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…
Tag: Twin Cities Exclusive Buyers Agent
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…
Are You Looking for Ways to Save for a Down Payment on a New Home?
A question for some homebuyers is… How can I save up enough money for a down payment on a condo or a home? For those who don’t have access to family wealth or are having trouble scraping together the funds, side jobs can be an invaluable source of income. Here…
Twin Cities Buyers and Sellers – Stay Focused on Your Goal
Buying or selling a home can be stressful, even in normal times. Right now, when the Twin Cities housing market is moving at a medium-to-face pace, both buyers and sellers are making rather quick decisions and it can be stressful. It’s easy to overlook the end goal; right-sized home, relocation,…