MN Mortgage Matters

Mortgage and Lending - Guaranteed Rate Mortgage



5 Steps to Improving Your Credit Score There are no quick fixes when it comes to your credit. However, if you're willing to take the time, you will eventually be able to raise it through careful budgeting and management. With these five steps, you may be able to considerably improve your credit s...
How Low Can Home Prices Go? Home prices have been at all time lows, having dropped 6% over the past four quarters (which ended June 30). But according to analysts at Fiserv, they might have not hit bottom yet. They believe we could see an additional 3.6% fall by the second quarter next year. They...
November Economic Reports: Which Reports Will Affect Mortgage Rates With Thanksgiving over and everyone’s pants a little tighter, we begin our descent into the end of 2011. This week brings us many economic reports as we round out the month of November, especially come Friday. Reports for Novembe...
Three Answers for More Clients and Houses Sold Potential Homeowner: Will Home Prices Continue to Fall?The falling home prices are due to the hesitancy of qualified homebuyers to reenter the market. However with mortgage rates at historic lows on top of extremely low home prices, buyers will begin...
HARP’s New Changes Yesterday, changes to the Home Affordable Refinance Program or HARP were announced in the hopes of attracting eligible borrowers towards refinancing. While specific guidelines won’t be released until November 15th, we’re here to break down what these changes are and how it affe...
Q: A client’s friend recently bought a home and told my client the mortgage process was a nightmare in terms of documentation. Specifically, she said that the loan officer kept asking her for documentation on deposits into her accounts. How do I avoid this with my client? A: If you were to talk ...
You’re Purchasing a Home, Not a House At Guaranteed Rate, we write a lot of content how statistically, it’s a perfect time to purchase a house right now with low prices and even lower rates. However, there are many more benefits to purchasing a house than getting a good deal. You’re buying a home...
VA Loan Funding Fees Increase Yesterday, the President signed HR 647, which resulted in the VA funding fee to rise to pre-November 18th, 2011 levels. These higher fees will remain in effect for any VA mortgage loans until September 30, 2016. If your VA loan closes today through and including Sept...
Rate Watch: Reports to Observe Before Thanksgiving Earlier today, we found out that Existing Home Sales rose in October. But that’s not the only report to keep your eye on this week. Tuesday, the Gross Domestic Product (GDP) is set to be released from quarter three. It’s expected to increase 2.5%...
FHA Loan Limits Are Raised The Transportation and Housing Appropriations Bill is raising the max loan limit for Federal Housing Administration-backed loans to $729,750 for two years. This should entice more FHA approved originators to enter the market. In addition, the House and Senate have also ...

Chad Ronning

FHA, VA, USDA, Home Path
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