va loan: Use seller paid closing cost to sell your home faster.
- 10/04/22 11:02 AM
Use seller paid closing costs to sell your home faster. Minneapolis, MN: The real estate market has changed very dramatically the past few months as mortgage interest rates took a big jump, slowing down buyers and removing a lot of the crazy multiple offers being made.
As homes are taking a while longer to sell, common tips that simply disappeared the past few years are coming back. Here is are some great tips for selling your home faster by helping the buyer.
What Are Seller Paid Closing CostsSimply put, seller paid closing costs help buyers, and that helps you, while generally not really costing … (2 comments)
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va loan: National Homeownership Month
- 05/19/22 12:34 PM
June is National Homeownership MonthMinneapolis, MN: We all need a place to live. While renting works for many people, especially short-term, homeownership has a well documented history of major benefits, proving why throughout history so many people are eager to buy a home.
From a place to call home, lay down roots to raise a family, being able to have a dog, and crank up the stereo without being yelled at, to building wealth, nothing beats homeownership.
We all know that real estate is one of the best ways to build wealth. A recent Federal Reserve survey found that the medium net worth … (2 comments)
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va loan: Surviving Unsuccessful Offers
- 03/15/22 07:10 AM
Minneapolis, MN: It is no secret that buying a house in today's market can be a challenge with the low inventory of homes for sale, and having to make multiple offers before successfully buying a home.
Falling in love with a home, and then having your offer rejected is no fun, and if you've been through a few rejections, definitely discouraging.
Here are a few thoughts to mentally stay in the game, and potential options to make your offer stronger.
Remember, it's not really 'you' that is getting rejected. In a multiple offer game, especially these crazy 10, 15, 20+ offer homes, being … (4 comments)
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va loan: VA Loans Expand Eligibility
- 08/27/21 09:23 AM
Minneapolis, MN: Mortgages guaranteed by the Department of Veterans Affairs ( VA Loans ) were among some of the most popular home loan last year, as thousands of current and former servicemen and servicewomen used the program to buy or refinance their houses.
New Legislation Expands Eligibility
Under new rules, members of the National Guard and Army Reserve who have been activated in response to the COVID-19 outbreak, recent civil disturbances and natural disasters are now eligible for VA mortgage loans with nothing down.
Previously, these servicemembers needed at least 90 days of consecutive active-duty service to qualify, or to have been in the … (0 comments)
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va loan: Trust your neighbor, mortgage shop local tips
- 06/29/21 07:08 AM
Minneapolis, MN: When in need of home financing, most people have no idea who to turn to for their mortgage. Old school advertising, like radio and TV are still around, but in the digital age, we are now bombarded with ad's for mortgage companies all over the internet, and all your social media platforms, which can lead you to fall for the myth of better mortgage deals with big outstate internet lenders.
So is it good to use a big internet lender?
Will you get your loan? Sure, but the reality is that most mortgage deals from the big internet lenders are actually worse, not … (1 comments)
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va loan: Down payment requirements
- 09/25/19 01:37 PM
Minneapolis, MN: Are you wondering how much you may need to save for your new home?
It may not be as much as you think!
O Down PaymentThe VA Loan for our military personal and the USDA rural housing loan both offer a zero down payment loan program for individuals and/or properties that meet their criteria. Sometimes this can be done with little to no cash out of pocket.
3% Down PaymentThere are conforming conventional first time home buyer loan programs, like HomeReady from Fannie Mae and Home Possible from Freddie Mac only require a small 3% down payment. You may even be able to fund your down payment with gifts, grants, … (1 comments)
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va loan: Why a VA Loan?
- 02/05/19 08:43 AM
A VA loan is perhaps the most amazing loan in the housing market today!
Minneapolis, MN: Rather than issue loans, the VA instead pledges to repay about a quarter of very loan it guarantees in the unlikely event the borrower defaults. That guarantee gives VA-approved lenders greater protection when lending to military borrowers and often leads to highly competitive rates and terms for qualified active duty personal and veterans.
VA Loan Solutions Right For You!
Whether you’re buying your first home with a VA loan, or you’re an experienced buyer using your VA benefits again, we have the right VA loan for you!a home … (2 comments)
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va loan: VA loan myths dispelled
- 07/09/18 02:35 PM
Minneapolis, MN: VA home loans are one of the greatest benefit to our U.S. Military personal that most vets will ever use. Dispelling VA loan myths that prevent them from using their benefits is therefore very important.
VA loan Myth 1): All veterans are guaranteed a VA loan.Reality: Veterans are NOT guaranteed a VA loan. All loans, even VA loans have fairly standard underwriting guidelines that all applicants must meet, including debt-to-income ratios, credit scores, The confusion generally starts with that the Veterans Administration does NOT actually do loans. Instead, the VA guaranty is to the lender that actually makes the loan. If the veteran … (2 comments)
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va loan: Checklist - Shopping for a mortgage loan
- 12/29/17 12:20 PM
Best CHECKLIST - Shopping for a mortgage loans
Minneapolis, MN: Face it, few of us can pay cash for a home, so you are going to need a home mortgage loan. A little bit of information can go a long way into determining who to use for your financing and why.
Mortgage Loan Types
Most people will end up with one of the standard tranditional loans; a Conforming conventional loan (Fannie Mae or Freddie Mac backed), and FHA loan, a VA loan for our military personal, or a USDA Rural Development loan.
These loans all have the exact same underlaying guidelines, no matter what bank, … (1 comments)
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va loan: VA Streamline Refinance Program in MN, WI, and SD
- 07/18/12 10:58 PM
VA STREAMLINE REFINANCE
An "Interest Rate Reduction Refinance Loan" (IRRRL) or VA Streamline Refinance allows Veterans to refinance their current mortgage interest rate to a lower rate than they are currently paying. This program is only available to veterans who are refinancing their original VA mortgage in which they utilized their original eligibility.
VA Streamline Loan Guidelines:
There is no cash out on an IRRRL loan The VA charges a 1/2 percent funding fee to guarantee the IRRRL Loan The VA loan being refinanced must be current and have a perfect pay history for the last 12 months No assumptions are allows Second mortgages can … (1 comments)
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va loan: VA Streamline Refinance Loan
- 05/04/12 11:21 PM
VA Streamline Refinance
Minneapolis, MN: Everyone is talking about the HARP 2.0 (Home Affordable Refinance Program) loan. But what is you have a VA loan?
A VA Streamline Refinance is similar to the FHA Streamline Refinance. It is officially known as a IRRRL loan (interest rate reduction refinance loan) because of the money you can save by lowering your monthly interest rates. It was created by the VA in an effort help our veterans secure the lowest interest rate possible. This VA loan process is done quickly, with minimal hassle so our veterans can save immediately.
Veterans who have served active … (2 comments)
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Use seller paid closing costs to sell your home faster. Minneapolis, MN: The real estate market has changed very dramatically the past few months as mortgage interest rates took a big jump, slowing down buyers and removing a lot of the crazy multiple offers being made.
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