Like most businesses, the mortgage industry has its share of lenders & mortgage salespeople offering everything from “no closing costs” to “interest rates as low as____” so its no wonder we talk with so many people who just don’t know where to begin. If you’re reading this page you’re most likely looking for a quality …
Mortgage & Home Loans
Why FHA Loan Limits Matter
NAR has been telling lawmakers in Washington, DC how the FHA loan limits are helping with our economic recovery. Evidence shows that the increased FHA/GSE loan limits are providing a much needed infusion of stability, liquidity and security into the market.
FHA Loan Limits In Minneapolis Minnesota
What are the FHA Loan Limits In Minneapolis Minnesota? Like most cities, Minneapolis has loan limits for FHA loans that vary from county to county and also depend on the style of property you’re looking for. “FHA loan limits in Minneapolis Minnesota for 2013” can be found right here. Minneapolis is located in Hennepin County …
FHA Loan Requirements In Hennepin County
What are the FHA loan requirements in Hennepin County? Many home buyers today in Hennepin county are asking this question as FHA loans offer some very attractive terms. The FHA, or Federal Housing Administration, provides mortgage insurance on loans made by FHA-approved lenders. FHA insures these loans on single family and multi-family homes in the …
Buy and Bail’ Homeowners Walk From Mortgage
With many people seeing and feeling the equity being squeezed out of their home a trend that is happening in the housing market today are homeowners strategically planning to default on their loans. The twist: They first want financing to buy another property. This new fad has been coined “buy and bail” in the real …
Minnesota Zero Down Payment Loans
After the bubble burst one would have thought we would never see another zero down loan program but here we are with the new “Minnesota Affordable Advantage Program”. With all the bills we all have these days, credit cards, bills and the emergencies that come up to eat away at our savings who has the …
Mortgage Interest Rates For June 22nd 2010
Mortgage Interest Rates For June 22nd 2010 30 Year Conforming – 4.75% 15 Year Conforming – 4.125% 30 Year Jumbo – 5.625% 5/1 Arm – 3.75% 7/1 Arm – 4% FHA 30 Year – 4.75% Interest rates change often, sometimes daily so for a more accurate mortgage rate contact us here and we will pass …
FICO 08 Credit Scores
The new FICO credit scores labeled as FICO 08 should help those with small bumps fico 08 credit scoringon their credit record. Perhaps you have a late car payment or those unpaid parking tickets that are hiding in your glove box are giving you a problem and effecting your FICO credit score. Help is is …
2009 Interest Rate Start
And were off… 2 weeks into 2009 and the rates could not be better. When the FED announced on December 16th they would start the process to buy up $500 billion in mortgage backed securities in 2009 the market reacted with an incredible market upswing. Already in January 2009 we have seen rates at 4.5% …
Mortgage Bailout
The $700-billion financial industry bailout we have been hearing so much about became law Friday. While the new program could make a recession a little softer of a blow, and potentially even shorter, it will not stop the economic and housing downturns in their tracks, according to most economists. The economic package, which President George …