Boise, Idaho VA Home Loans - Since 2001 &nbsp;&nbsp;&nbsp;&nbsp; (Veteran Owned And Operated)

Sr. VA Loan Specialist

360-571-LOAN 5626

Donation to Boise Vet Center

October 12th, 2011

Pat Johnston delivered our $200 check today to the Vet Center in Boise.Â Â They were extremely happy to receive the funds. We donate $100 on every VA purchase transaction we close In Ada CountyÂ in the Veteranâ€™s name to the Veterans Center. The center in Boise, ID, assists those Veterans coming home from deployment, and also those Veterans who served in prior years, in Â looking for employment, working on disability claim forms or any other help they might need. Â We look forward continuing with that cause and hopefully we are able to give them more money in the future in order to continue with those efforts.

Sr. VA Loan Specialist

360.571.LOAN (5626)

The Greenwald Team email

October 1st, 2011

One benefit of adding an email for the team is that everyone in the team gets the message and it will help the overall flow of communication in the office.Â The new email name is: TheGreenwaldTeam@Creeksidem.com which will enable distribution to everyone.Â Employees associated with title companies, real estate agents, and borrowers can use this email, and this way everyone will get the message and it will be dispersed properly. Ultimately it would prevent tasks from being delayed so the response will happen instantaneously.

Sr. VA Loan Specialist

360-571-LOAN 5626

Subordinating your second mortgage

September 1st, 2011

Our volume of IRRRLs (Interest Rate Reduction Refinance loans) for VA continues to increase due to market conditions.Â Last year it was impossible to do subordinations, in which a client kept their second mortgage as it is, while trying to refinance the first.Â In a subordination agreement, the second loan is not paid off but, the lender who holds the second mortgage agrees to keep your loan intact and remain in second lien position on your house. Getting a subordination allows you to refinance your first mortgage to lower your interest rate.Â We have had certain situations where people dropped their first rate but still have the second.

Sr. VA Loan Specialist

360.571.LOAN (5626)

Ada County present Real Estate market

August 5th, 2011

Overall real estate in the Ada County/Boise area was devastated in the past few years. It was hit much harder than most places in the United States due to the fact that we had such an increase in values in the early 2000s. We had further to fall than most places, since we had shot up so drastically due to the influx of population moving up from California because of our low prices. We took that nose dive in value, but it looks like weâ€™ve had some consistency in maintaining where values are at now. We are pretty close to what 2000 numbers were, and in my opinion, Ada County prices will probably stay steady over the coming year in 2011 and probably be on the rise quicker than most places that surround us like Seattle and Portland, whose markets fell after ours did. That is just my opinion, but that is what I see happening overall in Ada County

Sr. VA Loan Specialist

208-424-6770

www.VaLoanBoise.comÂ

VA Service-Connected Disability Claims

July 26th, 2011

Â We have come across quite a few people recently who have claims in to the VAÂ for VA service-connected disabilites waiting to purchase a home until the disability claim is awarded so they willÂ be exempt from the VA funding fee is a little-known secret out there that you are typically backdated to the filing date of your disability. If you do purchase a house in between that date, you will beÂ refunded the funding fee back from the VA.Â However,Â this is not always the best route to go because you technically donâ€™t get the money back in your pocket; it is given back to you to give back to the bank, so in reality you are financing the interest of that cost over the life of the loan. If you wait it is always the best scenario to do, but in that rare situation where you want to buy the house, donâ€™t let waiting for the disability awardÂ stop you from doing that.

Sr. VA Loan Specialist

360.571.LOAN (5626)

Creekside Mortgage New VA Logo “NW #1 VA Home Loan Experts”

July 18th, 2011

We changed our logo representing the fact that we are the number NW #1 VA Home Loan Experts. We really want to change our motto towards that, due to the fact that 90% of what we do now is just VA in Washington, Oregon, and Idaho. We can do all types of loan options, but VA seems to be the major factor of what Creekside Mortgage has been doing. The majority of employees that work at Creekside Mortgage are prior service, orÂ either had parents in the service or family members who areÂ Veterans. Our pride in continuing to specialize in VA will definitely be something we carry into the future.

Sr. VA Loan Specialist

360.571.LOAN (5626)

Chelsey Howard the New Member of the Greenwald Team

July 15th, 2011

We have a new team member today on The Greenwald Team to help facilitate VA transactions and make the process smoother. Jenn Stanford and I will continue to do more of the front-end production and setting the files up. Chelsey Howard will do more of the coordinating, making sure appraisals are ordered, and help overall with closing transactions quicker. Our main focus is to stand by our advertised 25-day close, which is almost twice as fast as anyone in the industry on a VA transaction. This makesÂ the consumer Veteran happy, the banks happy, the title company happy, andÂ the real estate agents happy. We welcome Chelsey Howard to the team and look forward to many years together!

Sr. VA Loan Specialist

360.571.LOAN (5626)

www.VALoanWA.com

www.OregonVALoan.com

Dodd-Frank Bill and the Mortgage Industry 3 Months in

July 1st, 2011

It has now been over three months sinceÂ the Dodd Frank Bill was enacted, affectingÂ the mortgage industry as a whole. The take on it from industry professionals is that it has made businessÂ much, much more difficult due to requirements to meetÂ the regulations. Many moreÂ man-hours are required just to comply with them. Now that we have seen the full effect of the bill,itÂ is clear it has affected two groups and two groupsÂ only-individual loan officersÂ who facilitateÂ the transactions, and the consumers themselves. From what we have noticed, interest rates about a quarter different in the negative, with a higher rate for the burrower. The loan officer is making about 15-20% less. The companies andÂ banks that the bill targetedÂ have not felt the effectâ€”the expenses just been passed toÂ the consumer.

Sr. VA Loan Specialist

360.571.LOAN (5626)