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):

FHA Loan Limits 2021

FHA Loan Limits MN 2021 – Updated!

FHA Loan Limits MN FHA loan limits are one of the FHA Loan Requirements : Related: Low Down Payment Mortgage Options – Conventional vs. FHA 2021 showed an increase in the Twin Cities Metro area for Single Family Homes, Duplexes, Triplexes, and Fourplexes – Median Home Sales Prices have increased in 2021 for Minneapolis and […]

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: […]

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 […]

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 […]

Heat Wave equals Minneapolis Water Parks

Heat Wave = Free Entrance to Minneapolis Water Parks

Minneapolis Water Parks Just one more reason to love Minneapolis. Heat Wave = Free Entrance to Water Parks. Thank you Minneapolis! Even if it’s not a heat wave, Water Parks are a fantastic way to cool down in the summer. From the City of Minneapolis: ‘MPRB’s two water parks, Jim Lupient Water Park and North […]

15 Year Mortgage Rates

REALTOR ® asks for 15 Year Mortgage Rates

REALTOR ® asks 15 Mortgage Lenders for 15 Year Mortgage Rates – Here’s what happened: I have to admit, we don’t go around calling other mortgage brokers to check their rates. That would be awkward. ‘Uh, hi, we’re another Mortgage Broker and I was just wondering how we compare to your mortgage rates.’ It just doesn’t happen. […]

15 Year Mortgage Rates Challenge Rules

15 Year Mortgage Challenge – The Rules

15 Year Mortgage Challenge – The Rules With Mortgage Rates as low as they are, we thought it would be a good time to create a 15 Year Mortgage Challenge. Would you be able to slash at least 5 off your loan term by refinancing to a 15? Here are the rules: Monthly payment must be the […]

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 […]