Financing

FHA changes it’s collection policy

FHA is making it easier to qualify for an FHA-insured mortgage.  Earlier this year, FHA had established a rule regarding collections that was going to be effective on July 1,...
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Shopping for a mortgage?

It's ok to shop for a mortgage – it's also ok to have more than one lender pull your credit report. Everyone knows that credit inquiries can affect your credit...
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FHA streamline refinances

As soon as the reduced mortgage insurance premium went into effect for FHA streamline refinances, some banks are saying no.   Several major lenders including Wells Fargo, Chase, US Bank, BBT...
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Why is my credit score different?

A borrowers' credit history is very important when it comes to mortgage lending.  Credit scores consider many different factors including types of credit accounts (mortgage, installment, revolving), outstanding balances and...
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FHA streamline refinance changes coming

FHA is changing the mortgage insurance premiums for those that want to refinance.  Effective with all FHA case numbers pulled on or after June 11, 2012, the mortgage insurance will...
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Mortgage basics

The mortgage world has definitely changed over the last couple of years and it isn't as easy as it used to be to get a mortgage.  But it is still...
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How to stay approved!

Your mortgage is approved, you think you are all set for closing.  Nothing to worry about, right?  Wrong!!  This is happening more and more often in the last couple of...
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Where are mortgage interest rates heading?

Mortgage rates have been fairly steady all year.  There has been some movement up just a little but in the last week or so, rates have dropped back down a...
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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.