New Appraisal Rules starting in Sept 2011
Appraisals are changing again. Fannie Mae and and Freddie Mae have decided to change the way appraisers describe the quality and condition of homes. Appraisers have always described properties as...
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Home lost value? Yes you can refinance
(edited: New rules took effect 10/24/2011 – Click here to view new rules) HARP – Special Affordable Refinance Program Has your home LOST VALUE? THIS IS YOUR BAILOUT! The funds the Obama Administration...
View ArticleGovernment to step in with new refinance options?
Minneapolis, MN: Many reports have surfaced recently that the government is seriously considering a wide range of ideas to assist consumers in refinancing their homes loans owned by Fannie Mae and...
View ArticleMortgage Interest Rates about to go up due to new HIDDEN tax
All home mortgage interest rates are about to go up due to new hidden tax congress buried into all new mortgage loans. As part of the deal to extend a temporary reduction in payroll taxes, Congress...
View ArticleHARP 2 not ready until March 15th – Why?
HARP 2 – Not ready until March 15th, 2012 Minneapolis, MN: There is a lot of consumers interested in a HARP refinance in MN and WI. The Home Affordable Refinance program allows home owners who have...
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Who owns my mortgage loan?
Who owns my loan? Minneapolis, MN: Until recently, no one really needed to know, and no one really cared who ultimately owns their mortgage loan. Home owners receive their monthly statements, and make...
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HARP 2.0 is really HARP point NO for many people
HARP Refinance – The first few months HARP 2.0 has been in place for awhile now, and although I have helped several people refinance their underwater loans with the HARP 2.0 loan program, it has...
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Fannie and Freddie Suspend evictions for Christmas
Minneapolis, MN: Freddie and Fannie both announced that they will be suspending evictions nationwide between December 17, 2012 and January 2, 2013 on foreclosed occupied homes. Such a joyous season…...
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FHA Loans versus Conventional Mortgage Loans
Many folks are confused when it comes to loan options. What type of loan, FHA Loan, VA Loan, or maybe a Conforming Conventional loan? What about fixed rates versus adjustable loans? Here are some...
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3% down payment mortgage loans back
Minneapolis, MN: Fannie Mae and Freddie Mac have recently announced they are bringing back 3% down payment options. Currently, most conventional conforming loans require a minimum down payment of 5%,...
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