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 max qualify 5 worksheet

Conventional, FHA, VA or USDA?

It can be difficult to navigate the myriad of home loan options available today. Especially when different Mortgage Companies offer different mortgage programs. We just added a ‘How Much House Can I Afford Worksheet’ to our guide to help home buyers explore their home financing options. They can compare their personal budget versus Conventional, FHA, VA […]

Home Buying Checklist-Buying a house

Buying a House-Home Buying Checklist

Home Buying Checklist Trulia compiled a simple, stress-free, free printable to help prepare for buying a house! Download the Home Buying Checklist The checklist suggests to: Gather Financials Research Mortgages Explore Neighborhoods Make a Home Shopping List Find an agent Start House Hunting Read the entire post.  

New Who to Call Housing Help Replaces Old Minneapolis 311 Poster Minneapolis

Minneapolis 311 Poster – Who to Call Housing Help Poster

Minneapolis 311 Poster – Replaced by Who to Call Poster! The old Minneapolis 311 Poster has been replaced, effective immediately, by  the new, Who to Call for Housing Help Poster. Different cities in Minnesota have different Landlord-Tenant Laws. One requirement in Minneapolis (besides obtaining a Minneapolis Rental License), is to display the “Who to Call for […]

VA Home Loan Benefits

VA Home Loan – Mortgage Confession

VA Home Loan Are you familiar with the VA Home Loan Guaranty Program? I was shocked to discover (from a recent VA survey) that 1 out of 3 Veterans are not familiar with it. Only available to U.S. Veterans, the Federal Loan offers many benefits, including: No Down Payment Required! (100% Financing for Eligible Veterans) Favorable […]

Debt to Income Ratio

What is Debt to Income Ratio? (DTI) – How much House can I afford Series

How Much House Can I Afford? – Home Affordability Series What is Debt to Income Ratio? (DTI) The Summary: Debt to Income Ratio is your monthly debt payments divided by your gross monthly income (expressed as a %). In the case of a home purchase, you would also include your new proposed monthly housing payment […]

2016 FHA Loan Limits MN

FHA Loan Limits MN 2016 – Updated!

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 […]

Underwriter-Approved Home Loan Minneapolis

Loan Officer – Home Loans

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 […]

Mortgage Rates Forecast Increasing

Mortgage Rates Forecast – Increasing?

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 […]

Published Low Down Payment Mortgage Options Featured

Published – Low Down Payment Mortgage

Mortgage Article Published – Low Down Payment Mortgage Options Another of our home mortgage news articles have been published. Originally from our “Low Down Payment Mortgage Options” articles, it was revised and published in Angie’s List. Check it out below:

MLS Mortgage Group Veterans Day Minneapolis MN VA Home Loan

Happy Veterans Day – Honoring all Veterans

Today, we honor all Veterans, for protecting us, our rights, our lives, and our freedom. Those that served in the past, those serving us now, and future Veterans that continue to protect our Freedom. We are thankful to live in a country that we have been given certain rights. Unfortunately, many of those rights did, […]

Underwriter-Approved Home Loan Minneapolis

Need a Home Loan? Increase Your Chances

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: […]