Thank you to those who joined us last night for our MN First Time Home Buyer Class. We always enjoy the energy our attendees bring, and the questions they ask! Below we are giving you a sneak peek at a couple answers to some great questions that were asked!
We invite you to engage with us and ask questions during our 90-minute class that’s packed with information to help you get started right. During this MN first time home buyer class we will discuss a variety of topics including special programs available to all MN First Time Home Buyers using the MN Housing First Time Home Buyer Programs with Down Payment Assistance and MN First Time Home Buyer Closing Cost Assistance.
Have you ever walked into a house that needed some repairs? Did the extent of work needed scare you away from buying that house, even if the rest of the house was great? Sounds like an FHA 203K Program might be the right thing for you! The FHA 203K can be used for MN First Time Home Buyers and non-first time home buyers.
We will walk you through the home buying process just like it happens in real life. You’ll start by gaining an understanding of the current Minnesota Real Estate Market and move through home loan pre-qualification, home loan options, and home loan pre-approval. We’ll dive deep into what a mortgage lender looks at in terms of credit, income, assets and loan options. Once we’ve completed that step, we’ll walk you through the home search process, writing offers, home inspections and home appraisals.
First, I want to thank everyone who was able to join us last night! Thanks for taking the time to learn the in’s and out’s of buying your first home! Next, I want to share with those who couldn’t make it a couple great questions that came up during class and provide you with the answers.
The current low interest rates still leaves many markets accessible to average income Americans outside of traditionally high cost areas, including MN First Time Home Buyers. However, there is potential that pairing the increasing interest rates with increasing home values can absolutely affect the cost of housing even if the actual prices don’t rise quickly or dramatically.
Being armed with the knowledge you need to make informed decisions on one of the largest purchases you may ever make is priceless, but the information is free! There’s no one loan program that works for all MN first time home buyers – there are a variety of options and different guidelines for different financial circumstances. Let us help you take the first step toward your first home purchase with confidence!
How did we fare year end of 2013 in the Minnesota real estate market? It looks like the market recovery continued throughout the year! In the Twin Cities, there had been lower supply levels making for a strong demand and helped home value prices show positive recovery. The level of demand we saw in 2013 had not been seen since 2005!
The new Minnesota Homeowners’ BOR really just solidifies rules already in place at the federal level. With just under 18,000 foreclosures in Minnesota in 2012 (down 16% from 2011 but is still nearly triple the number that took place in 2005), an article like this seems highly necessary.
An interview with Carrie Guarrero, Vice President and Producing Manager of Cornerstone Mortgage in Burnsville, Minnesota confirms much of what I have learned from other accomplished people – and while their industries and personalities vary widely, they possess definite similarities. I find that many people seeking their secrets have good news/bad news reactions to the fact that there is no mystery to the mastery.
Watch this video for information on the upcoming First Time Home Buyer Class
MN First Time Home Buyer Class
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