Category Archives: Mortgage Info

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

Posted on December 16, 2015 by admin

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

Posted on July 20, 2011 by admin

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

Posted on May 14, 2011 by admin

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

Posted on March 24, 2011 by admin

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

Posted on March 9, 2011 by admin

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

Posted on February 18, 2011 by admin

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

Posted on November 5, 2010 by admin

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

Posted on October 28, 2010 by admin

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?

Posted on October 23, 2010 by admin

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

Posted on October 16, 2010 by admin

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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