By

Leslie Vanderwerf

First Time Homebuyers

There are several different programs for first time homebuyers.  Many first time homebuyers will use FHA mortgages since they only require 3.5% down.  That is now one of the lowest...
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Mortgage approvals – easier or not?

As we get more information regarding the new HARP guidelines with easier rules, we are also seeing tougher underwriting for most mortgage programs! We are still waiting for most of...
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New HARP refinance guidelines

This week Fannie Mae and Freddie Mac released the new revised guidelines for HARP II.  HARP is the Home Affordable Refinance Program that was started in April 2009.  Last month...
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Short Sales

Short sales are becoming more and more common.  The one thing that they are not is "short" as far as time goes!!  A short sale means that the seller is...
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Fed meeting this week – no changes!

The Federal Reserve Board had it's meeting this week and on Wednesday announced that they were leaving interest rates unchanged.  The plan for now is to leave the Federal Funds...
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Fannie, Freddie Changes to the HARP refinance program

The government annouced changes to the HARP program (Home Affordable Refinance Program) on Monday.  These changes were made to allow more homeowners to refinance more easily.  The changes look like they...
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What makes mortgage rates change?

Mortgage interest rates are not set by the banks, lenders or brokers.  The rates are based on mortgage-backed securities that trade like regular stocks and bonds.  Basically, if the securities...
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What happens if your mortgage loan is denied?

So you are in the process of buying a new home and find out that your loan was just denied.  Now what??? First of all, talk to your loan officer...
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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.