loan: Will the Government Shutdown Affect My Mortgage Loan?
- 10/03/13 01:07 AM
Will the Government Shutdown Affect My Loan? On Tuesday, October 1st, 2013, the Government Shutdown began. Many areas of our economy have been affected including the housing market. What do you do if you are one of the many potential homeowners or sellers currently in the middle of a sale? How is this going to affect your loan or whether you can sell your home? I'd like to say that it won't affect you at all. But sadly enough, most everyone will feel the impact of this shutdown in one way or another if it continues to go on for … (0 comments)
loan: Legislation changes in MN for mortgages effective August 1st, 2007
- 07/19/07 05:59 AM
Effective August 1, 2007, three anti-predatory legislative bills (H.F. 1004, S.F. 988, and S.F. 2096) enact changes designed to curb home foreclosures and mortgage lending fraud. Many Minnesota lenders are taking a conservative approach by choosing, at least for now, to purchase only full documentation loans. Others are stating that "no income, verified assets" will be acceptable. However, all lenders are wanting to see that we have established a borrower's "reasonable ability to repay the loan." As we move closer to the August 1 effective date, more investors are issuing statements describing their position on the effect of the legislation. While most … (2 comments)
loan: A First Time Homebuyer's Step-by-step Guide for a Mortgage
- 07/18/07 04:30 AM
Buying a home is a BIG step! This step-by-step question and answer guide should give you the information you need to get started on your way to being a First Time Homebuyer. Why Buy instead of Rent? Buying a home can be a wise investment. Typically, even in a down market, homes increase in value over time. You can build ownership interest - this is known as equity. Another benefit to owning vs. renting is that the interest you pay on a home mortgage is typically tax deductible. Beginning is as Easy as 1-2-3! Apply for a mortgage pre-approval.Put together a personal "home … (8 comments)
loan: The Art of Asking for Business...Is there a right way?
- 06/27/07 04:33 AM
So, here I am...8 years in the business of being a mortgage loan officer. To this day, I continue to visit real estate offices in hopes that there is at least one realtor there for me to chat with. On the good days I can find 2 or 3 (if I'm lucky). Now, I'm also lucky to be in the Cambridge area where it's a little more laid back and I can actually make it past the front desk. We start up the "How are you....Good....How 'bout you?" conversation and get the generals out of the way. Some people will have time … (11 comments)
My blog is all about mortgages and real estate with a spattering of community specific information about Cambridge, Minnesota, Isanti County, or surrounding areas. I will also have a few blogs about being a Mom in Real Estate and other personal items, but will only post to those specific groups. I hope you enjoy reading the spillage of my brain.
Will the Government Shutdown Affect My Loan?
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