By

Leslie Vanderwerf

Using gifts for downpayments

The days of zero down mortgages are gone – other than VA loans and rural development loans.  So if you don't have any money saved up, where can you get...
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$8000 tax credit reminder…

If you are planning to buy a home this year and you are a first time homebuyer, you want to make sure you close by November 30th.  In order to...
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Conventional loan changes coming…

Mortgage approvals are going to get a little more difficult again!!  Fannie Mae is updating several underwriting policies and we will expect Freddie Mac to do the same.  Here are...
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The mortgage process….

So you are preapproved to buy a house, you write your purchase agreement, now what????  Once you have written your purchase agreement and it's accepted, your lender goes to work...
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First Time Homebuyer Tips

When you decide to buy a home, there are several questions you want to ask yourself.  Here are some tips to help you through the process. Make sure you have...
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Appraisals

One of the most difficult pieces of the mortgage process right now is the appraisal.  On May 1st, new guidelines took affect with the Home Valuation Code of Conduct (HVCC). ...
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Townhome or Condo?

With our current market conditions in Minnesota there are some differences when financing condominiums and townhomes.  Condos require a minimum of 10-15% down right now in order to get mortgage...
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Insurance

When you buy a home, you are required to buy homeowners insurance and title insurance.  Homeowners insurance provides coverage in the event of damage to your property.  Title insurance protects...
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Sharon and John Hensrud

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The HomesMSP Team is committed to meeting you where you are and listening… really listening to understand you so we can use our extensive knowledge of the market and local neighborhoods to give you personalized service.