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minnesota mortgage broker: Minnesota Mortgage Broker - 08/04/10 12:35 PM
So, what does a broker do? Have you ever wondered? Well for starter-we find loan programs, match lenders with buyers, work through underwriting obstacles, and get everyone to the finish line (also known as the "closing"). Well, the NAMB has put out a great video explaining how we work. I thought it did a pretty good job explaining my work. I hope you like it. There's a lot more involved to getting a loan today to close. I try and make it as easy as possible for everyone. Call me next time you or a client need mortgage financing in Minnesota.
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minnesota mortgage broker: Fannie Mae HomePath for Minnesota Home Purchase|Minnesota Home Purchase|97% Financing MN Purchase|Purchase Foreclosed Properties in Minneapolis St Paul MN - 05/17/10 01:34 PM
Minnesota Low Down Payment Purchase for Primary Residence and Investment Property
97% financing for Primary Residence purchase in MN
90% financing on Investment Property purchase in Minnesota
Purchase of a MN foreclosed property owned by Fannie Mae
Down Payment can be from personal assets, gift, grant, or loan from a non-profit organization such as community programs that I have sourced throughout the Twin Cities and Minnesota.
Minneapolis and St Paul Minnesota mortgage offers low down payment financing for purchase of a foreclosed property. Call Patti Mazzara 952.285.4319 for more information on how you can purchase your primary residence or investment property using this low … (1 comments)
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minnesota mortgage broker: Down Payment Money with FHA Purchase in Brooklyn Center Minnesota - 05/13/10 01:45 PM
Purchase a forclosed home in Brooklyn Center, MN and receive up to $10,000 toward down payment and closings. This program is a perfect complement to the FHA loan program that requires 3.5% of the purchase price as down payment.
Highlights:
The borrower(s) must plan to occupy the home as a Primary Residence.
No Non-Occupying co-signers will be allowed with the program.
Borrower must not exceed the 31% housing 43% total debt ratios of the FHA program.
Borrower must not own other residential property.
Homebuyer education class must be attended to qualify.
Minnesota FHA 203K can be used with the Brooklyn Center Rehab loan of up … (0 comments)
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minnesota mortgage broker: A Short Sale, Foreclosure or Modification-Profits For Investors Are Different In Each Case - 02/13/10 03:38 PM
When you watch and digest the information below, you will soon see why people are mad as hell and cynical. It appears that the way part of the bailouts were structured, certain companys were able to have a FDIC guarantee against a loss. Was this the best way to structure the deal with the government-You decide.
Might there have been a BETTER way to solve our mortgage mess? Now the FDIC is back looking for more government dollars because they are running out of money.
http://www.thinkbigworksmall.com/mypage/archive/1/29027
Refinance your edina mortgage with us by filling out an online application. Of course, … (0 comments)
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minnesota mortgage broker: Minnesota Portfolio Loans At 90-98% Loan To Value STILL possible - 02/09/10 08:37 AM
On a rate and term basis-meaning just changing one or both of these variables we can STILL refinance your loan. If it saves you money, you should consider doing something SOON as the government has said they will stop "subsidizing" mortgages by keeping rates low.
VA loans go to 90%
FHA can go up to approximately 98%
PRIVATE/PORTFOLIO LENDERS can go up to 90% EVEN ON MN JUMBO LOANS TO 900K
HERE ARE THE PROGRAM GUIDELINES-WHICH ARE ALWAYS SUBJECT TO CHANGE:
Begin your MN home mortgage loan application at our MN mortgage site.
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minnesota mortgage broker: Twin Cities Realtor-Reflections on the past and excited about the future - 01/10/10 10:27 AM
What's in Store for You is Largely up to You
By Rob Minton & John Mazzara
For many, 2009 was a year of "change". The question is, was it positive or negative. To a large extent, the answer lies within. In the MinnepolisStar Tribune today, they highlighted 3 people who had had a career change. Each of the individuals is doing something completely different than they were a year ago. Each is trying to master their destiny. Change is a constant, how we embrace it is the key. I have 3 friends going through a divorce. Two are moving forward positively, … (0 comments)
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minnesota mortgage broker: Minnesota Mortgage Rates-MN Mortgage Rates - 12/03/09 10:10 AM
Following the national trend, rates are at an all time low. If there EVER was a great time to refinance-now is the time. Consider purchasing a home in MN or refinancing. We have access to the 125% first mortgage refinance program through Freddie Mac HASP loan. What this allows us to do is refinance your first mortgage-as long as it doesn't exceed 125% of the homes value and any secondary financing (second mortgage & lines of credit) agrees to subordinate their lien. At this time, we have other options for people who have a Fannie Mae, FHA or VA loan. As a mortgage broker, we … (0 comments)
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minnesota mortgage broker: MN Mortgage Broker explains new legislation that could make for a longer process for home purchase - 10/29/09 03:58 PM
Recent Federal legislation can impact your closing date. When completing your Purchase Agreement, even if you areprepared to move forward and close quickly, a more conservative timeframe of at least 30-45 days from the time of the contract acceptance would be a more realistic expectation at this time.
Listed below is information on two pieces of legislation that stand to impact your closing date, and a few bullet points that explain the reasoning behind and effects of each measure.
HVCC: Home Valuation Code of ConductHVCC was designed to ensure that appraisals are conducted objectively and without pressure from parties with an … (0 comments)
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minnesota mortgage broker: Minneapolis MN Mortgage Broker discusses benefits of Home Ownership for Renters - 10/29/09 12:23 AM
Edina, MN - Buying a home vs. renting is a big decision that takes careful consideration, as most mortgage consultants will agree. But the rewards of home ownership are great. For many years, purchasing real estate has been considered an extremely profitable investment. It is an achievement that offers a sense of pride, financial stability and potential tax advantages.
Yes, there are certain responsibilities associated with owning a home. Landlords will often argue the benefits of renting, and for obvious reason. If you are renting, you're helping them make their mortgage payment.
The numbers are staggering if you look at … (0 comments)
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minnesota mortgage broker: Minnesota Reverse Mortgages-MN Reverse Mortgage - 08/05/09 11:12 AM
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WHAT SHOULD YOU AND YOUR PARENTS KNOW BEFORE APPLYING?
The number of reverse mortgages backed by the government jumped nearly 20 percent in March and April alone from the same period in 2008. At a time when seniors have seen their retirement assets depleted by market losses, tapping home equity has been a safety net. But it can be a risky one.
If your parents are at least 62 years of age and have significant equity in their home, a reverse mortgage can turn that equity into tax-free cash without forcing them to move or make a monthly … (0 comments)
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minnesota mortgage broker: Minnesota First time buyers will be able to use the $8000 tax credit as a down payment - 05/29/09 12:04 PM
Huge news today!! FHA has published a Mortgagee letter stating that they will in the future allow the down payment to come from the tax credit. This is huge news as many first time buyers would like to buy a home and can make a payment, but are unable to find the money for their down payment. This will solve the problem. Soon more details will be released. In the meantime, take this time to make sure you are pre-approved for a loan. There may be credit issues you need to fix. Use this time to get your "financial house" in … (2 comments)
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minnesota mortgage broker: Rehab Financing For Owner Occupants-Mortgage Broker in MN has options - 03/03/09 08:36 PM
FHA 203K-REHAB MONEY STREAMLINE - LITE VERSION-UP TO 35K IN REPAIRSFULL 203K FOR MAJOR REHAB LOAN BEYOND 35K
Some of the best values today are in "scratch and dent" homes or foreclosures that need some work. Many people avoid these types of homes because they don't have the money to fix them up. Would you like to take out a loan that is large enough to cover these repairs? Wouldn't it be great to know you have the money for the required work when you close? The FHA 203K loan provides the funds to replace siding, roofs, carpets, paint, appliances, and more. … (0 comments)
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minnesota mortgage broker: First Time Home Credit IRS Form 5405-Edina Mortgage Broker Provides A Link - 02/28/09 06:27 PM
You've heard about the first time buyer home credit of $8000. A first time home buyer is someone who has not owned a home in the past 3 years. The form you want to file is form 5405 with your tax return. I have the form available if you click on First Time Home Buyer Tax Form The best thing about the new credit is that you don't have to pay it back. Under the previous credit rules for $7500-you had to pay it back over a series of years. Now, as long as you don't sell the home for three … (0 comments)
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minnesota mortgage broker: Minnesota FHA 203K Streamline Rehab Loans - 11/29/08 11:11 PM
Venture Development-Minnesota Mortgage Broker-has the Streamline 203K rehab loan-Again!
FHA streamline 203K loans are once again available from our investors. They may shut the door in the future, but right now we are taking applications. These loans are perfect for the owner occupant who wants to buy a home that needs work. Assuming they can qualify for the loan amount they desire, we can usually finance 35K worth of improvements into the purchase price. Rather than write out all the particulars, we've created a mortgage powwerpoint presentation and posted it to www.Slideshare.net Would you like to view it? http://www.slideshare.net/mnguru/fha-streamline-203klight-rehab-loan-presentation/
If you'd like a … (0 comments)
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minnesota mortgage broker: Refinance Your Minnesota Mortgage Loan| MN Loan Originator Prompts You To Act - 09/08/08 04:30 PM
Refinance/Purchase NOW! Interest Rates in the 5's
Fannie Mae (FNM) and Freddie Mac (FRE) have been taken over by the government today. This is not necessarily a bad thing. In fact, the stock market and mortgage investors like it-A lot. With the stability and bankroll of the US govt, mortgage interest rates will be managed by the fed's to guide us all through the housing crisis. My personal feeling is that this will provide the stability that is needed-especially as people seek to refinance their ARM's. Take advantage of this historical event.
There is a missing piece to the puzzle. The puzzle being … (0 comments)
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minnesota mortgage broker: Mortgage Down Payment Assistance Set To Expire Get A Minneapolis St Paul Mortgage Brokers Opinion - 08/22/08 10:26 AM
Your Minnesota Mortgage broker
Yesterday I was quoted in the St Paul Pioneer Press regarding down payment assistance and how it and programs like Nehemiah are helping people become homeowners. Here is a link to the article: http://www.twincities.com/ci_10258287?nclick_check=1 The papers website link is www.twincities.com Our deadline to fund these loans are actually being accelerated by many of our investors. The official date has been indicated as October 1st, but many lenders are instead cutting off eligibility as early as September 5th.
We also recently had a press release announcing our Minnesota corporate program. This allows companies to offer a … (0 comments)
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minnesota mortgage broker: Twin Cities Mortgage Broker Gives You The Link To OPT OUT From Credit Report Solicitations - 07/22/08 10:50 PM
Have you heard of a "trigger lead"? A Trigger Lead is a lead that is red hot. For example, if you have recently applied for a mortgage, the credit bureau from which your report was accessed has allowed a mortgage company to look at your credit. The logical assumption is that you are now in the market for a mortgage. Guess what the credit bureaus do next? The credit agencies collect the data of people who have had their credit report accessed by a mortgage company and sell your name and number to a competing mortgage company who will call you … (0 comments)
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minnesota mortgage broker: Fed Cuts Rate-Minnesota Mortgag Broker Predicts Rate Rise - 05/03/08 12:10 PM
Investor sentiment has turned. I started to see it in last weeks stock market and mortgage rates. The markets have been locked down in FEAR mode! IF consumer confidence increases, and money moves back to the stock market, rates will rise. I'm not predicting an immediate rise, but I could see rates creep up by .25-.5 over the next 6 months. After the election, regardless of who wins, you will see that inflation needs to be addressed. Inflation will bring higher rates too. Therefore, I am recommending that you consider getting your mortgage "house" in order sooner rather than later to … (0 comments)
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minnesota mortgage broker: Financing Ideas/Solutions In A Tight Credit & Declining Marketplace For MN Realtors - 04/28/08 11:37 AM
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minnesota mortgage broker: Foreclosure Process and Foreclosure Prevention Resources in Minnesota - 04/05/08 02:50 PM
Patti Mazzara-Minnesota mortgage provider and mortgage broker-Venture Development-shares some idea and resources for those facing foreclosure in Minnesota
We frequently get calls from people in foreclosure asking us what help we can provide to someone in foreclosure. Unfortunately, we can offer a lot of help. Unless you have substantial equity in the home-defined as over 35%, and a good reason why the foreclosure occurred in the first place, plus the abililty to show repayment is possible, you will be out of luck. Even if we can help, it may be a form of HARD MONEY-which we discussed in a previous post.
FHA … (0 comments)
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Patti Mazzara NMLS #333279
Edina,
MN
More about me…
Venture Development Inc NMLS #373115
Address: 7300 France Ave S #410, Edina, MN, 55435
Office Phone: (952) 285-4319
Cell Phone: (612) 237-6277
Email Me
Learn about the Twin Cities real estate, minnesota real estate, minnesota home financing, minnesota mortgages, FHA, VA, Reverse Mortgages, Debt Consolidation, refinancing, first time buyer programs, interest only loans, Edina, Minneapolis and St Paul. Visit our mortgage site at http://www.ventureloanapp.com or http://www.edinamortgage.com
Patti Mazzara NMLS #333279
Venture Development NMLS #373115
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