Minnesota FHA Mortgage
Updated Oct. 9, 2013
In Minnesota FHA mortgages have been the popular mortgage product for the last few years as FHA mortgages currently offer new home buyers the ability to purchase a home with as little as 3.5 percent down and an FHA mortgage in Minnesota usually has a lower mortgage interest rate than conventional mortgage loans. A...

Home Affordable Refinance Program 2 (HARP 2) - March 2012 Enhancements
Updated Oct. 9, 2013
The much anticipated Home Affordable Refinance Program 2 (HARP 2) is expected to be in full swing sometime in the middle of March 2012 making it much easier for underwater home owner to refinance their mortgage into current market mortgage rates. The two biggest guideline changes to the HARP 2 program include an...

Help For Underwater Minnesota Homeowners Through Government Home Affordable Refinance Program 2.0.
Updated Oct. 9, 2013
In Minnesota, the Home Affordable Refinance Program 2.0 has helped lower mortgage rates and payments for thousands of Fannie Mae and Freddie Mac owned mortgages. However, many Minnesota homeowners still don't know about the government program or are skeptical that the HARP 2.0 program can really help...

#MyRefi Home Affordable Refinance Program 3.0 (HARP 3) Mass Refinancing
Updated Oct. 24, 2014
The White House has rolled out a new social media campaign dubbed #MyRefi, which in essence is the Home Affordable Refinance Program 3.0 (HARP 3) mass refinancing program that is designed to help all underwater homeowners refinance their mortgage at current mortgage rates. As of today, August 29, 2012, the...

FHFA G-Fees Set To Raise Fannie and Freddie Mortgage Rates
Updated Oct. 9, 2013
The Federeal Housing Finance Agency announced they plan to increase guaranteed fees (g-fees) between November 1st and December 1st 2012.. G-fees are the fees that Fannie Mae and Freddie Mac charge mortgage lenders to guarantee loans that are sold to them.. Zillow.combelieves the increase in g-fees could...

Shopping For a Mortgage
Updated Oct. 9, 2013
When shopping for a mortgage there are a number of resources online to get an idea of what mortgage programs and mortgage rates are available. However, submitting your information online can leave yourself open to unwanted solicitations from lenders all around the country.. We have all seen websites out there...

When to Refinance Your Mortgage
Updated Oct. 9, 2013
How do you know when to refinance your mortgage? There are a lot of factors that go into refinancing your home that could save you thousands of dollars over the life of your loan. Here are my top three suggestions to consider when refinancing.. 1. Credit Score. Your credit score plays a large part when it comes to...

FHFA Making HARP 2 Loans Easier
Updated Oct. 9, 2013
The FHFA is launcing new representation and warranty framewokr making HARP 2 loans easier and more accessible for consumers.. The new changes will take effect on January 1st 2013 and will lessen the burden lenders face when a borrower defaults on a loan.. Under the new framework HARP 2 loans will be eligible for...

What Mortgage Is Best For You
Updated Oct. 9, 2013
When it comes to purchasing a home or refinancing your existing mortgage, determining what mortgage is best for you can be a difficult choice. There are a number of different factors you should take into consideration when obtaining a mortgage.. The most common mortgage program for home buyers, especially first...

Net Tangible Benefit of Refinancing Your Mortgage Worksheet
Updated Oct. 24, 2014
The Net Tangible Benefit Worksheet is a somewhat new form that is filled out and signed with every refinance application before it can be sent to underwriting. This document helps lenders and borrowers determine if there is a net tangible benefit for the consumer who is refinancing.. What the Net Tangible Benefit...

Minneapolis Housing Market As Of October 1, 2012
Updated Oct. 9, 2013
The�Minneapolis housing market�continues to be ripe for homebuyers looking to purchase a home during the fall of 2012. Traditionally, the fall and winter seasons throughout the�Minneapolis housing market�brings forward less competition which translates into lower sales prices.. According to...

Minneapolis Housing Market Update October 29, 2012
Updated Oct. 9, 2013
The Minneapolis housing market continues to improve for home buyers and home sellers alike as Minnesota mortgage rates remain near historic lows. However, a recent foreclosure report may weaken the Minneapolis housing market as the year wears on.New listings in the Twin Cities metro has posted positive gains...

Home Values Are Increasing In Minneapolis
Updated Oct. 9, 2013
Minneapolis home values have posted the 3rd largest gains in home values on a year over year basis according the the latest S&P/Case-Shiller Home Value Indicies with a 7.4 percent increase.. Additionally, the Minneapolis Area Association of Realtors have posted a 12.7 percent increase for the median sales...

What Information Should Your Loan Officer Give You When Refinancing?
Updated Oct. 9, 2013
When refinancing your mortgage it may be possible that your loan officer is keeping information from you that could help you when shopping around for the best mortgage.. Whether the purpose of refinancing is to take advantage of the Home Affordable Refinance Program, FHA Streamline or a cash out refinance,...

First Time Home Buyers
Updated Oct. 9, 2013
First Time Home Buyers have an opportunity to take advantage of historic low mortgage rates and low home values.. However, there is a lot of competition out there in the market currently making it a race to put in a good quality offer so that the home owner accepts your offer.. With winter season upon us here in...

Online Mortgage Rates
Updated Oct. 9, 2013
Mortgage lenders beware of posting mortgage rates online and borrowers beware of low mortgage rates and low APR's posted on the internet.. Legislation that was passed during the financial meltdown set new rules into place for anybody who is posting mortgage rates online.. Most places you can post mortgage...

HARP 2 Refinance Minnesota
Updated Oct. 9, 2013
I just got a borrower approved on a Freddie Mac HARP 2 refinance in Minnesota with a debt to income ratio over 6,000%.. I also recently closed a Fannie Mae HARP 2 refinance with a loan to value over 240%.. What can I do for you? Click her for more MN HARP refinance information..

HARP 3 Proposal
Updated Oct. 9, 2013
The HARP 3 proposal is being talked about even more as the fiscal cliff looms upon us, but will it become law?. HARP 3 will allow home owners whose mortgages are not backed by Fannie Mae or Freddie Mac to refinance their underwater homes into historic low mortgage rates.. The HARP 3 deal is not official yet but the talk...

Home Values 2013
Updated Oct. 9, 2013
Home values in 2013 are on their way up... No! They are on their way down... No! The are not going anywhere.. Even experts disagree on which way the housing market is headed in 2013. However, looking at the experts opinions on home values in 2013 may give you some insight into the market..

MN First Time Home Buyer
Updated Oct. 9, 2013
Minnesota first time home buyers have an opportunity to take advantage of historic low mortgage rates and home values at or near the bottom of a housing bust.. However, having a knowledgeable mortgage lender that has a variety or first time home buyer mortgage programs available can save you tens of thousands of...