first time buyer: First Time Buyer Seminar - Shoreview, MN April 21st, 2011
- 03/08/11 03:14 AM
Are you a Minnesota first time home buyer living near Shoreview, MN? If you are considering buying your first home in Minnesota you’re welcome to attend our first time home buyer seminar. This is an opportunity to learn everything you need to know to become a homeowner in an our 90 minute first time buyer seminar! Minnesota First Time Buyer Seminar Topics: How to buy a foreclosure in Minnesota How to apply for down payment assistance funds (for first time buyers) The benefits of FHA, VA, and Conventional home financing for your first home purchase The benefits of Minnesota Housing … (0 comments)
first time buyer: Minnesota FHA Loan Programs: Part 2
- 02/12/11 06:15 AM
In the first part of this article we talked about many of the benefits of the FHA loan program in Minnesota. In this part we’ll talk some more about the unique aspects. Minnesota FHA Programs Most Minnesota buyers today are opting for the fixed rate programs offered by FHA. These are available in 30 year fixed rates as well as 15 year. While most buyers will shy away from adjustable rate mortgages (ARM) in a low rate environment for good reason, FHA also offers ARMs that become popular in a rising rate environment. With these loans the rate is fixed … (0 comments)
first time buyer: FHA Loans Minnesota: Is an FHA loan right for you?
- 02/12/11 06:09 AM
When I bought my first home in Minnesota back in 1986 I took out an FHA loan for $68,000 at an interest rate of 10.5%. When I started originating home loans in 1991 I was helping Minnesota first time buyers obtain FHA loans on a regular basis. About 1 in 4 of the loans I was originating back then were insured by FHA and had rates around 8%. Over the last 3 years FHA has made a dramatic resurgence and upwards of two-thirds of my borrowers are opting for FHA loans now with interest rates less than half of that … (0 comments)
first time buyer: Buying a Home in Minnesota: First Payment and Beyond
- 02/12/11 01:14 AM
Congratulations! You’ve closed on the purchase of your Minnesota home. It might feel like it’s been a long road but now that you’ve moved in, you will know that it was all worth it. Let’s take a look at how your monthly payments will work. Buying a Home In Minnesota Step 8: First Monthly Payment and Beyond Welcome Package Watch your mail for a welcome package from your loan servicer, the company that is going to collect your monthly payments. In this package you will get instructions for how to make your monthly payments, including instructions for how to make automatic … (1 comments)
first time buyer: Buying a Home in Minnesota: The Loan Closing
- 02/10/11 12:05 AM
The loan closing is the culmination of a lot of work of dozens of people involved in your loan process. It’s an exciting time in which the property ownership transfers from the seller to you. By this time, all the hard work is done and now you’re ready to sign the loan closing documents! Buying a Home in Minnesota Step 7: The Loan Closing At some point after loan application your real estate agent will coordinate a closing date and time that is on or before the date specified on your purchase contract. The closing involves several people who will all … (1 comments)
first time buyer: Buying a Home in Minnesota: Between Loan Application and Closing
- 02/08/11 01:15 PM
Once you have completed your loan application you will have 30-45 days until your loan closing in many cases. It may seem like an eternity at the moment but the time flies by. There are several key things to be doing between your loan application and loan closing. Buying a Home in Minnesota Step 6: Between Loan Application and Closing Home Inspection In almost all cases in Minnesota, buyers will make their purchase offer contingent upon a satisfactory home inspection. The home inspection is generally required to be done within a few days after you have reached an agreement to purchase … (1 comments)
first time buyer: Buying a Home in Minnesota: The Loan Application
- 02/08/11 01:06 PM
After you have come to an agreement on the purchase offer for your Minnesota home, it’s time to get in touch with me convert your preapproval application into a real transaction based on the property you just bought. Buying a Home in Minnesota Step 5: The Loan Application It’s an exciting time when you’ve reached an agreement with a seller. Homeownership is within sight! It’s important for us to get started right away after you have reached an agreement. During the preapproval we based everything on a hypothetical property. After you have the agreement we change all the numbers on the … (0 comments)
first time buyer: Buying a Home in Minnesota: The Purchase Offer
- 02/08/11 10:02 AM
Having gone through the work of getting preapproved for financing, defining your search criteria, and finding your dream home in Minnesota, you are now ready to negotiate a deal! Buying a Home in Minnesota Step 4: The Purchase Offer One of the areas that causes much anxiety when buying a home is negotiating the agreement to purchase a home. It is simply something you do not do every day and at the same time is one of the most important financial decisions you will make. I’ve come up with some tips below as your offer relates to mortgage financing. When it … (0 comments)
first time buyer: Buying a Home in Minnesota: House Shopping
- 02/08/11 12:28 AM
Once you have undergone the preapproval process to buy your Minnesota home, you will be ready to start looking at homes that you have found on internet searches. Buying a Home in Minnesota Step 3: Find the House of Your Dreams When you work with a real estate agent to find a home you will be investing quite a bit of time with them while looking at homes. You will want to be respectful in terms of scheduling showings. Make sure to allow ample time for your agent to schedule home showings and to clear their calendar to meet with you.
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first time buyer: First Time Homebuyer Minnesota (MN): Your Step By Step Guide
- 02/07/11 02:35 PM
Are you looking to buy your first home in Minnesota? You've come to the right place! In this series of short blog posts I will help you learn everything you need to know about how to buy your first home in Minnesota. In this online guide I'll cover mortgage pre-approval, how to negotiate on homes, what happens before and after closing and more. Preparing to be a Minnesota First Time Home Buyer Step 1: Get Preapproved If you are not able to buy your first home outright with cash, you'll be looking for home financing as are most Minnesotans. In order … (0 comments)
first time buyer: Minnesota First Time Home Buyers and Down Payment Assistance
- 02/04/11 09:17 AM
Minnesota First Time Buyers While the mortgage and real estate market have waxed and waned over the years, Minnesota first time home buyers have enjoyed the benefit of some extraordinary opportunities to finance their homes with special financing from the State of Minnesota. The Minnesota Housing Finance Agency (MHFA) has invested over $8 billion dollars into Minnesota real estate through its programs designed to help the Minnesota first time home buyer. There are several advantages to the programs offered through MHFA. Many Minnesotans buying their first home have taken advantage of their below market interest rate programs. This special rate has … (0 comments)
Are you a Minnesota first time home buyer living near Shoreview, MN? If you are considering buying your first home in Minnesota you’re welcome to attend our first time home buyer seminar. This is an opportunity to learn everything you need to know to become a homeowner in an our 90 minute first time buyer seminar! 
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