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lori swanson: It's going get tougher to get a home loan in Minnesota - 01/11/07 09:03 AM
And it's not entirely a bad thing.  While the real estate market has had a boom over the last five years, mortgage lenders have been looking for ways to GIVE away money.  "Exotic" loans have become the buzz word in the mortgage industry.  These are the interest only kinds of ARMS that lower the monthly payments of the borrower.  These loans have made it possible for more people to quality for homes.  I'm not a mortgage officer, but here is what I have seen happen.  I have been meeting people who have been in there homes for 2-4 years, were unlucky enough to work … (17 comments)

 

Lisa Dunn www.TwinCitySeller.com

Minneapolis, MN

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Edina Realty

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Lisa Dunn is a Realtor in the Minneapolis St. Paul area who offers some thoughts for your review.


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