Rather than provide their kids or grandkids with a check as a down payment on a home, some people choose to offer a gift of equity on an existing home.
Gift of Equity Conventional Loan
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Minnesota Rural Development Loan
The United States Department of Agriculture agency provides an excellent way to purchase a home known as the Rural Housing Loan or USDA loan for short. For Minnesota residents in the right income bracket, this mortgage program is a way to buy a home without making a down payment. Basics of the USDA Mortgage USDA […]
5 Different Types of Real Estate Investments
You can choose from several different ways to make money while investing in real estate. Learn the 5 types of real estate investments below.
20 Things to Do After Closing on a House
These are steps that many home buyers miss, and later wish they hadn’t. We look at the 20 things you should be doing after closing on your new home so that you don’t make the same mistakes.
Mortgage Insurance: What Exactly Is It And How Does It Help Borrowers?
The title seems misleading, right? Every mortgage lender goes to great lengths to explain to real estate agents and borrowers how mortgage insurance is necessary, how to calculate the amounts and when the mortgage insurance will likely fall off the mortgage. However, how does PMI benefit the actual home buyer?
WHEDA Loan Requirements: Wisconsin Housing and Economic Development Authority
Back in the early ’80s, Wisconsin recognized the opportunity to help its citizens with homeownership opportunities by implementing specific unique mortgage programs. From this desire, the Wisconsin Housing and Economic Development Authority (aka WHEDA) was created. Since its inception over 1,000 grants have been awarded, enabling people to find their own place to call home. […]
Jumbo Mortgage Myths That Are Holding You Back
Many misconceptions exist about the process of acquiring a jumbo mortgage loan. Thanks to the improving luxury housing market, jumbo loans have made a rebound. This article discusses the top 5 jumbo mortgage myths and why they are wrong.
10 Things NOT To Do When You Sell A Home
Lots of experts provide solid information about what to do when it is time to sell a home. This article is a twist on that idea by offering advice on things NOT to do when you sell a home.
How To Use Credit Cards To Build Credit
When used wisely, using a credit card to build credit can be a great way to increase a person’s credit score.
Niche Mortgage Programs That Home Buyers Should Know
If your situation doesn’t fit the standard expected by lenders, you could find it more difficult to qualify for the home loan you want. But there could be other options that will make financing your home purchase easier.
