By

Leslie Vanderwerf

Questions to ask your mortgage lender

You have made the decision – it’s time to buy a new home!!! Now what? You have lots of questions – or maybe you think you have questions but you...
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What is a USDA loan?

USDA loans are a great way to purchase a home in rural areas. What is a rural area? In the Minneapolis St Paul area, it means outside the metro area...
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Cash out refinance requirements

There are many homeowners that are refinancing or thinking about it. Many of those are looking at pulling money out of their home – a cash out refinance. With rates...
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Closing day – what happens?

It’s finally here!! The day you close on your new home!! Now what happens? Closing in Minnesota means you sign your documents and get keys to your new home! It’s...
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Refinance soon to avoid the FHFA adverse market fee

So this summer we had a short period where lenders were collecting a new Adverse Market Refinance Fee required by FHFA. That went away after FHFA decided to delay the...
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First Time Homebuyer Tips

Are you ready to buy your first home? Buying a home should be exciting and fun, not intimidating or confusing. Having answers to your questions and help through the process...
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What is title insurance?

When you buy a home, one of  the questions at closing is about title insurance. As long as you are getting a mortgage, you will need a lender’s policy –...
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Fed policy could keep mortgage rates low for a long time!

Last week the Fed Chairman Jerome Powell made a speech that signaled new policy for the Federal Reserve. They do not plan to tighten monetary policy for a long time...
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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.