Embarking on the journey of purchasing a new home in the Twin Cities is an exhilarating experience, particularly for first-time buyers. However, as time progresses, the process can become disheartening when each potential home fails to meet expectations. While maintaining a realistic outlook on available options and affordability is crucial,…
Tag: Minneapolis Exclusive Buyer Agents
2024 Introduces Updated Home Loan Limits
In the face of escalating home prices, consumers are finding relief through recent announcements by the Federal Housing Administration, the regulatory authority for loan limits in conforming and government-guaranteed loan programs. Home loans are broadly classified into government-guaranteed, conforming, and jumbo lending products, with jumbo loans catering to larger amounts…
Top Questions First-Time Homebuyers Should Ask a Realtor®
Are you considering buying your first home in Minneapolis, St Paul or the surrounding areas? Congratulations! This decision marks an exciting milestone in your life. While the journey to homeownership can be thrilling, it can also be overwhelming, especially for first-time buyers. To help you navigate the process with confidence,…
Twin Cities Homebuying: Questions to Ask When Touring a Condo or a Home
When you’re ready to begin searching for a new home, it’s easy to get swept up by the homebuying process. The combination of an exciting prospect of becoming a homeowner for the first time and the lack of education pertaining to the process can often lead to you leaving a…
Twin Cities Real Estate Market
The Twin Cities housing market has been crazy over the past few years. While there have always been periods of ups and downs, buyer’s markets and seller’s markets, yet the frenetic pace and swings has had everyone speculating. Now that interest rates have climbed back to more “normal” levels, those…
FHA mortgage insurance premiums
The FHA Mortgage Insurance premium will be reduced from 0.85 percent to 0.55 percent for most homebuyers seeking an FHA-insured mortgage, which could mean an estimated savings of $678 million for American families in aggregate by the end of 2023 alone. For details, please read the Department of Housing and Urban Development…