Should You Be a Borrower or Lender? The Return of the Personal Loan As lending requirements stay relatively tight for most consumers, the chance of borrowing outside the banking system from family or friends can be attractive. After all, it's rare to see a parent or sibling demand a credit check
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02/05/2010
The Clock is Ticking! Time is Running Out for Significant Savings! Attention home buyers! Waiting to buy a home could cost you nearly $20,000 or more over a seven-year period if you time your purchase incorrectly. While the actual impact will vary depending on purchase price, the impact will ce
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02/04/2010
Those Who Wait Will Pay Thousands More This Spring Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (F
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01/28/2010
Yes-at least for now-it IS possible. It IS also available for first time buyers. If FHA is not an option or you want to contrast it with conventional option, consider this loan. Interest rates-which change daily and by the minute-were recently advertised at 3.75% for a 5/1 ARM. Imagine that p
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01/27/2010
I received an interesting email today from one of our lenders announcing the COMBO 1st/2nd mortgage was back!!! Wow-this means avoiding the mortgage insurance and their onerous underwriting. Here is a sneak preview of the terms. Call us about YOUR situation- Minneapolis mortgage broker Criteria
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01/27/2010
Finanally, some new products are becoming available. Here is one that works for bank owned properties. Criteria: 80% loan to value conventional product for owner occupants. This product is from a large portfolio lender, so their guidelines do not follow Fannie Mae or Freddie Mac. This can be
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01/27/2010
The FHA is losing money. In fact almost 10% of the loans are delinquent. So, in an effort to preserve the integrity of the organization, they are tightening guidelines. This means, higher credit scores, higher down payments, higher mortgage insurance premiums, and tighter underwriting guidelin
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01/21/2010
Ron Insanna thinks now might the best time to buy real estate. Check out what he has to say in this video. I agree that there are some tremendous opportunities for those who want to become a Minnesota landlord. Visit msnbc.com for breaking news, world news, and news about the economy Get MN mor
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01/11/2010
How to Get 2010 Off to a Great Financial Start Plenty of people make resolutions to lose weight, get a new job or make other things happen in their personal life, but relatively few make solid resolutions about money. Make 2010 the year you’ll live a better life financially. Here are a few resolu
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01/11/2010
What's in Store for You is Largely up to You By Rob Minton & John Mazzara For many, 2009 was a year of "change". The question is, was it positive or negative. To a large extent, the answer lies within. In the MinnepolisStar Tribune today, they highlighted 3 people who had had a career change.
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01/10/2010
