Real Estate Home Page > For Buyers > Mortgage Prequalification ...


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Don't Go Shopping for a New Home Before You Know Exactly How Much You Can Spend! 

You might have an idea of the loan payment and mortgage you can afford. But will the bank feel otherwise? It's always best to pre-qualify for a mortgage so you know exactly how much a financial institution would be willing to lend you. 

In the pre-qualification process, you will find out: 

- Exactly how much home or land you can afford. 

- How much cash you will need for the down payment. 

- The minimum down payment, and advantages of higher down payments. 

- What the bank feels you can afford for a monthly payment. 

I help buyers pre-qualify for mortgages every day. Simply fill out the form below to get started. 

Remember: I will respect your privacy! I know this is your personal information, and I will not distribute it to anyone, other than to my preferred mortgage broker. This service is also provided free of charge, without any obligation on your part. It is part of my job as top Boise, Eagle and Meridian real estate agent to offer services such as these. 

Once you fill out the form, I will quickly process your information and get right back to you! 

I can help you pre-qualify for your mortgage. It's my job! This is free and without obligation... 

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Real Estate Tips
Financing Your Home >The Margin on an ARM

When you are shopping for an Adjustable Rate Mortgage, the important thing to consider is the margin. Each time your loan is adjusted, the new interest rate will be tied to an index of Treasury notes. The margin is the percentage point above that index where your rate will be set.

Let's suppose that you have a one-year ARM with a 2.5 margin. Your initial rate was 7.5%, and during the first year of the loan, the index of 1-year Treasury notes was at 6.25%. The rate for the second year of your loan would be adjusted to 8.75%. With a margin of 2.75, it would increase to 9%. Some lenders offer lower initial rates with higher margins. In this case, the subsequent rates could be higher after the first year, than if you chose a higher initial rate with a lower margin.

If you are confused by the various mortgage offers, ask a professional mortgage broker to sit down with you and show you how it works. Today the rates and different financial possibilities are so variable that it is a good idea to talk to a mortgage broker--they usually know where the best rates can be found.

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Real Estate Trivia
Q 
Where is the world's largest mud building?

A 
The Grand Mosque in west Africa measures 328 feet long and 131 feet wide, and has been carefully maintained for centuries by local craftsmen, especially during the rainy season.
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The Tim Burroughs Group, REALTORŪ, real estate agents and broker for Boise, Eagle and Meridian Idaho home listings, property and land for sale - NUMBER1EXPERT(tm)

The Tim Burroughs Group
Keller Williams Realty-Boise

1065 S. Allante Place
Boise, ID. 83709
Office: 208-938-8800
Cellular: 208-409-7653
Toll Free : 800-330-4237
Fax-Long distance: 800-330-1376
Fax-Local: 208-938-8731
Email: tim@timburroughsgroup.com

Your best interest is our #1 priority. My team and I put our clients first by delivering the highest quality, client-based services available, including great communication, expert negotiations and outstanding follow-up. When you want it done right, you need to call The Tim Burroughs Group of Keller Williams Realty-Boise. With our extensive background in lending, real estate appraisal, and over ten years of real estate sales and service experience, we are thoroughly prepared to give you what you expect and deserve - exceptional care and superior service.

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Keller Williams Realty-Boise real estate and homes for sale in Boise, Eagle and Meridian Idaho

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