Financing

FHA changes coming soon, HUD press release issued

HUD issued a press release this week outlining the changes we knew were coming, but were hoping wouldn't be here until later this year!  The changes won't be effective until...
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The FHA assumable mortgage option… another possibility to bring buyers and sellers together

A financing option we often forget about is the fact that an FHA mortgage is fully assumable by a qualified buyer. This could be an option for buyers who don't...
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Is it time to refinance or should I wait?

Some of my clients are wondering if they should refinance or wait.  The main reason is their home value.  This is a big question when it comes to refinances.  If...
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What’s a qualified mortgage?

This week the Consumer Financial Protection Bureau released their new guidelines that all lenders will have to follow.  The "ability to repay" and "qualified mortgage" rules will go into effect...
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Planning to buy a condo with FHA or VA financing? Find out which ones are approved!

Did you know that not all condos are approved for FHA or VA financing? That's right… in order to qualify for FHA/VA financing a condomimium project must be on their pre-approved list. If...
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Fiscal cliff changes that may affect you

Congress finalized the fiscal cliff deal last week and made some changes that will affect homebuyers.  Here are some of the changes! One big one is the tax break on...
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2013 and what direction are interest rates heading?

I hope everyone had a wonderful holiday season and wow – it's 2013!!!!  So what's going to happen this year?  Are interest rates going to go up, stay the same? ...
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How much home can I afford?

This is a question that I get asked a lot – sometimes it's more of "how much can I qualify for?"  Everyone is different and how much you can afford...
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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.