mortgage lenders: How to shop smarter for your mortgage loan
- 12/06/18 10:20 AM
Minneapolis, MN: I get it. You are buying a new home, or refinancing your existing home mortgage, and are looking for the best mortgage interest rate. But buyer beware, the Internet is full of places to avoid. So here I'll give a little primer on the process, along with some common lender games, and tips on how to shop smarter for your mortgage loan.. The two most important shopping tool to understand are how mortgages work, from mortgage interest rates to closing costs, and that it isn't about the lowest mortgage interest rates, it is about the best overall deal for you. The best … (1 comments)
mortgage lenders: Checklist - Shopping for a mortgage loan
- 12/29/17 12:20 PM
Best CHECKLIST - Shopping for a mortgage loans Minneapolis, MN: Face it, few of us can pay cash for a home, so you are going to need a home mortgage loan. A little bit of information can go a long way into determining who to use for your financing and why. Mortgage Loan Types Most people will end up with one of the standard tranditional loans; a Conforming conventional loan (Fannie Mae or Freddie Mac backed), and FHA loan, a VA loan for our military personal, or a USDA Rural Development loan. These loans all have the exact same underlaying guidelines, no matter what bank, … (1 comments)
mortgage lenders: Beware of automated mortgage pre-approval sites
- 10/16/15 05:30 AM
It's 2015. I understand the daily advancements on computers, technology, and convenience. Popping up all over are sites that that claim the ability to "allows home shoppers to get pre-approved quickly and easily." Instant pre-approval sounds cool. But when it comes to home buying, potential home owners should be extremely wary of trusting any web site offering automated mortgage pre-approval tools. The Traditional Mortgage Loan ProcessThe traditional process is you complete a loan application. A real live person reviews the information, talks to you about your situation, uses knowledge and expertise to explore all avenues and issues. Then your file is run through … (1 comments)
mortgage lenders: Best Interest Rate or Low Closing Costs, which is better?
- 05/16/12 10:37 PM
Best Interest Rate or Low Closing Costs? One of the most confusing areas for consumers in a mortgage loan transaction are closing costs. There are advantages and disadvantages of the highly advertised no closing cost loans. First and foremost, there is no such thing as a zero cost loan! No one works for free! Everyone knows there are costs associated with getting a mortgage loan; appraisal, credit reports, state taxes, county recording fees, title companies fees, lender fees, escrows, and more. Someone has to pay these fees, and it is always YOU. How you pay them is you need to understand. … (2 comments)
mortgage lenders: New Government refinance options coming soon?
- 09/28/11 02:19 AM
Minneapolis, MN: Many reports have surfaced recently that the government is seriously considering a wide range of ideas to assist consumers in refinancing their homes loans owned by Fannie Mae and Freddie Mac to take advantage of today's amazing low interest rates. For a variety of reason, mostly to due to negative equity or current tighter credit underwriting guidelines, large numbers of these homeowners have been left to the sidelines. As a Mortgage Loan Officer, I have never fully understood some of the silliness in some underwriting guidelines, and have a few suggestions. If Fannie Mae or Freddie Mac (you … (0 comments)
Mortgage industry news and insights from a 15+ year industry expert. Mortgage are Real Estate News You Can Use.
Joe is a Certified Minnesota Mortgage Specialist, who provides home mortgage loans not only in the Minneapolis, St Paul area, but all of Minnesota and Wisconsin.
Minneapolis, MN: I get it. You are buying a new home, or refinancing your existing home mortgage, and are looking for the best mortgage interest rate. But buyer beware, the Internet is full of places to avoid. So here I'll give a little primer on the process, along with some common lender games, and tips on how to shop smarter for your mortgage loan..
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