From the monthly archives: August 2010
The Minnesota Home Ownership Center takes on the magazines article and makes it’s case for why home ownership IS a good thing(Although it may not be for everyone).
There are a number of steps that should be taken BEFORE you look at homes. Taking the these steps will help make your home buying process go smoothly.
With all the recent news about H.R. 5981, I thought I’d share that we now have through the entire month of September before the change will take place with FHA mortgage insurance premium fees. It will effect new case numbers on or after October 4, 2010.
Today is Primary Day! Don’t forget to get out and vote. If you are unsure of where your polling place is located, click here for the Secretary of State’s Poll Finder.
[ October 2, 2010; 12:00 pm to 4:00 pm. ] MN Home Loan Partners of Cornerstone Mortgage Company cordially invites you to the Fall Festival Client Appreciation. This year we will be hosting the event at our office, 436 Gateway Boulevard in Burnsville, MN. The festivities will take place between noon and 4pm on Saturday, October 2, 2010.
FHA intends on lowering upfront mortgage insurance premiums, but raising the monthly mortgage insurance premium. This will make an impact for those who are looking to purchase a home but are down payment sensitive.
PENCIL PUSHING: Do the math for yourself: 6% is a pretty normal rate in a normal economy. Just how good are rates now? On a $200,000 loan, the difference in 4.25% and 6% is $213 per month! The 6% rate produces a payment of $1,193 vs. a $980 payment at 4.25%, a difference of 17.85%!
[ May 3, 2011; 6:30 pm to 8:00 pm. June 7, 2011; 6:30 pm to 8:00 pm. July 5, 2011; 6:30 pm to 8:00 pm. ] The FHA 203k loan program allows home buyers to repair aspects of the home after closing, holding the funds designated for the repair at closing
[ August 19, 2010; 6:30 pm to 8:00 pm. ] So you want to buy a house – where do you start?! The first step towards home ownership is getting educated about the home buying process and finding a Team of Professionals you can trust and feel comfortable with. Please join us for a informative 90 minute home-buying seminar where you will learn everything you need to know about buying your first home.
[ August 3, 2010; 4:00 pm to 10:00 pm. ] This year’s Night To Unite in Burnsville takes place on Tuesday, August 3rd. Neighborhoods are encouraged to take this time to meet and socialize with their neighbors.
Watch this video for information on the upcoming First Time Home Buyer Class
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