minneapolis: Rates are low. Should I be Refinancing?
- 06/29/11 03:32 AM
Mortgage Interest Rates are hovering near historic lows. Should YOU refinance? Minnesota and Wisconsin homeowners - The first rule is that there are no rules. You should refinance if it makes sense for you. Many people still think the "Rule Of Thumb" is that that if you could lower your interest rate by 2% or more then you should refinance; Depending on your situation, it may make sense for you to refinance even if you can lower your rate by only 1/2%. It's time to seriously think about refinancing your current mortgage, especially if your interest rate is 1.0% or higher … (1 comments)
minneapolis: What is HomePath and HomeSteps?
- 03/22/11 09:23 AM
You've seen the logo's, but what is HomePath and HomeSteps?go! The HomePath and HomeSteps programs allows a person to buy a specially designated Fannie Mae or Freddie Mac owned foreclosed property with a low down payment, flexible mortgage terms, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions to closing costs are allowed as well How Does It Work? Simple. Just follow these steps: Apply with a lender. Get Pre-Approved. Just qualify for a traditional financing with at least 3% down. Meet with a Realtor - Look at homes, buy your dream house. You MUST select a home … (2 comments)
Mortgage industry news and insights from a 15+ year industry expert. Mortgage are Real Estate News You Can Use.
Joe is a Certified Minnesota Mortgage Specialist, who provides home mortgage loans not only in the Minneapolis, St Paul area, but all of Minnesota and Wisconsin.
Mortgage Interest Rates are hovering near historic lows. Should YOU refinance?
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