When you see the word DISPUTE on a credit report, you have an instant stopper in closing on your home. Sure, you may have a 740 credit score and have followed all the tips to keep your credit looking fantastic, but the devastation of a dispute isn’t as widely recognized. Why does a dispute on your credit report matter? Read on….
*First time homebuyer is defined as someone who has not had ownership in a property in the past 3 years. Therefore, if you’ve previously owned a home, but have not owned in the last 3 years, you have the ability to utilize these programs and receive the benefits of being a first time homebuyer again! Call me for details today!
According to the Weekly Primary Mortgage Market Survey from Freddie Mac, the average rates over the last week for a 30 year fixed mortgage is 4.40%. This is just a tick higher than the previous week and the highest they have been since the end of July, beginning of August 2010. Although the rate differences are slim, prospective buyers need to be aware that as rates rise, they will affect your buying power.
Cornerstone Mortgage Company had the lowest refinance rate among reporting lenders in the second quarter 2010.
70% of Americans believe its a good time to buy a home. This is even after they have been hearing all the issues about the housing industry. When Fannie Mae conducted same survey in January or 2010, 64% of Americans believed it was a good time to buy a home.
From May to 2009 to May 2010, there was a 15% increase in closed sales. From June 2009 to June 2010 the number flip flopped to a 12% decrease in closed sales, sitting at 71 closings last month. YTD that leaves the overall closed sales figure up 7% with a total of 328 closed sales in Burnsville real estate.
[ 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.
If you’re thinking about buying your first home, these five steps can help ensure you get the right house and the affordable financing that helps make home ownership a long-term success:
The Dakota County CDA has announced a rate change for the first mortgage. The new rate is 4.75% for all loans reserved beginning July 2, 2010 and continuing until further notice.
I told this woman (we’ll call her Elna) that she could possibly qualify for a low fixed mortgage interest rate of 4.75%, and receive up to $15,000.00 in down payment and closing cost assistance using Dakota County Bond
Watch this video for information on the upcoming First Time Home Buyer Class
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