Financing

Conventional 3% down again??

Fannie Mae used to offer 3% down conventional loans until a couple years ago….they went away with several changes due to the number of foreclosures, etc.  They are coming back!...
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What do I need for a loan approval?

As I have had more people asking to get a mortgage approval, I thought it was time to remind everyone what you need for that approval!  Most of the information...
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Should you refinance your home now?

With mortgage interest rates dropping again, is it time to think about refinancing?  There are some reasons that you should look at refinancing, but make sure it makes sense for...
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Mortgage interest rates dropping?

Mortgage interest rates have been dropping lately due to weaker than expected economic data.  I really don't think anyone expected that rates would drop again, but they have.  Right now...
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Credit report updates!

So you want to buy a new home? Or you want to refinance?  One of the first things that lenders will look at is your credit report.  If you are...
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FHA fees are holding back first time homebuyers

In recent testimony before Congress, Federal Reserve Chairwoman Janet Yellen confirmed what many potential homebuyers have known for years. "It has now become the case that any borrower without a pretty pristine...
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How much do you have to earn to buy a median-priced home?

The National Association of Realtors put together the infographic below with 5 of the most Millenial-Friendly Cities… the most affordable cities for first-time homebuyers. Good news… Minneapolis made the list,...
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Four mistakes some make with closing costs

All mortgages require closing costs.  They can be paid by the borrower, the lender and sometimes the seller.  It may be a combination of all three.  The most important part...
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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.