MN Mortgage Matters

Housing Rebound Predicted for 2012: 6 Reasons Why The New Year is almost here, but what can we expect to see in 2012? Experts say that there have been strong signs that the single-family housing market is ready for a rebound this year. The National Association of Realtors is forecasting that ther...

Should You Get a 30-Year or 15-Year Mortgage? Last week, we wrote about what you should expect if you get a 30-year fixed mortgage. Another popular option is a 15-year fixed mortgage. Both will keep your interest rate and monthly payments the same throughout the life of your loan, but how do you ...

Reasons Why We Need So Much Documentation From You As you prepare for a mortgage application, we want to educate you on why we ask for, what may seem like, an excessive amount of documentation during your mortgage process. Due to lax underwriting from 2004 to 2008, Fannie Mae and Freddie Mac deci...

Real Holiday Movie Homes The holiday season is usually associated with family and home. So it’s no wonder that when it comes to some of our favorite holiday movies, the homes are just as memorable as the movies. While some of these homes were created by Hollywood, there are a few that are real. H...

90 Day Flipping Waiver Set to Expire Currently, the 90 day flipping waiver that is in place allows properties to be re-sold within 90 days and the seller won’t come under any specific exemptions that apply to the 90-day rule. However, this waiver is set to expire on December 31st, 2011! HUD has n...

What Is a 30 Year Fixed Mortgage? We know that getting a mortgage can get frustrating, especially if you’re buying your first home. There are many options and terms associated with a mortgage: fixed vs. ARM, FHA, Jumbo and so much more. At Guaranteed Rate, we never like to leave anyone in the dar...

Will Renters Save the Housing Market? Recent news has been buzzing about how the market is improving, but it’s been a slow growth. Many are wondering what can give it the extra boost it needs to be completely healthy, and some are answering it with an unusual answer: renters! Because homeownershi...

Rates Remain Aggressive As we near the end of 2011, the holidays can normally drive slightly higher mortgage rates as investor demand pulls back. Rates, however, have remained aggressive as ever as the balance of supply of mortgage applications versus investor demand has remained steady. The U.S....

Mortgage Rates Hit Record Lows Again This week we saw record low mortgage rates that we haven’t reached since the beginning of October of this year. Although we’ve seen very low mortgage rates over the last few months, we haven’t seen the same lows of early October until now. Homebuyers should ta...

Buying Your First Home? 3 Steps To Take Before The Mortgage Deciding to buy your first home is an exciting, but intimidating step in life. You may have a lot of questions and not sure who can answer them for you. Here are a few things you should consider before making the plunge into buying your ...