Loan Max – VA Loan Limits and Conforming Loan Limits Loan Max Updated and Increased for 2021 – although the US Department of Veteran Affairs does not set a limit for VA Home Loans – most lenders do set limits and the VA Home Loan limits match Conforming Loan Limits. See VA Loan Benefits. Conforming Loans […]
24 Steps to Obtain the Lowest Rate BEFORE Applying for a Home Loan – The Ultimate Insider Guide (Complete with Resources!): How-To Shop Home Mortgage Lenders Save Tens of Thousands on Your Home Mortgage (Plus Bonus Home Loan Toolkit Download!) BEFORE you apply for a home loan and shop home mortgage lenders, review the guide below […]
Private Mortgage Insurance It’s easy to think of Mortgage Insurance as an unnecessary evil since it only protects the lender. Decide for yourself: Quick Facts Private Mortgage Insurance is required when you have a Conventional loan with less than 20% down payment. Abbreviations are often used in the industry: MI for Mortgage Insurance PMI for Private […]
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: […]
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 […]
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 […]
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: […]
For those that enjoy graphs and charts, it’s interesting to see the comparison of home prices, worker’s pay, rents, inflation, and mortgage payments. The housing market in much of the nation seems to be in a Goldilocks moment, neither too hot nor too cold, with low mortgage rates an added bonus. Source: After an Era […]
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 […]
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 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 […]
