The FHA Mortgage Insurance premium will be reduced from 0.85 percent to 0.55 percent for most homebuyers seeking an FHA-insured mortgage, which could mean an estimated savings of $678 million for American families in aggregate by the end of 2023 alone. For details, please read the Department of Housing and Urban Development…
Category: Mortgage Loans
What is an Appraisal?
Appraisals can be one of the most confusing aspects of buying or selling real estate for the consumer. When a buyer and seller agree upon a sales price, it can be beyond frustrating to hear that the appraisal came in with a value too low. It’s not enough for the…
Factors That Could Affect Your Credit Score
A good credit is essential for a number of aspects of your life, ranging from the interest rate on a car loan or credit card to background checks for employment. Poor credit can be incredibly expensive, which can be costly in regards to higher interest rates over the course of…
Looking for a Mortgage? How to Protect Yourself from Identity Theft
Nothing is more stressful than shopping for a mortgage and realizing your credit score isn’t what you expected. Worse still is finding that your identity has been stolen and there are fraudulent accounts or activity on your report. Recovering from identity theft can be time-consuming – you might lose your…
Condo Shopping in the Twin Cities? Get Mortgage Pre-Approval First
Across the Twin Cities, condos & lofts are selling at record prices – the median has never been higher, in fact. That’s great news for condo sellers, but not great news for aspiring condo & loft buyers, since the current active inventory is on the low-end. The high prices are…
Key Differences of VA Mortgage Loans vs Conventional Loans
Our service personnel and veterans give so much to our country. While they sacrifice much, there are a few special benefits that only these service men and women can take advantage of; one of the best benefits is the VA Loan. The VA Loan differs from a Conventional Loan in…