minnesota: You can buy a home with as little as $1,000 down
- 12/21/17 07:48 AM
Buy a MN or WI home with as little as $1,000 down? Yes, it is possible.Minneapolis, MN: One of the biggest true hurdles to home ownership is a lack of down payment money. Sadly, many people don't even apply for a home loan, because they think you need a much bigger down payment than you actually may. But, if you have at least $1,000 of your own money, OK or better credit (640 score or higher), you may be able to buy your own home using our first time home buyer programs with down payment assistance. Other low down payment options include: 3% (0 comments)
minnesota: MN, WI, and SD Homeowners Switch To A 15-Year Fixed Mortgage
- 07/11/17 09:17 AM
MN, WI, and SD Homeowners Urged To Switch To A 15-Year Fixed MortgageIf you still owe on your MN, WI, or SD home, you really need to consider switching to a 15-year fixed. Here at Mortgages Unlimited, many of our Loan Officers, including myself **, have made the switch to 15-year mortgages because we’re obsessed with getting the right mortgage and we know all the advantages 15-year mortgages provide. Using a sample $200,000 home loan, homeowners with a 15-year mortgage can save over $113,000* over the life of their loan. We also help homeowners lock in historically low rates that will never (2 comments)
minnesota: What to do if you are denied a mortgage loan
- 06/24/15 12:26 AM
Denied a mortgage loan? What to do next. June 17, 2015 by Joe Metzler Minneapolis, MN: Everyone has the dream of home ownership. You’ve been looking at homes on the internet, stopped into a few open houses, and finally spoke to a Real Estate Agent. You are very excited about owning your own home. But unless you are paying cash, you are going to need a home mortgage loan. Applying for a mortgage loan, no matter who you are can feel a bit overwhelming, paperwork intensive, and nerve wracking. You finally apply, provide your paperwork, and some mean nasty horrible rotten (0 comments)
minnesota: Tough market? What is a seller and buyer to do?
- 04/26/11 04:04 AM
The real estate market today is one of the toughest in recent history. A large number of foreclosed homes on the market is marking it tough on the traditional home seller. While every market is different, most areas have seen a significant drop in value. The mortgage industry has tighten lending, with a virtual elimination of all non-traditional financing and "creative" zero down type options (although VA and USDA are still around and great zero down options). Most programs today require 3.5% to 5% down MINIMUM and good credit. Gone are the days of easy lending. Washington has tried "fixing" mortgage (1 comments)