By

Leslie Vanderwerf

Mortgage changes effective Oct 3rd

This fall we have seen several program and underwriting guidelines change.  One of the biggest changes to the mortgage industry will happen with all new loan applications taken on or...
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Five financial reasons to buy a home

The American dream for many years has been to own a home. After the last few years, there are some that may think home ownership is not a good idea...
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Fannie Mae’s HomeReady Program

Fannie Mae is changing their My Community program and replacing it with a program called HomeReady.  It's very similar to the My Community program, still 3% down which helps many...
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Eden Prairie down payment assistance program

This program has been available for some time but I just learned about it this summer! A client of mine asked about it and I did some research for him....
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What happens at your closing?

The closing is the final piece when you buy a home in Minnesota.  It usually happens at a title company office, or possibly in the realtor's office.  When the closing...
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Do I have to have mortgage insurance? What does it do?

What is private mortgage insurance (PMI)?  Why do I need it?  I will hear from clients that they do not want PMI.  I can understand that, but depending on the...
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Why lenders want so much more information?

It's not a secret that mortgage lenders ask for a lot of information. It's also not a secret that some banks or mortgage company's may ask for more information than...
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Are you ready to buy a new home?

The housing industry is starting to grow again.  The recent reports show that sales of existing homes rose to their highest level in eight years.  New home construction is also...
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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.