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 […]
FHA Loan Limits MN FHA loan limits are one of the FHA Loan Requirements. Related: Low Down Payment Mortgage Options – Conventional vs. FHA 2016 showed an increase in the Twin Cities Metro area for Single Family Homes, Duplexes, Triplexes, and Fourplexes. Median Home Sales Prices have increased in 2016 for Minneapolis and Saint Paul […]
Loan Officer? Loan Officer used to be the most popular job title for a person that originates home loans. There was a problem though, each loan officer chose their job title (or the Mortgage Company chose for them). Common ‘Loan Officer’ job titles were: Loan Officer (Most Popular) Mortgage Loan Officer (Helpful to know they work with […]
Breaking Mortgage News: Mortgage Rates Forecast – Increasing? Are Mortgage Rates Going Up? Mortgage Rates Forecast: The Federal Reserve has officially laid out plans to increase mortgage rates. If you’ve been on the fence about refinancing or buying a house, you may want to get off the fence before mortgage rates increase as soon as […]
Buying a house? Need a Home Loan? READ THIS FIRST Imagine for a moment, that you’re selling a home. You’re excited because you just received 5 offers! All the terms of the offer are *almost* the same except how the buyer is asking to purchase your home. Here’s a summary of their qualifications: Buyer #1: […]
Free Annual Credit Report UPDATE REGARDING YOUR FREE CREDIT REPORT: During these times of COVID-19, accessing your credit is important. That’s why Equifax, Experian, and TransUnion are now offering free weekly online reports through April 2021. Step 1 of How to Buy a House is to check your credit. But, even if you’re not buying […]
TRID – TILA RESPA Integrated Disclosure The new mortgage rules from the Consumer Finance Protection Board (CFPB) encompasses a lot of mortgage disclosure changes. TRID is the given name for those changes – an abbreviation for TILA RESPA Integrated Disclosure. Since there are so many changes with the new mortgage rules, we’ve written more than one […]
FOR IMMEDIATE RELEASE A TIP IS NOW REQUIRED WITH YOUR HOME MORTGAGE LOAN Minneapolis, MN, October 3, 2015 – Effective immediately, by consumer demand, a TIP is now required when you obtain a home mortgage loan. Borrowers knew that obtaining a home mortgage loan was expensive, but effective October 3rd, 2015 – the cost is […]
New Mortgage Rules – Know Before You Owe REALTORS®, please see TRID – TILA RESPA Integrated Disclosure “What are the New Mortgage Rules?” “What is Know Before You Owe?” Effective October 3, 2015, the Know Before You Owe new mortgage rules are officially in place. One of the biggest changes of the new mortgage rules is that […]
What is TRID? TRID – TILA RESPA Integrated Disclosure What is TRID? TRID is an acronym for TILA RESPA Integrated Disclosure. The new mortgage rules are effective October 3, 2015. If you’ve financed a home in the past, these new disclosures are very different. Find out more information in this quick, informational video, as well […]
What is APR? / What is Mortgage APR? [metaslider id=22] “What is APR?” This is an explanation of Mortgage APR, to calculate APR, see Mortgage APR Calculator instead. What is APR? If you’ve ever wondered: “What is APR?”, “What does APR mean?”, “How does APR Work?”, “What is the difference between APR and Mortgage Interest […]
