From the category archives:
Twin Cities Mortgage Info
by Kermit Johnson on April 16, 2008
Here is a letter that came to me from a knowedgeable Minneapolis area loan officer. It explains a program that will be helpful to Minneapolis home buyers who might have difficulty coming up with cash to close. I thought it would be worth sharing with you:
Kermit,
The Nehemiah program is a non profit program that is available for existing properties and new construction. Basically it is a program where the seller can contribute up to 6% of the selling price to go towards the buyer’s down payment, closing costs and pre-paid expenses. [click to continue…]
by Kermit Johnson on March 17, 2008
Effective March 6th,2008, FHA began offering temporary higher loan limits. As part of the Economic Stimulus Act of 2008, FHA is permitted to insure loans up to [click to continue…]
by Kermit Johnson on January 22, 2008
Mortgage Debt Cancellation Relief - Brief Summary
Congress has responded to problems created by the subprime crisis, [click to continue…]
by Pat Barney on November 2, 2007
Over time I have received numerous questions regarding the current credit scoring system. The predominant question seems to be; what goes into determining my credit score? [click to continue…]
by Pat Barney on October 2, 2007
Prior to the credit crunch/liquidity issues, credit and money was easier to get [click to continue…]
by Kermit Johnson on August 31, 2007
Since April of this year, the National Association of Realtors has been saying that the mortgage market crisis is the most critical issue facing the real estate industry, if not [click to continue…]
