Financing

Mortgage rates and home prices

Mortgage rates have dropped for some homebuyers but home affordability is near a six year high.  How does that work when interest rates are so low?  Home prices have been...
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Identity theft

With income tax time here again, I have heard more on identity theft over the last few weeks.  There seems to be more reports of people filing taxes fraudently.  There...
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How to raise your credit score

Credit scores are important when it comes to mortgage financing.  Your credit score can affect your interest rate, the type of mortgage you qualify for and possibly even if you...
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Conventional 97 or FHA – which loan to choose?

Now that FHA has lowered their mortgage insurance to .85 from 1.35% and Fannie and Freddie have come out with a 97% program, which is better?  It depends on your...
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What costs do I have to pay when buying a home?

One of the biggest questions homebuyers have is "what is this going to cost me?"  There are closing costs to pay along with your down payment and those will vary...
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Mortgages are getting more affordable for first time homebuyers

With several changes in the last couple of months, Fannie, Freddie and FHA have made it much easier for first time homebuyers!  There have been some major changes in the...
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FHA changes coming?

On Wednesday, President Obama announced a plan that could save homebuyers hundreds of dollars!  The plan is for FHA to reduce the monthly mortgage insurance premium from 1.35% to .85%...
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Are you a typical first-time homebuyer?

Are you one of the many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease? You might wonder if it...
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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.