Financing

Should you pay points to lower your mortgage rate?

When you lock in your interest rate on your new mortgage, you are usually given the option to pay points. Does that make sense? In Minnesota, we usually call  it...
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Buying a home? What are closing costs? Prepaids? Seller paid closing costs?

Buying a home is one of the biggest purchases most people make in their lives. Don’t think your total cost will be just the cost of the house, however. Just...
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How long will mortgage rates stay low?

Mortgage interest rates have been lower than we expected this year and everything seems to indicate they will stay that way for a while! The Fed’s interest rate policy is...
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Are we in a recession? How does that affect housing?

On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the...
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Minneapolis Neighborhoods – median prices

Trying to figure out which Minneapolis neighborhoods could be the best fit for you? The list following the map below of Minneapolis Communities and Neighborhoods groups the neighborhoods into their better...
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How has covid-19 changed mortgages?

Mortgage rates, mortgage applications and the ways lenders do business have all been impacted by covid-19. No surprise – but how has the process changed for the home buyer? In...
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Updates on mortgage forbearance

Mortgage forbearance sounds like a great deal! You can skip some of your payments and if you have lost your job, that can really help. However, there are issues that...
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How do you get rid of PMI?

Mortgage insurance can be a big cost for homeowners. It may be anywhere from $100-200/month! Just think if you could get rid of that part of your mortgage payment!! I...
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Sharon and John Hensrud

About Us

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.