Minnesota Mortgage Blog - Mortgage and Real Estate News You Can Use

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Mortgage and Lending - Mortgages Unlimited, Inc - NMLS 274132
Mortgage industry news and insights from a 15+ year industry expert. Mortgage and Real Estate News You Can Use
Mortgage rates in MN, WI, and SD have dropped recently to their lowest level in sometime.  Mortgage company telephones, which had been fairly quiet the past few months are ringing like crazy as homeowner call to check mortgage rates, and decide should I refi or not? Refinancing is most often used...
Less homes are still underwater. U.S. homeowners gained or regained more than $1 trillion in equity over the year that ended on June 30, 2014.  According to Core-Logic's 2nd quarter 2014 analysis, 44 million homes in the country now have positive equity, a gain of 950,000 homes during the quarter...
Lack of knowledge and misinformation may be discouraging Americans from buying a home according to a recent survey sponsored by Wells Fargo &Company.  The survey, conducted in June by Ipsos Public Affairs, found that many prospective homebuyers do not take the plunge because of uncertainty about ...
All home mortgage loans have fees knows as closing costs, which are required to process and obtain your home loan. People involved include the lender, title companies, appraisers, credit bureau, county document recording fees, and even state mortgage deed taxes. You also need to buy you first yea...
Fair Issac and Company, the creator of one of the most widely used credit scoring models, FICO, said that the latest version of its score would no longer weigh medical debts. This is major, as medical debt accounts for about half of all unpaid collections on a consumers’ credit reports. The newer...
According to a recent survey, first time homebuyers share of real estate purchases accounted for 37.2% of all homes bought in July 2014, based on a 3 month average. This is the highest level since January 2011, and up from 36.2% of the market in July 2013. Homes bought with cash declined from a 1...
USDA is changing the property eligibility map effective Oct. 1, 2012. Cities and towns that formally qualified for the Zero Down USDA Rural Development Loans may no longer qualify. This change is due to a number of reason, including larger populations, elimination of special consideration zones,...
Minneapolis, MN: As a mortgage Loan Officer, it seems I am asked what the rules are for getting a new mortgage loan after having a bankrutcy, foreclosure, or short sale about 100 times a week. Therefore I have made, and update as needed, a comprehensive list of each of their guidelines for quick ...
Worst high priced mortgage lenders, and why Here is a basic list of some of the worst mortgage company choices, and why: YOUR BANK Your bank is generally a poor mortgage company choice because they understand that you believe they are your friend. Simply because you've had a checking account ther...
Foreclosure activity down in June 2014 Foreclosure activity in June dropped to its lowest level nationwide since before the housing bubble started to burst nearly eight years ago, a new report said Thursday. The number of homes facing bank auctions, default notices and scheduled auctions totaled ...

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