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Did your parents ever order you to “March!”? It usually meant to get moving in a direction you’d already been told to go but had procrastinated, repercussions had now been threatened and you got your – well – ‘marching orders.’ While I do not want to be viewed as the “Mean Mommy of Mortgage” here, I do want to point out some very important things you should be thinking about, planning for and doing in this last month of the first quarter 2012.
My version of the “Ides of March” is generally far less dramatic: This time of year, I’m ready to drop kick winter, reduce the number of layers I wear and watch trees leaf out, but all my wishing and wanting won’t make it happen any faster than it’s going to on its own. But this March in particular has me thinking that there are some potentially serious “Ides” for renters, people who want to own a home at some point, homeowners paying more than 5% in interest on their mortgages, homeowners who have some equity, folks thinking of downsizing and anyone who needs a roof over their head. I call them “I’ds.”
This 90-minute Free First Time Home Buyer Class will prepare you for the next steps in the home buying process as a first time home buyer in Minnesota. You will leave with an understanding of the home buying process as well as special first time home buyer program options that may be available to you as a first time home buyer in Minnesota. Register for March 15th First Time Home Buyer Class.
FHA is changing the way they calculate mortgage insurance – again. I recently wrote a post about home buyers who are fence sitting and this is simply one more reason why moving forward this month may make sense for home buyers who are using FHA financing.
We truly take the mystery and many common questons out of the process of buying your first home in a relaxed, fun, educational atmosphere. Register for this first time home buyer class or, register for an upcoming class:
The term sweetheart deal is used to describe an abnormally favorable contractual arrangement and is frequently used in describing deals involving government officials, and hints at the presence of corruption – according to Wikipedia. So that explains the sarcasm that often surrounds it and why it seems to get used when someone regrets giving such a deal or is envious that someone else got one. “Sweetheart deal” sounds so pleasant and inviting, yet it’s got a pretty unsavory origin and history. Since February is strongly associated with sweethearts, I thought I would try to polish the image of the sweetheart deal and let you know about some that are real, amazing and totally on the up and up.
Auto racing fans are quite a passionate group. They follow their drivers, show up to races in droves and support the sponsors. Like any sport or hobby, racing provides an escape from other things we have to think about, pay attention to, watch or know. Unlike stats and outcomes in professional sports, there are some facts and figures about real life in our hometowns that influence us directly as well as empower us to influence our direction in life.
We have specifically designed this Minnesota First Time Home Buyer Class to walk you through the process of getting pre-approved for a mortgage loan and buying your first home as you will go through it in real life. You will leave this first time home buyer class knowing the next steps you need to take toward buying and financing your first home as well as a far greater understanding of the entire home buying process from beginning to end.
Seriously, we don’t want to see cash in a mortgage transaction. In fact, we can’t use cold hard cash, but we will need to verify your assets and there are some, like cash, that aren’t acceptable sources for down payment or closing costs. There are other sources, like gifts, down payment assistance or closing cost assistance for eligible first time home buyers that may surprise you!
It won’t seem strange to most to know that we will be assessing your income situation when you apply for a home loan. The average person believes that it makes sense that we know you have the capacity to repay a long-term monthly obligation like a mortgage with reasonable amount of verifiable monthly income. There are however, a number of different things that most home buyers don’t understand about income qualifying for a mortgage. There are things we count and things we don’t count when considering your income and a few of them may surprise you!
Watch this video for information on the upcoming First Time Home Buyer Class
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