Frequently Asked Mortgage Questions

Do you have mortgage questions?

Discover answers to some frequently asked questions, industry updates, and other relevant news. If you can't find answers to your real estate and mortgage questions here, please ask us!.

Frequently Asked Mortgage Questions (FAMQ's):

Low Down Payment Mortgage Options - FHA Loan vs Conventional Loan

Low Down Payment and First Time Home Buyer Programs 2019 Edition

100% FHA! Conventional 1% down mortgage + 2% down payment assistance! What are Low Down Payment, First Time Home Buyer Programs 2019? First Time Home Buyer Programs 2019 Edition What are the low down payment mortgage and first time home buyer programs available in 2019? VA still offers 100%, zero-down financing. But what if you’re not […]

How much house can I afford?

How Much House Can I Afford? Insider Tips and Home Affordability Calculator

‘How Much House Can I Afford?'(The Definitive Guide)Home Affordability Calculator Reveals what a Lender thinks you can afford AND how much House You can Afford based on what you Want to Pay per month.*Updated with 2017 Industry Rules/Guidelines*Buying a house? The first question is to determine how much you can reasonably afford. That is a […]

Meeting with a Mortgage Broker

Meeting with a Mortgage Broker – Free Online Consultation

Meeting with a Mortgage Broker We’ve always offered meeting with a Mortgage Broker options for in-person and over the phone, but sometimes in-person is preferred. When you want (or have to) stay in the comfort of your home, we’re offering online video consultations via Zoom. Please contact us to schedule a time. We’re happy to […]

First Time Home Buyer Class MN

Free First Time Home Buyer MN Class – Online Options! – Upcoming Classes!

First Time Home Buyer Class MN Upcoming First Time Home Buyer Classes in Minnesota: Please click on the Class Name for More Information and to Register for the First Time Home Buyer Class MN: Wednesday, June 10th 6:30 – 8:30 – Register for the First Time Home Buyers’ Class (Wedge Table’s Classroom) @ 2412 Nicollet Avenue, […]

tax day tax deadline last day to file taxes

Tax Day 2020 comes with Extra Time and Stimulus Check

Tax Day 2020 Tax Day this year comes not only with extra time, but for many people, it comes with a stimulus check! The IRS officially identifies the stimulus check as the Economic Impact Payment and has a page dedicated to the information you need to know about that stimulus check. Thankfully, most people don’t […]

First Time Home Buyer Class Minneapolis - New Mortgage Programs

First Time Home Buyer Class Minneapolis – New Mortgage Programs

First Time Home Buyer Class Minneapolis Mortgage Financing: An In-Depth Look at The New Mortgage Programs About the First Time Home Buyer Class Minneapolis: This First Time Buyer Class Minneapolis is on Monday, May 11th, 2020 from 6:30-8:30. You’ll discover the newest mortgage financing options available in today’s market, in a classroom setting. Down payments starting […]

First Time Home Buyer Class Minneapolis

First Time Home Buyer Class Minneapolis – How Much House Can I Afford

First Time Home Buyer Class Minneapolis How Much House Can I Afford in Today’s Market? About the First Time Home Buyer Class Minneapolis: This class is all new and located at Lake Harriet Upper School in South Minneapolis, MN now online! The class is on Wednesday, April 22nd, 2020 from 6:30-8:30 pm. Wondering how much […]

USDA Home Loan

USDA Rural Development Loans MN – 100% Financing

USDA Rural Development Loans MN : Zero Down, 100% Financing USDA Home Loan from USDA Rural Development. USDA Home Loan The USDA Home Loan is a popular option for home buyers desiring 100% Financing. USDA Rural Development assists approved lenders in providing low- and moderate-income households the opportunity to own adequate, modest, decent, safe and […]

Cash out Refinance Video

Considering a Cash Out Refinance? Video, Maximums, & Calculators

Cash Out Refinance Home values have been increasing lately, and that means equity! Did you know that having equity in your home provides an excellent opportunity for a cash-out refinance? What could you do with a little extra money? This 46-second video has some ideas: Would you use cash-out to finance your dream vacation? Pay […]

10 Questions You Must Ask Your Mortgage Broker or Lender

10 Questions You Must Ask Your Mortgage Broker or Lender Mortgage brokers and their lending partners are an integral part of the home-buying process for many prospective homeowners. Mortgage brokers work as the intermediaries between you as the homebuyer and the lender offering various mortgage options. While you can get a mortgage on your own […]

What is an Appraisal

What is an Appraisal on a House?

What is an Appraisal on a House? A home appraisal is used to determine the value of a house. It starts with a professional appraiser evaluating the home’s: Size Features Overall condition Additional considerations include: The Neighborhood What Similar Homes in the area have sold for in the past six months The home’s replacement cost […]

5 Mortgage Pre-Approval Tips to Get You Into Your Dream Home

5 Mortgage Pre-Approval Tips to Get You Into Your Dream Home Buying a home to call your own is a common financial goal among most adults. Home-ownership represents different things to different people. For many, it offers a sound strategy for accumulating wealth, while setting a steady foundation for the future. Purchasing a home is […]

How to Obtain a Mortgage Pre-Approval – The Step by Step Guide

How to Obtain a Mortgage Pre-approval The home buying game is cutthroat enough, so to get the best deal you can get, you’ll want every advantage possible. Something you may not have considered is a home loan pre-approval. Maybe you’ve never heard of a pre-approval, or maybe you stopped after getting a mortgage pre-qualification. Either […]