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mn mortgage broker: Minnesota mortgage -the interest deduction - 02/07/12 09:46 PM
 
 
 
Choose Your Deduction  
One third of all U.S. households, 75% of households with more than $75,000 income and most homeowners itemize their deduction on their federal income tax returns. It makes sense because the interest paid on their mortgage and their property taxes probably exceeds the allowable standard deduction.
 
 
However, with interest rates as low as they have been in the last two years and the price of homes having come down considerably, it is possible that the standard deduction may be the better choice.
 
Each year, the taxpayer can compare the total of … (1 comments)

mn mortgage broker: Twin Cities Mortgage Guidelines vs National Mortgage Guidelines - 01/08/10 03:54 PM
Guess what?  They're all the same.  While regional banks may make some up some of their own guidelines and criteria, Fannie Mae, Freddie Mac, FHA, and VA have national standards.  In addition, various lenders will put their own credit overlay on top of these guidelines to lower their risk.  True portfolio lenders can make up their own guidelines-as long as they don't violate any federal or state regulations and guidelines.
Here is a nice article that explains the evolution of the restrictive criteria involved in getting a mortgage.  The pendulum has certainly swung the other way.  Today, things are too tight.  … (0 comments)

mn mortgage broker: MN Mortgage Broker| Minnesota Mortgage Updates| Edina Mortgage - 12/30/09 07:56 PM
Here is our latest show on Metro Cable Channel 6.
Our new show highlights the laatest updates on MN FHA loans, Twin Cities Real Estate Foreclosures, Minnesota Shortsales, Minneapolis VA loans.  If you have questions about your home refinance or home purchase in Minnesota call Patti Mazzara at 952.285.4319   If you are looking for a Minnesota Mortgage Broker or Minneapolis home call John Mazzara at 952.929.2577.
Don't forget we do all the MN Refinance programs like Making Home Affordable, HAMP, HASP loans as well.
For 100% financing ask Patti about the USDA Rural Development program or grant money for select Twin Cities areas.
… (0 comments)

mn mortgage broker: MN HUD HOME PURCHASE| MINNEAPOLIS HUD HOME| BUYING HUD FORECLOSURES - 12/07/09 02:43 PM
Avoiding HUD Home Headaches:Tips On Buying HUD Foreclosures!
Bidding & Buying on Minnesota HUD homes-it seems to be the hot ticket in town. 
However - Remember these key points to avoid problems and advise buyers:
· Only primary residence buyers allowed in the first round of bidding.
• Determine if the home is being offered as eligible for Minnesota FHA financing:
o Has an existing FHA appraisal that must be used (unless expired)                                                                       ANDo The sales price has usually been based on the existing appraised value.  Bidding above the sales price may result in them paying the difference out-of-pocket between their bid and appraised value.
• HUD … (0 comments)

mn 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)

mn mortgage broker: MN Homebuyers get a tax break | MN Homebuyer Tax Credit Extended and Expanded - 11/06/09 01:40 PM
The first time homebuyer tax credit has been extended into the spring! Qualifying homebuyers just need close on their home before May 1, 2010 to get a tax break.  Homebuyers who are selling a home that they have owned for at least five years will also receive a tax credit.
Minneapolis homebuyers who are buying their first home (or who have not owned a home in the last three years) will qualify for a tax credit up to $8000.  Minnesota Homebuyers who have owned their current for at least five years and buy their new home before the May 1, 2010 deadline will qualify … (0 comments)

mn mortgage broker: MN First Time Home Buyer and Minneapolis Home Buyer Alert! - 10/29/09 04:47 PM
Tax Credit Expires 11/30/09 - Don't Get Left Behind
MN Mortgage Broker, Patti Mazzara, warns MN First time home buyers not to miss out on the first time home tax credit that is about to expire.  The first time home buyer tax credit which can be used on a Minneapolis home loans when Minneapolis home buyers close before November 30, 2009.
Unless you have either been under a rock for the past 12 months or you never work with first time homebuyers (FTHBs), you are no doubt aware the clock is ticking on the IRS tax credit for FTHBs. My purpose … (0 comments)

mn mortgage broker: Minnesota Purchase and Refinance Transactions are getting slowed down in the pipeline at lenders due to new Government Regulations - 09/24/09 12:08 PM
Government Regulation Clogs the Pipes
It's no secret that many facets of lending and real estate have changed as a result
of the credit crisis. In addition to tightened lending practices that resulted from
rising mortgage delinquencies, Washington has been heavily involved in altering the
way lenders do business today.
 
Two individual pieces of legislation impacting our business need to be taken into
account when determining closing dates for purchase transactions.
Home Valuation Code of Conduct - The Home Valuation Code of Conduct (HVCC) went into
effect May 1, 2009. Intended to shield appraisers from undue influence from loan
officers … (1 comments)

mn mortgage broker: MN Mortgage Broker Discusses Options for Borrowers After Their Bankruptcy - 09/24/09 11:01 AM
Minnesota Mortgage Broker Discusses Life After Bankruptcy - Is It Possible?
Edina, MN - Bankruptcy is an uncomfortable subject for a variety of reasons. The
most obvious is the potential havoc it can wreak on your finances when obtaining a
mortgage loan. Running a close second is the negative stigma which is often attached
to the process. This negativity is important to mention because strong emotions can
sometimes lead to unsound financial decisions with devastating results.
Bankruptcy becomes a viable option for someone who is "upside down" in terms of cash
flow. In other words, when a person has more money … (0 comments)

mn mortgage broker: MN mortgage broker can help MN home buyers improve their credit - 03/03/09 08:53 PM
CREDIT REPAIR-WE CAN HELP YOU TAKE THE STEPS TOWARD HOME OWNERSHIP
You may not be able to purchase a home at this time due to items on your credit report-some of which may be factual whereas others are erroneous.  Many people never fully address incorrect issues on their credit report and instead let them linger on their report for years, affecting their credit rating and ability to obtain new financing.  Previous bad credit eventually goes away.  Take the steps today to become credit worthy tomorrow.  The sooner you become proactive about this process the quicker you can again attain credit in … (0 comments)

mn mortgage broker: Minnesota Seniors In Foreclosure Should Consider A FHA Reverse Mortgage - 02/22/09 11:06 AM
 
 
If you know a senior-someone age 62 or older that owns a home-that is facing a foreclosure, tell them about the possibility of obtaining a reverse mortgage.  FHA has a product called the HECM.  Here's the short qualifying criteria-own a home, have some equity, and be age 62.  Did you notice I DIDN'T say credit and income?  Why? Because they don't matter.  So, if you are in foreclosure that doesn't matter.  If your only income is social security, that doesn't matter.  The amount of proceeds you receive from this type of loan is dependent on your age and equity. 
… (0 comments)

mn mortgage broker: Minnesota debt and Credit Repair Resource Site May Help Twin Cities Foreclosure Avoidance - 01/11/09 06:33 PM
It has been a busy weekend.  We just completed our latest website at http://www.MinnesotaDebt.net  This site has resources that can help people learn more about credit repair, debt relief, and options to avoid foreclosure.  Some of these resources have been highlighted on this blog in the past.  The problem with posting on the blogs is that sometimes it is difficult to find information as well as if it was listed under tabs at a website.  I am currently in the process of writing about 20 articles for the site.  Other than that, the site is ready to be used and explored.
… (0 comments)

mn mortgage broker: Minnesota 100% Loan To Value|Minnesota Mortgages With No Down Payment - 11/08/08 07:51 PM


WHAT VENTURE DEVELOPMENT CAN DO FOR YOU!!
BRAND NEW 100% COMBO 92/8 RURAL DEVELOPMENT - 0% DOWN PAYMENTVA MORTGAGE- 0% DOWN PAYMENTFHA LOANS-ARMS OR FIXED RATE 1-4 UNITREVERSE MORTGAGE FOR BOTH REFI/PURCHASE
100% COMBO LOANS ARE BACK!!!  Purchase only.  Your Buyer must have a FICO of 680 or better and 1 month in reserve.  $100,000 max qualifying income limit - not household income. Properties accepted under this program:  Single Family, Condo and PUDS.  
USDA RURAL DEVELOPMENT can be used on the purchase of an existing home or new construction.  Finance 100% of home's appraised value-possible including closing costs-varies by … (2 comments)

mn mortgage broker: Minnesota FHA mortgages and Nehemiah Down Payment Assistance Can Make A Zero Down Transaction Almost Possible - 03/31/08 11:23 PM
Edina Minnesota-Twin Cities MN-Greater Minnesota-almost 100% financing IS still possible through a unique gift program and seller paid concessions
Venture Development -your favorite MN mortgage broker-shares the secret!
Unless YOUR mortgage broker or mortgage lender is FHA approved, You may never hear about the down payment assistance program called the Nehemiah program.  This is an approved private down payment assistance program.  If you are short on cash, but can qualify based on income and credit, you might love this program.
Here is the abbreviated version:
NOW, more than ever before, buyers and sellers need to investigate this innovative program.  Because Minnesota has been designated a declining marketplace, almost … (3 comments)

mn mortgage broker: Getting Your First Home Mortgage In Minnesota - 02/07/08 09:36 AM
Home Loans For First Time Buyers In Minnesota
Buying your first home can be both thrilling and scary and getting your first mortgage is usually part of the equation. As I've mentioned recently, now may be one of the best times to buy a home. Obtaining a mortgage can be confusing and stressful for many people, especially if this is a new experience. Without a doubt your home, even if it's a starter home, is and will be, one of the biggest investments of your life. With that in mind it is important to take the mortgage process slowly and not rush … (0 comments)

mn mortgage broker: Mortgages After a Divorce-Perspectives From An MN mortgage broker - 01/30/08 04:50 PM
Don't neglect your debts-You must protect your credit during divorce
By Patti Mazzara, Vice PresidentVenture Development-MN mortgage broker
Edina, MN - When a marriage ends in divorce, the lives of those involved are changed forever. During this time of upheaval, one thing that shouldn't have to change is the credit status you've worked so hard to achieve.
Unfortunately, for many, the experience is the exact opposite. Unfulfilled promises to pay bills, the maxing out of credit cards, and a total breakdown in communication frequently lead to the annihilation of at least one spouse's credit. Depending upon how finances are structured, it can sometimes have a negative … (2 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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