minnesota: Top refinance mistakes and how to avoid them
- 10/05/11 01:54 AM
TOP REFINANCE MISTAKES St Paul, MN: Mortgage interest rates are the best in years, and everyone is thinking "should I refi" my home mortgage loan? For most people, a home is the biggest investment they will ever make. However, few people do the research necessary to make a good buying decision. The home-purchase process is extremely confusing for most people. With a little bit of homework, and some advice from family and friends who have been through the process before, you can make this a little easier on yourself. There is no substitute for taking the time to educate yourself before … (0 comments)
minnesota: Winning or losing in the mortgage interest rate game
- 10/03/11 06:32 AM
Mortgage interest rates -- just like stock prices -- change price daily and you can win big or lose big if you don't know what you are doing. #1 Mortgage Interest Rate and Lender Shopping Tip | MN and WI Mortgage Rates | Quote, Float, or Lock? | St Paul, MN: For the typical home buyer that is "shopping" for a mortgage, or waiting for rates to fall, or just "hasn't gotten around to it", we suggest you almost always lock, and to do it quickly. The sooner you lock your rate, the less chance you have of losing in … (1 comments)
minnesota: Don't worry about someone pulling credit when shopping for a mortgage
- 09/29/11 04:47 AM
Shopping for a mortgage loan? The average person DOESN'T need to worry about inquiries on your credit report We've all heard it before. Having someone pull your credit will reduce your credit score. Sadly, many people end up making some poor decisions based on half truths, and bad information. The fear of reduced credit scores with the occasional pull from a creditor is the most annoying, misleading, and misunderstood thing I hear every week in the mortgage business. If you are worried about "inquiries on your report", this isn't the concern most people think it is. What to know about … (2 comments)
minnesota: New Government refinance options coming soon?
- 09/28/11 02:19 AM
Minneapolis, MN: Many reports have surfaced recently that the government is seriously considering a wide range of ideas to assist consumers in refinancing their homes loans owned by Fannie Mae and Freddie Mac to take advantage of today's amazing low interest rates. For a variety of reason, mostly to due to negative equity or current tighter credit underwriting guidelines, large numbers of these homeowners have been left to the sidelines. As a Mortgage Loan Officer, I have never fully understood some of the silliness in some underwriting guidelines, and have a few suggestions. If Fannie Mae or Freddie Mac (you … (0 comments)
minnesota: Is refinancing easier than buying a home?
- 07/20/11 05:13 AM
A refinance is just as easy to get as your first mortgage… right? St Paul, MN: Many people think that refinancing is easier than buying a home for two main reasons: 1) you already have a loan on the home, you make your payments, so it should be easy to refinance. 2) your current mortgage lender already has all their information, so they with easily refinance you, and they are the best place to call ** Sorry… Not true on either count. There are many factors that might make it hard to refinance in MN: First, understand that no matter who … (2 comments)
minnesota: 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)
minnesota: You Are Entitled To A Second Opinion, Even If You Have Already Been Pre-Approved For Your Mortgage!
- 06/06/11 01:06 AM
You Are Entitled To A Second Opinion, Even If You Have Already Been Pre-Approved For Your Mortgage! Imagine you have just went to the Doctor in Minneapolis, or the Mayo Clinic in Rochester, MN and found out that you have to have surgery on your knee and the procedure will be pretty extensive! Most people just won't take the doctors word any more. They seek out another doctor for a second opinion. That's the way it should be with your home loans and mortgage too! If you have already been pre-approved or pre-qualified for a mortgage on your next home, are … (0 comments)
minnesota: Shopping Around For A Mortgage Lender? Four questions to ask.
- 05/26/11 05:42 AM
Shopping Around For A Mortgage Lender? Here is THE INSIDE SCOOP on how to IDENTIFY A PROFESSIONAL MORTGAGE LENDER, BROKER, and LOAN OFFICER HERE ARE FOUR SIMPLE QUESTIONS your Loan Officer absolutely MUST be able to answer CORRECTLY. IF THEY DO NOT KNOW THE ANSWERS - RUN, DON’T WALK RUN TO A LENDER THAT DOES! 1) What are mortgage interest rates based on? (The only correct answer is Mortgage Backed Securities or Mortgage Bonds, NOT the 10-year Treasury Note. While the 10-year Treasury Note sometimes trends in the same direction as Mortgage Bonds, it is not unusual to see them move … (0 comments)
minnesota: Zero Down Home Mortgage Loans Are Here!
- 04/30/11 01:34 AM
Zero down payment home loans are back. Actually, some of them never went away. VA and USDA Rural Development are two very popular home loan options. Learn more by watching today's "Royal" performance. CG Live from London.
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(C) 2011 - Joe Metzler - Mortgages Unlimited, St Paul, MN #274132. Re-blog but do not steal! We lend in MN and WI ONLY. Searching rates on home loans, rates for refinancing your mortgage in MN or WI. We have some of the best rates on home loans! … (3 comments)
minnesota: Fannie Mae HomePath offers 3.5% in closing costs (temporarily)
- 04/12/11 08:39 AM
Fannie Mae HomePath closing costs increased to 3.5% St Paul, MN: Fannie Mae has announced they are increasing allowed seller paid closing costs to 3.50%. This is an increase over the current 3% in allowed seller paid closing costs to home buyers purchasing a Fannie Mae HomePath foreclosed home, and is FOR A LIMITED TIME ONLY. The special offer goes back to 3.00% soon, so be aware and careful if including 3.5% Fannie Mae paid closing costs in any transaction. Watch this video for details on Fannie Mae HomePath Closing Costs Purchase agreements must be written on or after April 11, … (3 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.
TOP REFINANCE MISTAKES
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