Currently viewing the tag: "Minnesota"
If you purchased or refinanced your home within the last 10 years in Minnesota, you could very well be asking yourself the question, is moving today the Right Move? The answer truly depends on your individual situation and the answers to a host of questions. For many people today, selling their current home has become not a question of should I sell my home but can I sell my home.
If you’ve already got your home listed for sale, or you’re thinking about listing your home during the holiday season, de-cluttering needs to be on your list. Take a peek at these tips from our recommended home staging company on what to do when listing your home.
Home sellers in today’s Minnesota real estate market have a host of different issues and considerations than they had when they purchased their home originally. Our Minnesota real estate market has changed and we’ve designed a class to help educate the home seller who may be looking to buy again. We will cover a host of hot topics that are top of mind for today’s home seller.
We’re introducing the newest class to our series of monthly classes on real estate and mortgage lending. All of our classes are 90-minute, no-cost, no-obligation classes designed to assist home buyers and now sellers in today’s real estate market. The landscape of Minnesota real estate and mortgage financing has changed significantly in the past few years. During this seminar we will touch on a number of “new normals” for today’s home buyer and seller.
I know what a great agent is and why you need one and as of late, I’ve seen some home buyers make some choices that have not benefited them in the way of real estate representation. I thought you may find these useful. Here are a couple recent situations that I’ve encountered that make me cringe for the home buyer’s sake.
There are varying coverages and today on a conventional loan, and there isn’t a one-size fits all mortgage insurance rate. Your mortgage insurance rate will vary based on the amount of your down payment, your credit score, your total debt-to-income ratio, the type of property you are purchasing, how much money you will have left in the bank following the home purchase and even where you are purchasing your property.
Oftentimes, experienced home buyers who have bought and financed a home before have old expectations about the process. I encourage you to remove any old understanding you have about getting a mortgage or the Minnesota real estate market. Things have changed. There is a new normal and it includes verifying more information upfront.
There are a host of first time home buyer programs available in Minnesota today from Minnesota Housing Finance Agency and other city, county and neighborhood sources and Carrie Guarrero, from Cornerstone Mortgage Company will address these various down payment and closing cost assistance programs available in Minnesota as well as the underlying loan types and qualifying requirements.
The trend of decreased new housing inventory coming on the market – new lisitings, increased purchase agreements written – pending sales, and decreased overall number of homes on the market lends itself to a market where buyers are truly having to search and sometimes fight for properties that they want. Pending sales for last week were over 300 higher in number than this time last year.
Even within these three categories, it’s important to know that not all lenders have access to all of the same products and programs or have different policies that prohibit them from doing things that another lender could do for you as a borrower.
Watch this video for information on the upcoming First Time Home Buyer Class
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