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Minneapolis, MN: FHA has announced tightening of their guidelines that lenders must follow when approving loans. It estimates 4% to 5% of all FHA loans would be affected going forward versus current FHA guidelines. This works out to be between 40,000 to 50,000 loans this year.Should we be worried...
Minneapolis, MN: Mortgage insurance? Everyone asks how long before mortgage insurance cancels is a pretty common question when buying a home.The answer can vary greatly bepending on loan program chosen, the down payment size, and market conditions. Understanding the basic's goes a long way in he...
Minneapolis, MN: Are your tired of the snow yet? Record amount of snow, including the most snow ever in February here in Minnesota, along with continued below average temperatures is expected to delay the local spring this year.As many people, both buyers and sellers come out of the woodwork to...