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mortgages: What Does The Future Hold For The Security System In Your Home? - 06/07/13 07:41 AM
Imagine walking into your home and turning off the alarm, locking your doors, opening the windows and starting your coffee maker, all with a few taps of your finger on your smart phone?
What if you had a home security camera that you could monitor from anywhere and a motion sensor that would send you an email when your kids come home from school? What if you could open your blinds or unlock your home for a visitor, even from halfway around the world?
The technology that powers our home security systems is getting more and more sophisticated and in the … (0 comments)
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mortgages: Four Important Home Maintenance Tips Everyone Should Know - 06/06/13 06:20 AM
One of the important aspects of owning a home is having the knowledge of how to keep it maintained to avoid costly repairs and serious damage. Over the years weather and use will wear down both the interior and exterior of your property.
If you are able to practice preventative care on your home, then you will prolong the life of all of its systems and components. At least every six months or so, you should be performing an inspection of your property so that you can ensure that it is still functioning properly and safely.
What should you be looking … (0 comments)
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mortgages: 3 Critical Tips To Improve Your Credit Score And Mortgage Terms - 06/05/13 08:23 AM
When you are looking for a mortgage for your home, your credit score is very important. Any potential lender will check your score and will use the number to assess your creditworthiness and the interest rate that they offer you.
The better your credit score the lower the mortgage interest rates will be available to you, as the lender will be able to see that you can handle credit well.
However, if you have a very bad credit score, it could be causing you to be offered high interest rates on your mortgage that could cost you thousands over the years.
… (0 comments)
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mortgages: Existing Home Sales Numbers Highest Since 2009 - 05/28/13 12:38 PM
The National Association of REALTORS reported that sales of existing homes in April reached 4.97 million on a seasonally-adjusted annual basis.
Although this reading fell short of Wall Street’s expectations of 5.00 million existing homes sold, it surpassed the March 2013 upwardly revised reading of 4.94 million existing home sales. This represents a 0.60 percent increase from March to April, and a 9.70 increase year-over-year.
Low Mortgage Rates Contribute To High Sales Levels
Low mortgage rates and pent-up demand for homes are driving sales of existing homes, which reached their highest level since November 2009.
Lawrence Yun, chief economist for the … (1 comments)
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mortgages: 5 Quick Tips To Get A Better Price On Your Home Purchase - 03/18/13 07:17 AM
5 Quick Tips To Get A Better Price On Your Home Purchase
When you are looking to buy a home, it is important to keep in mind that no real estate price is set in stone.
There is always room for negotiation, and with the right techniques you may end up saving thousands of dollars on your dream house.
However, it can be tricky to get the right reaction when you are negotiating.
Here are a few tips that will help you to haggle your way to the best deal.
Find Out The Seller’s Motivation
If they really need to … (0 comments)
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mortgages: 5 Reasons To List Your House Today - 01/30/13 03:13 PM
5 Reasons Why Your Clients Could Benefit From Listing Their House TODAY!
Many homeowners are waiting until the Spring ‘buying season’ to list their homes for sale. Here are five reasons why that might not make sense this year:
1.) Demand Is High Homes are selling at a pace not seen since 2007. The most recent Existing Home Sales Report by the National Association of Realtors (NAR) showed that annual sales in 2012 increased 9.2% over 2011. There are buyers out there right now and they are serious about purchasing.
2.) Supply Is Low The monthly supply of houses for … (0 comments)
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mortgages: Simple Tips To Keep Your FICO Credit Scores High - 09/11/12 07:29 AM
Simple Tips To Keep Your FICO Credit Scores High For today’s home buyers and refinancing households, the value of “good credit” has never been higher.
Mortgage approvals hinge on your FICO score, as does your final mortgage pricing.
If you’re shopping for a home in Minnesota , therefore, or contemplating a refinance, be aware of how everyday credit behaviors can affect your FICO. Even small events can make a big impact.
Here are some common-sense steps to help improve your credit score.
First, keep a “cushion” on your credit cards.
30 percent of your credit score is linked to “Amount … (6 comments)
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mortgages: Single-Family Housing Starts Remain Strong - 08/22/12 08:47 AM
Single-Family Housing Starts Remain Strong The market for newly-built homes remains strong.
As reported by the U.S. Census Bureau, July featured 502,000 single-family housing starts nationwide on a seasonally-adjusted, annualized basis, marking the fourth straight month during which single-family starts posted north of one-half million.
The last time this milestone occurred was in the four months ending April 2010 — the last month of that year’s federal home buyer tax credit.
A “housing start” is a home on which construction has started and the rise in single-family housing starts is yet one more signal to buyers in Cambridge and nationwide … (1 comments)
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mortgages: FHA Changes Mortgage Insurnace Premium - 06/14/12 07:55 AM
FHA Changes Its Mortgage Insurance Premium Monday, June 11, 2012 Monday, June 11, the FHA changed its mortgage insurance premium schedule for the second time this year.
Some FHA mortgage applicants will pay lower mortgage insurance premiums going forward. Others will pay more. The new premiums apply to all FHA mortgages, both purchase and refinance.
The MIP update will be the 5th time in four years that the FHA has changed its mortgage insurance premium schedule.
FHA-backed homeowners who have not refinanced within the last 3 years will benefit from the new MIP. This is because, beginning with all FHA … (0 comments)
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mortgages: Interesting study by NAR. Why you need to market Yourself - 05/15/12 07:55 AM
Here are some interesting facts of a study done by the National Association of Realtors.
Why is it important for you to market yourself and not your company?
1. 77 percents of buyers were happy with their real estate agents.
2. 74 percent said they would buy from that real estate agent again.
3. Only 9 percent bought from that real estate agent the second time. (lack of follow up)
4. Less than 10 percent could recall the name of their real estate agent after 3 years. Almost all could recall the company's name.
It is important to understand … (3 comments)
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mortgages: Easy guide to home mortgage loans and advantages and disadvantages of them - 04/04/08 09:05 PM
Here is a simple chart that explains some home mortgage loans programs and the advantages and disadvantages they may have.In addition to standard loan programs you may benefit by obtaining one of our many special programs:
Purchase your home with no down payment using Private Mortgage Insurance (PMI) or Lender-paid Mortgage Insurance (MI). Piggyback loans: 80-10-10 or 80-15-5. Avoid PMI payments by using Lender-paid MI. Debt consolidation programs. Home Improvement loans.
Of course there are thousand of programs that fit into the catagories of home mortgage loans. If you work with an experienced mortgage professional you can find out which home mortgage loan right for you!
Information … (0 comments)
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mortgages: Shopping around for a mortgage lender? - 03/18/08 01:37 PM
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Shawn Gerhardson NMLS#274129 Minnesota & Wisconsin #1 Mortgage Expert
Cambridge,
MN
More about me…
Waterstone Mortgage NMLS#186434
Address: 140 Birch Street North, Suite 103, Cambridge, MN, 55008
Office Phone: (763) 691-0202 x 2
Cell Phone: (763) 245-6149
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