HOW TO FIND THE BEST POSSIBLE MORTGAGE 
Six Questions to Ask A Lender

Getting a Mortgage in Mountain Home Idaho is no different than what you'll experience just about anywhere else in the country.  Interest rates,terms and loan requirements are competitive with other regions and with online lenders.

Preparing a few questions before the loan interview will not only save you money but make you an active participant in the process.

1. What are the most popular home loan programs in the area and which of these would be best for my particular circumstances?

2. Do you qualify for one of the lower interest rate or lower down payment programs?  Ask about the Idaho Housing and US Rural Development loan programs.

3. With conventional financing determine if you'll need private mortgage insurance (PMI) and, if so, how much will it cost and for how long will it be required?  

4. How long is the loan lock-in period (i.e. the length of time that the quoted interest rate will be honored)? Will I be able to obtain a lower rate if rates drop during the lock-in period?

5. What are the total loans fees and are there any charges or penalties for prepaying the loan?

One Final Recommendation  Use a local lender.  They're familiar with Idaho lending requirements, are immediately available to assist you and can offer loan programs that out-of-state lenders cannot.  Don't jump at the "great deals" offered by some of the online lenders without first checking to see if similar programs are offered locally.  

Jan DeGiorgio - Associate Broker
Century 21 Southern Idaho Realty
Mountain Home, ID