fastclosingnow: What Will Harp 3.0 Mean For Homeowners After 2014? - 05/13/14 08:00 AM
As economic influences affect the housing market in the United States, there has been the introduction and development of programs to assist with the downturn.
During the 2009 economic crisis in the United States that resulted in home prices and values falling, a program named HARP was introduced to assist the many affected homeowners.
Harp has since developed and a 3.0 version has been introduced. As a result, many homeowners are beginning to wonder: What will Harp 3.0 mean for homeowners after 2014?
The Economic Crisis: Harp 1.0 In 2009:
In 2009, HARP 1.0 was introduced. The program was designed to … (0 comments)

fastclosingnow: Vegetable Garden 101: Get The Kids Started On A Veggie Patch Project Today - 05/13/14 07:52 AM
Thinking about ways to engage your children in gardening and educational opportunities outside of the classroom?
Creating your very own veggie patch with them is a great way to help them develop interest in the wonderful hobby of gardening!
Growing a vegetable garden links together many concepts your children are learning about in school while teaching them the art of discipline, responsibility and delayed gratification. Here are some great tips on how to nurture this project with your children.
Choose Pick-And Eat-Vegetables:
The joy of being able to eat the fruits of their labors straight out of the garden will be … (1 comments)

fastclosingnow: The Magic Number: Does Your Credit Score Need To Be Above 800 To Apply For A Mortgage? - 05/13/14 07:38 AM
Over the course of a lifetime, financial development can lead to some wonderful opportunities. A person's financial development and state of affairs is something that is particularly important when it comes to taking out a bank loan to further progress in life, and the largest loan most people will require is a mortgage for a home purchase.
Since the process of getting approved for a mortgage is heavily dependent on credit history and that three-digit credit score that reflects reliability as a borrower, you should always put forth practices to keep that number healthy and growing.
However, how much importance does … (0 comments)

fastclosingnow: Is It Best To Put Down A Large Down Payment, Or Be Agile With Your Savings? - 05/07/14 10:00 AM
Putting down the largest sum of money at your disposal might seem like the best way to go when it comes to your mortgage down payment. There is a certain amount of truth to this, but the reality is bigger is not always better.
Ideally, the amount of money you settle on for your mortgage down payment will take into account your monthly budgeting requirements.
The Big Advantages Of A Large Down Payment:
Fewer Mortgage Payments:┬áThe larger the down payment, the higher the likelihood that you will be able to afford a shorter mortgage. Unlike some of the other benefits of … (0 comments)

fastclosingnow: How Will A Short Sale Affect Your Ability To Buy Another House In The Future? - 05/07/14 09:43 AM
The last few years have been financially difficult for millions of homeowners, with job losses and decline in home values devastating families all over the US. As a result, a great number of homes have gone through short sales, which has had a detrimental effect on consumers' credit ratings.
If you've considered or experienced a short sale, one of the biggest concerns you may have is how it will impact your ability to purchase another property in the future. Here are five key variables on how a short sale can impact your next home purchase.
Duration Of Delinquency Plays A Big … (0 comments)

fastclosingnow: What's in a Color? Six Paint Colors That Will Affect Your Mood - 05/07/14 09:25 AM
Believe it or not, paint colors can affect your mood. When remodeling your home, the color you use on the walls can end up being just as critical to the thematic consistency of your home as the furniture you use to decorate it.
Before you slap any old color on the walls, take some time to consider what mood you'd like each room to inspire.
Red, Yellow And Orange: The Colors Of Excitement, Hunger And Happiness:
Ever wonder why the dining rooms, kitchens and entertainment rooms you see in magazines always seem come in every shade of red? It's because these … (1 comments)

fastclosingnow: FOMC Noted Retail Sales In March Reached Highest Lvl Since September Of 12' - 05/01/14 09:34 AM
The FOMC of the Federal Reserve released its customary statement after its meeting concluded April 30.
FOMC members said that the economy is improving after a winter lull caused by poor weather. The national unemployment rate remains high, although some improvement in labor markets was reported. Fiscal policy is restraining economic growth, although FOMC said that the restraint is diminishing.
FOMC Monitors Inflation, Further Reduces Asset Purchases:
The FOMC statement reflected members' concerns about the inflation rate remaining below its goal of two percent, and said that this could eventually impact economic recovery. The Fed expects inflation to approach its goal … (0 comments)

fastclosingnow: Warmer Weather Brings In The Buyers, Is There Inventory? - 04/30/14 05:05 AM
After three consecutive months of decline, the S&P Case-Shiller 20-City Composite Index remained nearly unchanged in February. Year-over-year home prices rose by 12.90 percent in February as compared to 13.20 percent in January.
20 Percent Below Their 2006 Pre-recession Peak:
Analysts note that in spite of recent slowdowns in home prices, the year-over-year rates of home price growth remain close to peak price growth attained in 2006. National home prices remain approximately 20 percent below their 2006 pre-recession peak.
13 cities posted lower rates of price gains in February. The Case-Shiller 10 and 20 city indices showed year-over-year price gains of … (0 comments)

fastclosingnow: Five Questions You Might Want To Ask Before You Refinance Your Home - 04/29/14 06:40 AM
Refinancing your home might be a great way to save money or tap into the capital needed to pay off large debts. However, a refinance can also be an expensive endeavor, and you could even risk harming your credit rating or risk foreclosure if you're not careful.
Before you take the plunge with a refinance, here are five essential questions that you should ask before signing on the dotted line.
How Much Equity Do I Have In My Home?
Many homeowners today owe more on their mortgage than what the property is actually worth. For mortgage refinancing to be possible, a … (1 comments)

fastclosingnow: Existing Home Sales Show Improvement In The Northeast And Midwest Region - 04/25/14 07:42 AM
March sales of existing homes exceeded expectations at a seasonally adjusted annual rate of 4.59 million sales according to the NAR. Analysts projected that existing home sales would reach 4.55 million based on February's reading of 4.50 million sales.
The pace of existing home sales declined by 0.20 percent as compared to February's reading.
Headwinds Cause Slower Pace Of Home Sales:
Analysts cited poor winter weather and rapidly rising home prices as factors that kept buyers away, although the Northeast and Midwest regions reported improvements in home sales in March. NAR said that the national average home price increased to $198,500, … (0 comments)

fastclosingnow: It Pays Off To Refinance Your Mortgage! - 04/23/14 07:46 AM
To refinance a mortgage means to pay off your existing loan and replace it with a new one.
There are many reasons why homeowners opt to refinance, from obtaining a lower interest rate, to shortening the term of the loan, to switching mortgage loan types, to tapping into home equity.
Each has its considerations.
Lower Your Mortgage Rate:
Among the best reasons to refinance is to get access to lower mortgage rates. There is no "rule of thumb" that says how far rates should drop for a refinance to be sensible. Compare your closing costs to your monthly savings, and determine … (0 comments)

fastclosingnow: Invest In Real Estate Like A Pro With These Quick Tips - 04/23/14 07:40 AM
Real estate investments are still going strong and will probably continue to be a popular method of financial gain into the future.
Real estate is solid. It is a tangible product that is attractive to both beginning investors and experienced pros. The most important part of getting started in real estate investing is knowing what you're getting into and what to watch out for.
Here are 4 top tips from real estate investment professionals:
Understand The Realities:
Real estate investment, like any form of investment, is risky. Do not use money you cannot afford to lose. Careful study, understanding the market, … (1 comments)

fastclosingnow: Six Creative Lighting Installations That Will Enhance Your Home. - 04/18/14 07:45 AM
When people purchase their home, one of their common requests is "plenty of light." And for good reason! This is a critical factor for enjoying your home, and when designing your interior, you should pay special attention to just that: your sources of light.
See them not only as a way to brighten up your room, but also as an opportunity to infuse your home with a fashionable design and aesthetic appeal. You'd be surprised at how much lighting can dramatically enhance any given room in your home.
Here are our six favorite lighting installations that are bound to give you … (2 comments)

fastclosingnow: How You Can Get The Full Selling Price You Want For Your Home - 04/17/14 05:39 AM
When it comes to selling your home and getting the full selling price you want, there are certain tactics and methods you can employ to ensure that this wish becomes a reality.
Avoiding the commonly made mistakes that end up lowering the value of your home and discouraging people from viewing it is ultimately the key in getting top dollar, as well carrying out the showings and sale of your home in a professional manner.
Listen to the professionals, and make sure you employ these real estate sale methods to get your desired number on your home sale.
Listing Tactic: Adding … (0 comments)

fastclosingnow: Just How Sustainable Is The Micro Housing Trend? - 04/17/14 05:33 AM
Something that the Europeans have been doing for decades has finally made its way over the Atlantic Ocean to North America: the trend is called micro housing, and it's turned into an entirely new way of living.
With micro housing, we're beginning to do away with oversize condos and even detached homes, learning to live in a more minimalistic manner and curbing our hoarding habits for good.
The affordability of micro housing is making it possible even for young adults and students to purchase their homes in the city centers across North America. But one must ask, is the micro housing … (1 comments)

fastclosingnow: The Ultimate Guide To Winning At Auction! Don't Let Your Dream Home Slip Away - 04/17/14 05:27 AM
While the traditional method of trawling for sale listings, making bids, and negotiating with the seller has been a popular rite of passage for many home buyers, buying a house at auction is swiftly becoming a favored way to purchase property.
Buying a home through auction can be tricky, so it's best to do your research and keep your cool on auction day, lest you find yourself stuck with a less-than-ideal place to live for a price you didn't expect to pay. If you're in the market to buy through auction for the first time, here are some things you need … (0 comments)

fastclosingnow: Green Living: Water Saving Tips For Spring! - 04/17/14 05:21 AM
Water is the planet's most precious resource. Access to clean water is a privilege that, unfortunately, many people still take for granted.
By utilizing new water efficiency technologies and age-old conservation methods, we can help preserve the water supply for future generations. Cutting down on consumption whenever possible is something that everyone can do to live a little greener.
Making Sure Your Home Holds Water:
The first stop on your journey to save water is to ensure your home is free of water leaks. Make your way through your home, and properly shut off the water at all fixtures and faucets. … (1 comments)

fastclosingnow: The Happenings In A Reverse Mortgage - 04/15/14 10:14 AM
When you're looking for ways to supplement your retirement income, there are a number of different options to consider. A reverse mortgage is becoming a more popular and more common way to provide income when your retirement savings don't leave enough to live on.
But with all the information out there, how do you know what happens in a reverse mortgage and whether it's a good option for you?
What Is A Reverse Mortgage?
A reverse mortgage essentially reverses the typical actions of a mortgage. Instead of making payments on your home, you receive payments against your home's equity. The amount … (0 comments)

fastclosingnow: 4 Of The Best Questions To Ask Before Refinancing Your Mortgage - 04/15/14 10:04 AM
1) Do I Have Enough Equity To Get A Mortgage?
To get a conventional loan, you will usually need to have at least 20 percent equity. This means that your house will have to be worth at least $250,000 to get a $200,000 loan. If you have less equity, you could end up having to pay for private mortgage insurance, which can easily add $100 or more to your monthly payment.
2) How's My Credit?
Most lenders will look at your credit score as a part of determining whether or not to make you a loan. With conventional lenders, your rate … (0 comments)

fastclosingnow: Four Places To Look For Tax Deductions In Your Home - 04/15/14 09:55 AM
Paying your income taxes each year leave your wallet a bit thin? There may be money hiding in your home that lessens your tax burden. Here are four places to look:
1. Home-Office Deduction:
If you work from home, you could qualify for a home-office deduction. Taking the deduction can be a bit complicated; so many people who qualify don't claim the exemption. An estimated 26 million Americans have home offices, but only 3.4 million claim them on their tax return.
Perhaps that's why the Internal Revenue Service attempted to simplify the process in 2013.
The write-off takes into account depreciation, … (0 comments)

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David Kosmecki

Osseo, MN

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Bay Equity

Address: 20965 South Diamond Lake Rd, Rogers, MN, 55374

Office: (763) 519-1100

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