Pacific Northwest Real Estate Blog

A recent survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today.

1. Down Payment

The survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 36% think a 20% down payment is always required. In actuality, there are many loans written with a down payment of 3% or less. Here are the results from a Digital Risk survey done on millenials.

2. FICO Scores

The Ipsos survey also reported that two-thirds of the respondents believe they need a very good credit score to buy a home, with 45 percent…
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We at Joel Pearl Group are very excited to have launched our updated website! Our goal is to provide you with the ultimate online real estate experience. As such, our comprehensive, easy to use site is now your one-stop shop for Coeur d'Alene real estate,whether you’re selling or buying a home. Below you’ll find just some of the new features our redesigned site has to offer.

Powerful IDX Search Features

Our advanced search features allow you to search just like a real estate agent, finding exactly what you need quickly and with minimal effort. You can customize your search to be as broad or refined as you prefer, searching by city, property type, even lot size or MLS® number. Keep track of your favorite listings and save your

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Do You Have Equity on Your Side?


When the housing bubble burst, home values plummeted, sending many mortgages underwater. Thankfully, the tide has turned: According to RealtyTrac, negative equity rates are at their lowest level since peaking in 2012.

• As of the end of the third quarter, 16.9 percent of U.S. homeowners with a mortgage are underwater, down from a peak of 31.4 percent in 2012 Q1.
• The negative equity rate is less than half of its peak value in 23 of the largest 35 metro areas.
• Negative equity is forecasted to fall further, projected to be 15.2 percent in 2015 Q3.
• 1.9 percent of homeowners with a mortgage remain significantly underwater, owing more than twice their homes’ value.

A word of advice: Don’t try to figure out

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