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):

How much house can I afford?

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

Affordability is based on: your monthly mortgage payment + other monthly payments = <36% of your gross monthly income. Mortgage lenders will often approve higher; qualified mortgages allow up to 43%. Calculate how much house you can afford with a home affordability calculator. ‘How Much House Can I Afford?’ (The Definitive Guide) Updated with 2017 Industry […]

Low Down Payment Mortgage Options - FHA Loan vs Conventional Loan

Low Down Payment and First Time Home Buyer Programs 2017 Edition

100% FHA! Conventional 1% down mortgage + 2% down payment assistance! What are Low Down Payment, First Time Home Buyer Programs 2017? First Time Home Buyer Programs 2017 Edition What are the low down payment mortgage and first time home buyer programs available in 2017? VA still offers 100%, zero-down financing. But what if you’re not […]

First Time Home Buyer Class MN

First Time Home Buyer Class MN – Upcoming Classes!

First Time Home Buyer Class MN 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, November 8th, 2017 – An Essential Guide to Buying Your First Home (Edison High School) […]

fha 100 down

FHA 100% – 0 Down Payment!

FHA 100% If our 1% down payment + 2% lender contribution Conventional financing doesn’t work for you, it’s worth exploring our FHA 0% down option. No down payment required! FHA 100% program details – unlike other first time home buyer programs: You do NOT have to be a First Time Home Buyer – this program […]

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 Class: In this First Time Home Buyer Class Minneapolis, you’ll discover the newest mortgage financing options available in today’s market in a classroom setting. The class covers a variety of loan options, from down payments starting with zero […]

First Time Home Buyer Class Minneapolis

First Time Home Buyer Class Minneapolis – New Mortgage Programs @ Lake Harriet

First Time Home Buyer Class Minneapolis Mortgage Financing: An In-Depth Look at The New Mortgage Programs About the Class: This class is located at Lake Harriet Upper School in South Minneapolis, MN. In the class, you’ll discover the newest mortgage financing options available in today’s market in a classroom setting. The class covers a variety of […]

Questions to Ask Your Home Inspector during your Home Inspection

6 Questions to Ask Your Home Inspector during Home Inspection

6 Questions to Ask Your Home Inspector During Your Home Inspection by Guest Author – Kris Lindahl Getting a home inspection is very important. It can protect you from purchasing a home that has a lot of problems, or that costs more than it should, based on its issues. Sometimes home inspectors miss things, but […]

10 mortgage mistakes to avoid

Careful! Watch out for these Top 10 Mortgage Mistakes

Top 10 Mortgage Mistakes to Avoid! Do you want a successful, timely closing? Mortgage mistakes can be costly! Once you apply for a Mortgage, there are 10 things that you should be careful not to do during the mortgage process (or risk your loan not closing on time or at all!) When possible, try to avoid these mortgage mistakes: […]

Open Houses in Blaine MN

Open Houses in Blaine MN – February 2017

Open Houses in Blaine MN Looking for something to do? What better way to spend your time than looking at houses! Below are the upcoming Open Houses in Blaine, MN: View Pictures of the Open Houses in Blaine MN 4509 121st Avenue NE , Blaine, MN 55449 $479,900 2/8/2017 2:00 PM – 5:00 PM 4527 121st […]

Home Appraisal vs Home Inspection

Home Appraisal vs Home Inspection – What’s the Difference?

Home Appraisal vs Home Inspection What is the difference between a home appraisal vs home inspection? Are either required? This Real Estate Video features Dave Widell, REALTOR ®, with ReMax Advantage Plus. His office is located in Blaine, MN. Dave believes that your agent should be working for you, not their own bottom line. He can be […]

tax day tax deadline last day to file taxes

Tax Day 2017 – Ready or Not…

Tax Day 2017 Tax Day, love it or strongly dislike it, here it comes. This year, we have a few extra days to file, with a tax deadline of April 18, 2016 instead of the normal last day to file taxes of 4/15. Do you have to pay this year? If so, did you budget appropriately for that? […]

FHA lowering Mortgage Insurance January 2017

Is FHA lowering Mortgage Insurance? (Update)

FHA lowering Mortgage Insurance – Not Anymore… UPDATE! HUD previously announced on January 9th, they would lower FHA Mortgage Insurance. Information below for reference. Shortly after the new President was sworn in on January 20th, the Trump administration halted the MI reduction. Mortgage Insurance will retain their previous premiums per the January 20th, Mortgagee Letter. FHA […]