Michelle's Blog

WHAT RESPONSIBILITIES DOES A BORROWER HAVE DURING THE LENDING PROCESS? To ensure you won't fall victim to loan fraud, be sure to follow all of these steps as you apply for a loan:   Be sure to read and understand everything before you sign.   Refuse to sign any blank documents.   Do not buy prope...

This article addressed the computerized appraisal methods being used by larger lenders.  http://online.wsj.com/article/SB10001424052970204204004576049974087536438.html?mod=wsj_share_twitter  

http://blogs.wsj.com/economics/2010/12/28/a-look-at-case-shiller-by-metro-area-december-update-2/?mod=wsj_share_twitter  

http://online.wsj.com/article/SB10001424052748703628204575619060971243820.html?mod=wsj_share_twitter

http://ecreditdaily.com/2010/11/fixed-mortgage-rates-enter-7th-month-5-lows-arms/  

  Mortgage Rates September 17, 2010   30 year fixed FHA Rate 30 year fixed          4.375%         5.107% APR Example: $250,000 purchase price with 3.5% down.  $241,250 base loan amount (total $245,471) 360 monthly payments ~ 640+ credit score. Monthly principal and interest payment of $1231.63 ...

Good Afternoon! Please read below about MN Housing's new 100% financing loan product.   Minnesota Housing is now offering Affordable Advantage, a conventional fixed-rate loan product that helps serve low- and moderate-income borrowers.   Minnesota Housing's Affordable Advantage has flexible terms...

Down Payment Assistance (edit/delete) 6/11/2010 4.375% 30 year fixed Minnesota Mortgage low subsidized fixed rate for 1st time home buyers, to see rates updated daily http://www.mnhousing.gov/ Income Limits for Household earning less than $83,900 for a family of 1-4 people, $90,700 for 5 people, ...

  Refinance programs are available through Fannie Mae and Freddie Mac. Fannie and Freddie each have a program that allow a first mortgage refianance up to 105% of the current appraised value of an owner occupied property. Rates on these programs, as of June 25, 2010, are in the 4's. Contact me fo...

6/11/2010 4.375% 30 year fixed Minnesota Mortgage low subsidized fixed rate for 1st time home buyers, to see rates updated daily http://www.mnhousing.gov/ Income Limits for Household earning less than $83,900 for a family of 1-4 people, $90,700 for 5 people, and $96,400 for 6 people.  A $3,000 HA...