MN Mortgage Matters

Do You Know How To Avoid The Four Most Common Mistakes Made When Buying A Home? Buying a home is one of the biggest purchases of your life and you want to be cautious that you don’t make any mistakes that you’ll regret later on. Here are the top four most common mistakes made when buying a home, ...

This Week’s Economic Outlook for MN In an attempt to speed up a solution for the European debt crisis, European economic officials met today in Brussels, the first of 2012. While many believe this meeting is a step in the right direction, others are hesitant of the outcome. While nothing has happ...

Housing Crisis Forecasted to End 2012 On Tuesday, Capital Economics announced that they expect the housing crisis to end in 2012. What makes them feel so confident? Loosening credit by banks. Currently, the average credit score for a new approved loan is 700, a figure that was much lower prior to...

8 Tips Towards Purchasing An Investment Home in MN It’s known that buying a home can be a secure option to invest in. And lately, many are taking advantage of today’s low rates and home prices to buy investment homes. If you’re thinking about getting another property, keep in mind the following 8...

Obama Proposes New Plan to Save Homeowners More Money Last night, during Obama’s State of the Union address, Obama proposed a plan to collect fees from large banks, in order to help fund more refinancings for underwater mortgagers. While the details were few, this could still have a potential imp...

Credit Scores vs. Neighborhood Watch The Federal Housing Administration is requesting lenders to relax their credit score minimums. Currently the average credit score on an FHA-insured mortgage is 700. If lenders allow a lower credit score to qualify for a FHA loan, more borrowers would be able t...

Home Buyers Feeling More Confident With 4.61 million existing-home sales completed in December, this 5% increase since November means that consumers are feeling more confident in the economy and moving forward with home purchases. With continually low mortgage rates, job growth and bargain home p...

Positive Economic Indicators Rates inched up last week after positive domestic and international economic news. We saw initial jobless claims fall to the lowest level in nearly 4 years, while showing minimal inflation risk with nearly no increase in the Consumer and Producer Price Indices. Abroad...

10 Reasons You Need a Buyer’s Agent Due to the age of the internet, you may think you’re able to find your dream home without the help of a realtor. However, here are ten reasons why you still need a buyer’s agent: 1. Convenient: Researching and scheduling showings can consume a lot of your time....

Real Estate Markets to Watch in 2012 As we start the New Year, everyone is trying to predict what 2012 will bring. With the real estate market having a tough couple of years, many wonder, will it begin to pick up this year? According to annual forecasts for market health, most anticipate that the...