Tag Archives: loans

Don’t Do It!

You’ve seen lists telling buyers what to do to find the right home but knowing what not to do can be just as important.  After finding the right home, negotiating a contract, making a loan application and inspections, buyers, understandably, start making plans … Continue reading

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Latest Mortgage Woes

Last week, a credit score of 620 was enough to get buyers the best interest rates. Today you most likely need a credit score of at least 680 and a down payment of at least 30% to be offered the … Continue reading

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Choosing a Lender, Part 1

Buyers tend to focus on interest rates to the exclusion of all else. They’ll carefully shop rates looking for an eighth of a point off here and a quarter off there and not pay any heed to the lender’s reputation. … Continue reading

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Choosing a Lender, Part 2

Just remembered another thing about choosing a lender… A loan officer may promise you a below market rate and points in order to win your business. You may even feel very virtuous about your success in beating the poor guy … Continue reading

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Reverse Mortgages

Well, I’ve been writing an entry on reverse mortgages for a couple of weeks now (entirely in my mind, so far) and here Bonnie Erickson, a real estate agent in the St. Paul and Minneapolis area, has gone and done … Continue reading

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