Sherri 's Blog

I know, my headline may be a little offensive to some, but I had to get your attention. This is going to be well worth your 4 minutes to learn a few things about first time homebuyers and first time homebuyer programs. I'm sure you have heard of Toys R Us and Babies R Us, right? Ever heard of Ent...

  If you are under the impression that the Minnesota real estate market is still a buyer’s market, it may be time to put away the bell bottom hip huggers and burn the flower power polyester pullover.  Okay, that may be dating back a bit too far but you get my point.  Let’s time warp to 2013. Long...

Borrowers are going to pay more for an FHA loan in 2012.  FHA mortgage insurance premiums are going up AGAIN.  This change could possibly take an approved loan file straight to the DENIED bin. The recent, signed legislation to extend the payroll tax deduction means an increase in FHA’s mortgage i...

You are in your jammies, its 1:00 AM and visions of new homes are dancing in your head.   How much is this going to cost?  What interest rate will you get?  Who are you gonna call?  No need, my friend…the internet has got you covered!  Information is GOLDEN.  And if you are like most, you are a ...

Recently, my daughter had to write a short essay from a list of topics for her English class.  I wanted to share.  There is a whole lot of wisdom in this teenager's thoughts........... One of the things that confuse me most in life is why people accept average or less than average.  People live i...

The MN Mortgage Mom is on a rant.  I'm a little crazy right now. ATTENTION BUYERS!  Long gone are the days of easy real estate, no doc financing and everything in between.  Let me direct your attention to "today's world": Short sales, foreclosures, banks and asset managers...are you really equipp...

A few years ago, we lost a friend, a companion and a family member.  His name was Pup and he was a beautiful, 11 year old black lab.  Kidney disease took him.  He was incredibly special to us and the loss was sooo hard.  I remember the final days...his body was so weak, but his mind was just like...

Okay, perhaps that's a little TOO much information!  Perhaps you really don't need to know what splash of color your loan officer is bestowing on his or her bloomers on any given day. But what you SHOULD know is who your loan officer IS.  Let's see....scum bucket, slime ball, scammer, fraud frog....

via Deb Brengman Qualifying for a Mortgage, we went from one extreme to the next!  3 years ago, if you had a social security number, stated  income and ordered an appraisal (with practically a stated value), you were good to go. Today, when The Mortgage Lady meets with a potential client, one of ...

The mortgage industry has seen much blood shed in the last 2 years, particularly in the last year.  After reading a very interesting magazine article, I began to think about the future...the eminent future and a big question arose, "Who the heck is going to write these loans"?  What is the MN Mor...