By

Leslie Vanderwerf

New down payment assistance programs

Minneapolis is coming out with a new down payment assistance program effective April 1, 2009.   This program will allow homebuyers to get $10,000 in down payment and closing cost assistance. ...
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Fed meeting updates

The Federal Open Market Committee met this week and stunned the credit markets with their announced plans!!  They are planning to purchase an additional $750 billion in mortgage-backed securities on...
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Mortgage Insurance

Many years ago if you were going to buy a home you had two options – have 20% down or use either an FHA or VA mortgage.  Over the years...
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Conventional mortgages

One of the common types of mortgages are conventional loans – both insured and uninsured.  The difference is whether you have 20% down or not.  If you do not have...
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2009 Stimulus Package

The American Recovery and Reinvestment Act of 2009 was signed into law on Tuesday by President Obama.  The package will give some tax credits, direct aid and discretionary spending projects....
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Buying your first home…

This can be a really exciting and scary time!  I still remember walking out of our closing on our first home many years ago – we got in the car...
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Credit reports and mortgage loans

Your credit report is very important when it comes to getting a mortgage.  Now more than ever before, your credit score determines your interest rate and what kind of loan...
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Getting a mortgage…

It's a new year and we are hoping the housing market will turn around this year, but no one knows for sure!! There is a lot of talk about it...
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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.