Mortgages

Affordability What Factors Impact Interest Rates for Home Buying in Minneapolis? 2 of the Factors That Impact Mortgage Rates If you’re looking to buy a home, you’ve probably been paying close attention to mortgage rates. Over the last couple of years, they hit record lows, rose dramatically, and are now dropping back down a bit. Ever wonder why? The answer is complicated because there’s a lot that can […]
Budget Understanding Your Credit Score Because of its prominent role in the home buying process, it’s important for buyers to understand what a credit score is, how it’s compiled and how to obtain their credit report.  There are many questions you may have and a few steps to take that relate to your credit score.  Just a few are: How […]
Budget Key Terms Every Homebuyer Should Learn [INFOGRAPHIC] Key Terms Every Homebuyer Should Learn Some Highlights Buying a home is a big deal and can feel especially complicated if you don’t know the terms used during the process. If you want to become a homeowner this year, it’s a good idea to learn these key housing terms and understand how they relate to the current housing market. That will help you feel confident when you buy […]
Buying 2 Reasons Why Today’s Mortgage Rate Trend Is Good for Sellers If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, their recent downward trend is exciting news for you. Mortgage rates have descended since last October when they hit 7.79%. In fact, they’ve been below 7% for over a month now (see graph below): And while they’re not […]
Buying What Lower Mortgage Rates Mean for Your Purchasing Power If you want to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month. Fortunately, rates for 30-year fixed mortgages have come down significantly since the end of October and are currently under 7%, according to Freddie Mac (see graph below): This recent trend is great news for buyers. As […]
Budget You CAN buy a home in Minnesota with less than 20% down! Courtesy of: GrammarPros
Budget Crucial First Step; Mortgage Pre-Approval A Crucial First Step: Mortgage Pre-Approval [INFOGRAPHIC] Some Highlights Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your ability to secure a loan, helps me write the best […]
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