Category Archives: Mortgage Info

Do you really need 20 percent down on that home? Maybe notor maybe you can get help

You want a new home. You can make the budget work. Maybe you’ve even been approved for a mortgage BUT you don’t have 20 percent ready for a down payment. All is not lost! House Logic recently ran an article … Continue reading

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Big news for borrowers

According to the Minneapolis Star Tribune… Wells Fargo & Co. has agreed to pay $85 million to settle civil charges that it falsified loan documents and pushed borrowers toward subprime mortgages with higher interest rates during the housing boom. So … Continue reading

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Minneapolis Home Tour with Benefits

The LiveMSP Buying Into the City Home Tour will take place on Saturday May 14th, from 11- 3 in North and South Minneapolis neighborhoods. The starting addresses for the tour are 3835 Fremont Ave N and 4048 5th Avenue S. … Continue reading

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Appraisal Issues

The Minneapolis Star Tribune has an interesting article about appraisals – who can make them and what that means. The Minnesota Legislature is working on rules that would change the current arrangement allowing agents to determine a home’s value. The … Continue reading

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Best Loan Program Ever

Have you ever heard of a loan program in which there is no need to have excellent credit to get a low interest rate, no down-payment, no closing costs, and where the seller concessions to the buyer are unlimited? The … Continue reading

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FHA changes

RISMedia recently reported… As part of ongoing efforts to strengthen the Federal Housing Administration’s (FHA) capital reserves, FHA Commissioner David H. Stevens announced a new premium structure for FHA-insured mortgage loans increasing its annual mortgage insurance premium (MIP) by a … Continue reading

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The issues with mortgage payers

We read too often about the foreclosures of homes – but what about the folks who are making payments to houses that are no longer worth what they owe? RISMedia posted an interesting article today on the impact that mortgage … Continue reading

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Home sales rise

After a summer of bleak reports, home sales actually rose in September. It doesn’t means that the market as quite turned around but it’s a step in the right direction. According to the Minneapolis Star Tribune… The Commerce Department says … Continue reading

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Is it OK to walk away from a mortgage?

According to a recent report by Pew Research Center… A majority of Americans say it is “unacceptable” for homeowners to stop making their mortgage payments and abandon their homes, according to a Pew Research Center survey. But more than a … Continue reading

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5 Tips for Deciphering Your Home Loan’s Good-faith Estimate

Knowing how to read your good-faith estimate can help you save money on your home loan. When you’re shopping for a mortgage loan, it’s sometimes hard to understand the jargon lenders use in the good-faith estimate explaining the costs and … Continue reading

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