mortgage financing: The Benefits of being in a Rural Housing Eligible Area
- 12/13/12 08:45 AM
More often than not these days, we are working with clients who have little to no money to put down on a home. Many of these borrowers are well qualified, but are just unable to save money because rents in the marketplace have become so high that their money is being tossed away each month for their monthly housing. Our goal is to help them own their own home for less than rent so that they can finally start saving once we complete the transaction.
We currently do business primarily in an area which is considered Eligible for Rural Housing (1 comments)
mortgage financing: "What is Your Rate?"....A Popular Question from Home Buyers Today
- 06/13/12 01:22 AM
“What is your rate?” As a Mortgage Advisor for almost 15 years, this is the #1 question many of my clients ask when they call to look for mortgage financing. Since the rate affects the monthly payment amount, it’s not surprising that this is a popular question. Failure to get a lower interest rate could cost you thousands of dollars over the life of the loan. But what is difficult to convey is that it isn't as simple as looking at a rate sheet to give "today's rate". There are up to 28 factors that go into determining what interest rate (0 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.