Where are all the Twin Cities Houses for sale?

Inventory is dramatically shrinking and it is commonplace in many markets to have multiple offers on a home. While the sellers would prefer to be able to choose the best offer for them, it can be incredibly frustrating for the buyers who might consider the following tips to get their offer accepted. 1. Remove the uncertainty that you may not be approved for a mortgage by having a pre-approval... [Read more]

Minneapolis Communities and Neighborhoods – Minneapolis Homes & Minneapolis Real Estate

There are eleven communities in the city of Minneapolis each of which is divided in several neighborhoods. Officially, there are 81 neighborhoods of the city. Below are the communities and neighborhoods of Minneapolis. Calhoun-Isles is an affluent, upscale area of Minneapolis that is situated southwest of Downtown. It is where the Uptown district is found. Most of the nightlife, restaurants and upscale... [Read more]

Minneapolis St Paul Renters Want to Buy

Fannie Mae, in a recently released study http://www.fanniemae.com/portal/research-and-analysis/housing-quarterly.html , states that consumer attitudes continue to be favorable about homeownership, particularly with the younger generations, ages 18 to 34. Slightly over half of them think that owning makes more sense than renting when comparing the financial and lifestyle benefits. 90% of aspiring owners... [Read more]

Mpls St Paul Home Values–What’s It Worth?

How much is a one carat diamond worth? Anyone who has shopped for one knows that the price could have a significantly wide range of value. It’s been said that purchasers should consider the color, cut, clarity and carat size to compare stones but when it gets down to decision time, buyers still want to know “how much is it worth?” Real estate valuation can be equally as confusing to the... [Read more]

Minneapolis St Paul Homeowners – Will the “Good Life” Be Ready When You Are?

The Life of Riley was a TV show from the 50’s starring William Bendix but the title’s origin came from an expression meaning that a person was living the “good life.” Most people envision themselves living the good life by retirement but don’t really have a plan to get there. There’s a rough rule of thumb used to estimate how much net worth a person would need by the time they retire to... [Read more]

Solution To A Wet Twin Cities And All The Rain

Just Watch The Video & Enjoy: Powered By WP Footer Read More →

Breathe Easy Twin Cities

The benefits of regularly changing the heating and air-conditioning filters are obvious to homeowners; the real challenge is creating a system to make sure it gets done. A reasonable schedule would be to replace it with a new one-inch pleated filter every 60-90 days. Households with shedding pets should consider replacing them every month. Some people change their filters every month when they pay... [Read more]

“Please take our offer…” Minneapolis, St Paul, Edina Home Buyers Find it Difficult to Purchase a Home

It’s interesting that the housing climate has changed so quickly. Some buyers, who think they’re still in the driver’s seat, find the market is now going up and they’re losing the home that they really want. Multiple offers are increasingly more common and buyers are frustrated because even full-price offers don’t guarantee that they’re going to get the home. In an effort to personify... [Read more]

Home Energy Audit-Consider getting one

I just had mine done. I learned a lot. I would recommend it to everyone. I am going to take the information and make some corrections which will save both energy and money. Powered By WP Footer Read More →

Shifting Debt to Tax Deductible-Something To Discuss With Your Tax Professional

The Mortgage Interest Deduction is available to homeowners for up to $1,000,000 of acquisition debt on the combination of their first and second home. They can also deduct interest on up to an additional $100,000 of Home Equity debt. While Acquisition Debt is used to buy, build or improve a principal residence, the Home Equity Debt can be used for any purpose. It can be used for educational or medical... [Read more]

When to Sell the Temporary Rental-Twin Cities Area Accidental Landlords

Some homeowners, who were not able to sell during the recession, chose to rent their homes instead. In some cases, they didn’t need to sell their home at the depressed prices and opted to rent it until the market recovered. It’s a valid strategy but there are time restrictions that could have serious tax implications for some homeowners. The section 121 exclusion for gain in a principal... [Read more]

Boomerang Buyers-This is the gas on the fire for the continued boom of the Twin Cities Real Estate market

It’s estimated that 10% of the homes sold in 2013 will be to buyers who lost a home in the past five years. Approximately 500,000 buyers who may have thought they wouldn’t own a home anytime in the near future will be homeowners again. It’s estimated that several million of these previous homeowners will purchase again in the next eight years. This kind of activity will contribute... [Read more]

Bunch Your Property Taxes and Save-An Idea To Think About

One of the drawbacks to low mortgage rates is that the total interest and property taxes paid for the year may be lower than the standard deduction. A little planning might be able to help you at least every other year. Most homeowners know they can deduct their qualified mortgage interest and property taxes on their Schedule A of their 1040 tax return or to take the standard deduction if it is greater.... [Read more]

Different Real estate for Sale

This was an interesting story I happened to come across by accident. Did you know various people have claimed ownership of the moon? Of course, they then built a business around selling the associated real estate. Read more this at Wikipedia and then watch the video. Was PT Barnum correct? You decide. http://en.wikipedia.org/wiki/The_Man_Who_Sold_the_Moon Powered By WP Footer Read More →

Where can you get a credit report?

I am often asked about where you can obtain a credit report. There are MANY places and most will have a charge associated with the report. The only one that I am aware of that is free is at http://www.annualcreditreport.com This site is actually sponsored by the three bureaus-Equifax, Transunion, and Experian. It is my understanding that the “annual credit report” free option doesn’t provide... [Read more]

Minneapolis St Paul Foreclosure Trends

As a subscriber to Realty Trac, I offer a monthly newsletter that they compile with local market data. Would you like to read it? Simply visit http://www.realtytrac.com/MarketTrends/NewsLetter.aspx?guid=754f6e36-211e-40b5-93c6-2beba87b2b46 and read the report. I can data mine the MLS and create a custom search for you should you be interested in purchasing a distressed sale. The market is stronger... [Read more]

Cool Video About St Paul Minnesota

The city of Saint Paul MN has produced some amazing videos. Check them out. St Paul is the sister city of Minneapolis. Powered By WP Footer Read More →

Maintaining Comfort-Twin Cities In The Summer & Winter

Some people refer to the heating and air conditioning systems as the “comfort systems.” If you’ve ever had to be without one in the dead of winter or the heat of summer, lack of comfort may be an understatement. Simple maintenance with a HVAC checklist is something that every homeowner can perform. Periodically * Change your filter every... [Read more]

Analyze Investment Property-See if a Minneapolis St Paul Area Rental Property Makes Sense

I have recently completed the OwnAmerica renting course and got their OICP certification. They have some GREAT tools and insight that will make you a better investor. Taking their online class via my link below. I forgot to mention the cost-FREE!!! You will definitely benefit from using these tools in your analysis. https://ownamerica.infusionsoft.com/go/REMAXIC/a4325/ Powered By WP Footer Read More →

Using an IRA to purchase real estate-Learn how it is done

Many people have no idea this is possible. I have helped clients in the Twin Cities build a portfolio of investment properties using this strategy. One of the trust vendors has provided this informational outline and a video. I have also included links to other trust providers so that you can learn about this concept: Self-Directed IRA Investing 101 – Investing Passively and Actively in Rent Homes... [Read more]

Your Deduction…Your Choice

Taxpayers are allowed to decide each year whether to take the standard deduction or to itemize their deduction when filing their personal income tax returns. Roughly, 75% of households with more than $75,000 income and most homeowners itemize their deductions. The 2012 standard deduction, available to all taxpayers, regardless of whether they own a home, is $11,900 for married filing jointly and $5,950... [Read more]

Interest rates – a historical perspective

We always here that “rates are lower than they’ve ever been”. In most cases that is true. Rates have been progressively declining. Freddie Mac actually has a 10 year chart that will demonstrate this on a month to month and year to year basis. You can find the data here for 30 year loans- http://www.freddiemac.com/pmms/pmms30.htm In today’s fast market, you will find that... [Read more]

Time is a Finite Resource-Use it wisely

Every day I am reminded of the one thing we all must manage-it’s our TIME. How we choose to spend it is somewhat within our control. A friend of mine who runs a painting company wrote an article about “Your Weekend”-Do it yourself or hire a professional. I think it is an important read. In fact, it has applications that apply to other activities besides painting. Priorities. Choices. Quality... [Read more]

Twin Cities Low Housing Inventories Indicate a Trend in Minneapolis & St Paul Homes

Low inventory is a relative term depending on how you’re comparing it. Would the comparison be to total number of homes on the market last year, homes in a certain price range or homes in a certain area? In some situations, it’s a combination of all of those things. In any given market, inventories will fluctuate based on area and price range. The National Association of REALTORS® considers... [Read more]

RE/MAX 40 year convention in Las Vegas

I just returned from my first RE/MAX convention. I have been with RE/MAX for 17 of my 27 years selling real estate, but this was the first time I had decided to attend their convention. All I can say is “Wow”. The people, the events, and the information was terrific. The show “KA” at the MGM was pretty amazing as well! I am excited to be back at work and have started to apply my new... [Read more]

Twin Cities Homeowners Refinancing Again? Think about it.

We’re constantly bombarded by lenders to refinance our mortgage under a variety of programs. The volume of offers can almost make you numb to the rational consideration. There are common rules of thumbs that homeowners and agents use such as not refinancing more often than every two years or there must be at least 2% savings from your previous mortgage rate may not always be accurate. Rules like... [Read more]

Twin Cities First Time Buyers

This video is typical of a first time buyer I work with that has recognized the opportunity in real estate today. Many many of my friends started off with an owner occupied duplex and later leveraged that into substantial wealth. I am aware of many special loans and grants that might help you achieve home ownership. Let me help you make the right decision for yourself and family. Sincerely, RE/MAX... [Read more]

Twin Cities Homes Sell Better When Updated with a Fresh Coat of Paint

Article provided by: Jerry Fancher Fresh Coat Painting Need a painting idea for your home? Whether you are looking to freshen up a room or trying to increase your home’s resale value, a fresh coat of paint can work wonders. Once you have an idea of what you are looking for in a new look, talk to your painting contractor to work out the details to put you on your way to a dream room. Here are four... [Read more]

If It Shows Better… – 2/18/2013

If it shows better, it will probably sell faster and maybe for more money. Once your home is on the market, it’s time to look at it like a commodity and through the eyes of potential buyers. In all likelihood, you’ll need to take care of these items eventually, so do them now to help it sell sooner. 1. Make repairs – it doesn’t matter if it’s been that way since you bought... [Read more]

RE/MAX Convention is next week in Las Vegas-Turning 40!

I have been with RE/MAX for 17 of the past 27 years. I can honestly say I work with some of the best in the business. I wouldn’t want to sell homes with any other company. From the people, the resources, the support-it really is a wonderful environment. If you are an agent or consumer, I encourage you to take a look at what they have to offer. Below are some videos from our founder that give... [Read more]

FHA Loans Getting More Expensive-MIP Will Last Longer Than Previously Insured Loans

The 3.5% down payment on FHA loans could be more expensive for buyers than expected. Beginning April 1, 2013, the mortgage insurance premium will go up by .1% to 1.35% which may not even be noticeable to most would-be homeowners. The staggering increase will occur on 6/3/2013 when FHA’s policy on the duration of the required mortgage insurance will be increased for the life of the mortgage There... [Read more]

Before You Leave Home…Action Items To Consider

The last thing you want to do while you’re on a trip is to worry about someone burglarizing your home. Use this checklist to add some peace of mind to your travel plans. • Ask a trusted friend – to pick up your mail and newspaper and keep the yard free of trash and advertisements. Stop your mail but maybe not your newspaper – you can easily handle this online by going to the US... [Read more]

Watch This Video About Disability And Bad Attitude

WOW. Another video that makes you think. How many times have we seen people who have had more obstacles to overcome than most go on to achieve wonderful things? You may have heard the quote regarding attitude and altitude. This video once again demonstrates how we each have our own set of issues and how we choose to deal with them determines outcome. Powerful stuff. Always puts things in perspective Sincerely, RE/MAX... [Read more]

Reverse Mortgages For Purchase Available In MN

I just met with a long time mortgage originator who is offering reverse mortgages for the purchase of a primary home. This is very exciting as not many companies offer this as a mortgage option. Now, a senior who is 62 years old has another financing option available to them. Attached are the information sheets that I received from the lender that will explain the program. Please contact them... [Read more]

What’s It Going to Take For You To Be Convinced Of Homeownership?

How much evidence is needed to make a decision to get out of the rent race and become a homeowner? Compare your rent with a mortgage payment on a similar size property. If you want a larger home than your current one, use the rent that property would require instead of what you’re currently paying. If it’s considerably cheaper, you may not need any further encouragement. By the time you... [Read more]

Selecting The Right Color Paint

Have you ever picked a color from the myriad of paint samples available, put it on the wall and decided that it was all wrong? It shouldn’t have to be that difficult but trying to pick the perfect color from those little swatches is just not that easy. Painters and decorators suggest you buy a small amount of the colors you’re considering. Your paint store should be able to mix them in... [Read more]

Top Ten Housing Predictions for 2013-Let’s See What Happens

Hope he’s right. Sounds very encouraging: Sincerely, RE/MAX Results John Mazzara Broker Associate CFP CLU ChFC CEBS MBA MS CMB 7300 France Ave S #410 Edina, MN 55435 John@johnmazzara.com http://www.MinneapolisStPaulHomes.com 612-386-7027 952-929-2577 How Can I Help You? Powered By WP Footer Read More →

Sooner is Better than Later-Twin Cities buyers shouldn’t wait

Buyers who have delayed purchasing a home due to concerns about what might happen to the tax laws affecting home ownership should feel comfortable about getting back in the market. The recent legislation passed by Congress and signed by the President continues to value homes as a favored investment. For a summary of specific real estate provisions in the “Fiscal Cliff” bill, click here... [Read more]

Mortgage Forgiveness Act-Report For YOU

The attached report will cover some of the highlights of the extended program. If you find that you or someone you know is in need of some information regarding options that might be available for them if they are “underwater” on their loan, then share this report. EVERY situation is different. Please call me to discuss yours and I will try my best to help wherever I can. There might be... [Read more]

Get Your Offer Accepted-Tips to buying a home in the Twin Cities real estate market today!

As the market shifts from a buyer’s market, it’s good to know how to improve your chances to have the seller accept your offer. Once you decide on a home, don’t waste time; write an offer and submit it as soon as possible. Competing with another buyer happens more frequently than you’d expect. Multiple offers are a seller’s advantage but here are some tips to level the... [Read more]

Bloomington Homes-Minnesota Home Improvement Money Available

One of the things I try and do is monitor the various city programs for opportunities for my clients. I just got the email from the City of Bloomington announcing some of their home improvement funding. More can be learned from visiting their site at http://www.ci.bloomington.mn.us/cityhall/commiss/hra/hra.htm It might be worthwhile looking into this if you have an upcoming project you’d like to... [Read more]

How “Healthy” Is The Minnesota Unemployment Picture and how might it affect our Twin Cities real estate market going forward?How “Healthy” Is The Minnesota Unemployment Picture and how might it affect our Twin Cities real estate market going forward?

Have you ever wondered “will property increase in value in the future”? Here is one metric to consider-the unemployment rate. Here is a link to Minnesota’s information. http://www.deptofnumbers.com/unemployment/minnesota/minneapolis/ You need a job to buy a home. More jobs=More people who can purchase a home. The Twin Cities employment markets are healthy. We do have unemployment, but we have... [Read more]

Mortgage Insurance Deductibility and 2013

Yipee. Mortgage insurance is going to be deductible again in 2013. See the rules and see if you qualify, as not everyone or every type of insurance is eligible. Here is a link: http://www.mgic.com/ordering-mi/tax-deductible.html Powered By WP Footer Read More →

Mortgage Tax Forgiveness Act Of 2007 Extended For 2013

Yes it is true. Under CERTAIN instances, you may have a short sale or foreclosure and not incur the tax on the amount of mortgage debt that was forgiven. NOT everyone can qualify. For those that can, what a relief. Tucked in the Fiscal Cliff negotiations was this provision. So, you still have one more year. If this is something that you’d like to discuss as it may relate to your situation,... [Read more]

Minnesota 2012 CRP forms

If you are a tenant or a landlord, you will want to get on the CRP forms for 2012. Here is a link to the state of MN department of revenue where you can find the forms. These need to be delivered by end of January, 2013 for 2012 rental year. http://www.revenue.state.mn.us/Forms_and_Instructions/2011/crp_ldin_12.pdf Sincerely, RE/MAX Results John Mazzara 7300 France Ave S #410 Edina, MN 55435 Off-952-929-2577 Cell-612-386-7027 Fax-952-928-3799 Google... [Read more]

Take a helicopter ride over Minneapolis St Paul

This showcases the cites that we know and love-from a few miles high in the sky. I think you will enjoy it. Powered By WP Footer Read More →

Avoiding Unexpected Expenses – Might Be Something to Consider

It’s common for sellers to consider offering and buyers might find it an incentive, but a growing number of homeowners are purchasing the home warranties themselves to limit the unexpected expenses of repairs and replacements. A home protection plan is a renewable service contract that covers the repair or replacement of many of the components in a home. Some homeowners especially like the convenience... [Read more]

1031 Exchanges

1031 Exchanges-MAY be the way to grow substantial real estate wealth by deferring taxation and compounding equity 1031 exchanges allow you to sell an investment property and exchange it into a different property. If done CORRECTLY, you will not report the transaction as a taxable sale. Instead, the exchange allows you to defer taxation until a future date. For more information, you can call me.... [Read more]

To Stage or not to Stage a home?

It is always a question I get when I list a home-”what should we do to present our home in the best light” ? Everyone wants to sell their home faster for the highest possible price. One way to do that is to take some time, and “stage” a home. What does that mean? It can mean many things. It can be as simple as cleaning up or removing clutter to make a room bigger. It can also... [Read more]

Down Payment Assistance For Home Buyers In Dakota County

There is a program for first time buyers in Dakota County that just obtained additional funding for mortgage financing. There is 30M available which is projected to help out approximately 200 new home owners. Here is a link to the site where you can learn more about the program– http://dakotacda.org/homebuyers.htm I can help you find your next home. If this program doesn’t work, there... [Read more]

Have you been to this Website?

Have you been to the website http://www.houzz.com ? Talk about AWESOME! Check this site out for decorating and remodeling ideas. I will warn you that it is completely addicting. If you want, you can create your own idea book and utilize the selections for something of your own. I KNOW you will love the site. Have fun. Sincerely, RE/MAX Results John Mazzara 7300 France Ave S #410 Edina, MN... [Read more]

Clip Syndicate – The Coolest Thing

I just found this on another blog. I hope you like it. It syndicates and collates information around a topic. Check it out-this one is about real estate. Powered By WP Footer Read More →

What is the Velocity of Money and How Does it Impact Home Loan Rates?

By John Mazzara NMLS #332556 Venture Development NMLS # 373115 If you’ve been watching the economic news, you’ve probably noticed that market experts and traders have been keeping a close eye on the Commerce Department’s Personal Spending and Personal Income reports. Obviously, those reports provide insight into the health of our economy, but did you know they also influence home loan rates?... [Read more]

New Landlord Resource-Learning Opportunity Online

How COOL is this? Lutheran Social Services of Minnesota has created a 90 minute class online that consists of various video modules and certificate upon completion—for a slightly extra cost. The class is very inexpensive either $25 or $40. It is a great deal. They have lots of experienced people who have created the class. You even will get a discount on licensing your rental property for the... [Read more]

Looking for a home in Minneapolis or St Paul but are unsure about which area to look?

Many times people will say that they want to live in either Minneapolis or St Paul. The problem for most people is that they know where they want to live within each of the two cities, but don’t know how to make a specific search. The Northstar MLS system has devised a solution. Now, you can search by community/neighborhood. See the sheets to identify the area you might want to live. Once you’ve... [Read more]

Ever wanted to win a million dollar house?

Well, now you can. It costs $100 a raffle ticket. Money goes to support charities. One of these charities is Operation Support Our Troops. Go to their website, see what they’re all about. You can purchase a raffle ticket from their site. http://www.osotamerica.org Sincerely, RE/MAX Results John Mazzara 7300 France Ave S #410 Edina, MN 55435 Off-952-929-2577 Cell-612-386-7027 Fax-952-928-3799 Google... [Read more]

RESULTS COMMUNICATORS TOASTMASTERS HOLIDAY MEETING

Please come to our Holiday Party and learn about Chocolate making from an experienced “chocolatier”. Coffee and confections provided. Hope to see you there! You and anyone you like are invited to attend. I think you’ll have fun and meet some new people. Free chocolate covered cherries and coffee will be provided. Meeting is this Thursday for 1 hour. Powered By WP Footer Read More →

Age Of Aquarius Is Almost Upon Us-Age of Pisces Ends December 20th

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FHA to Cost Borrowers More In The Future

FHA has announced a major change to its loan program which allows borrowers to cancel the mortgage insurance premium (MIP) when their unpaid balance reaches 78% of the original purchase price. While no specific date has been set for the change, sometime in 2013, new FHA loans will require the mortgage insurance for the life of the loan. At existing rates, the monthly MIP on a $168,875 mortgage is... [Read more]

Six Sigma and YOU

Ok, I know my blog is about real estate & mortgage, but during the past 6 months I have been in the Six Sigma Green belt, Six Sigma Lean, and now the Six Sigma Lean Black Belt program from Villanova. I want to share my results . First and foremost, let me say they have an excellent program. Secondly, I want to suggest that you consider adopting some of the Six Sigma and Lean ways of doing things... [Read more]

Contributing Factors on Rental Property

Rental properties have four primary factors that contribute to a return on investment. Based on market conditions and investor strategies, the individual motivating factor can change for property owners. There was a time when the benefit of tax savings to offset income from other sources was considered important to some investors. However, in today’s environment, they are more likely valued as... [Read more]

Dripping Dollars – Time to Call the Plumber and Save $$$$

Conserving water to be green while lowering your monthly bill to save green is a beneficial combination. Little things can contribute significantly to a large water bill. * Leaky faucets can waste over 1,000 gallons a year * Leaky toilets can waste 7,000 gallons a month * A five-minute shower saves more water than a tub bath * Water running while you brush your teeth or shave * Sprinkler heads need... [Read more]

What’s the Point? A brief discussion on “Points”.

Pre-paid interest, sometimes called “points”, is generally tax deductible when a person pays them in connection with buying, building or improving their principal residence. When points are paid on a refinance, they are not a current deduction but have to be taken pro-rata over the life of the mortgage. For instance, if $3,000 in points were paid on refinancing a 30 year mortgage, deduction... [Read more]

This is really a cool video – makes you think

Enjoy!! Sincerely, RE/MAX Results John Mazzara 7300 France Ave S #410 Edina, MN 55435 Off-952-929-2577 Cell-612-386-7027 Fax-952-928-3799 Google Voice- 952-491-0884 john@johnmazzara.com http://www.MinneapolisStPaulHomes.com Watch my Youtube video on how I sell a home: http://www.youtube.com/watch?v=oz1zGDOXcoQ RE/MAX real estate intro video at http://youtu.be/EJE_s67xIWI NMLS # 332556 Powered By... [Read more]

Learn About The Short Sale Process

John mazzara-short-sale-presentation from John Mazzara Sincerely, RE/MAX Results John Mazzara 7300 France Ave S #410 Edina, MN 55435 Off-952-929-2577 Cell-612-386-7027 Fax-952-928-3799 Google Voice- 952-491-0884 john@johnmazzara.com http://www.MinneapolisStPaulHomes.com Watch my Youtube video on how I sell a home: http://www.youtube.com/watch?v=oz1zGDOXcoQ RE/MAX real estate intro video at http://youtu.be/EJE_s67xIWI NMLS... [Read more]

Changing the Lock is Key

There are times when you need to change the locks on your home to protect your family and possessions. It should always be considered when you move into a new home; when keys are lost, stolen or unreturned; or a cleaning or other service provider hasn’t returned the key. Replacing the lockset would give you a totally new mechanism that should work better and if you go back with the same manufacturer,... [Read more]

Discussion Points for a Minnesota Homeowner Contemplating Options on their Underwater Home

Homeowner presentation-q42012 from John Mazzara Sincerely, RE/MAX Results John Mazzara 7300 France Ave S #410 Edina, MN 55435 Off-952-929-2577 Cell-612-386-7027 Fax-952-928-3799 Google Voice- 952-491-0884 john@johnmazzara.com http://www.MinneapolisStPaulHomes.com Watch my Youtube video on how I sell a home: http://www.youtube.com/watch?v=oz1zGDOXcoQ RE/MAX real estate intro video at http://youtu.be/EJE_s67xIWI NMLS... [Read more]

Water Damage – Covered or Not?

A number of things can cause water damage to a home and it’s important to know whether they’re covered by your insurance policy. Some water damage may be covered and other may not be. Generally, you need an incident to invoke coverage rather than something gradual due to lack of maintenance. However, some incidents are specifically exempt from homeowner policies such as floods. A flood... [Read more]

Just Watched Act Of Valor-Thank a Veteran today

Powerful film. Think about this quote: “Live your life that the fear of death can never enter your heart. Trouble no one about his religion. Respect others in their views and demand that they respect yours. Love your life, perfect your life, beautify all things in your life. Seek to make your life long and of service to your people. Prepare a noble death song for the day when you go over the... [Read more]

What a Deal! Government got it right!!

A 30 year fixed-rate mortgage hasn’t always been the standard. As part of FDR’s New Deal in 1934, the Federal Housing Administration was created to help Americans purchase homes with affordable terms. Prior to then, many loans had an amount due at the end of the term called a balloon. Most mortgages had adjustable interest rates even though some might be fixed for a short time. While banks... [Read more]

Should YOU buy a home in the Twin Cities or rent?

The question plaguing every tenant who wants a home of their own is whether they should continue to rent or is it the right time to buy? The combination of good prices and low mortgage rates make it considerably cheaper to own than rent in most markets. Assuming a person is qualified with a down payment and won’t be moving for several years, there may not be a better time to buy a home. In the... [Read more]

Rates Are Down But It Costs More?

The latest Housing Affordability Index from the National Association of REALTORS® shows an interesting trend taking place this year that needs buyers’ attention. Most people know that the mortgage rates are still at incredibly low rates but don’t feel there is much sense of urgency. This report shows that mortgage rates have fallen from 4.37% in January to 3.81% for June. However, the... [Read more]

How to Determine if you should Refinance – Some Things to Think About

Some people believe they shouldn’t refinance more often than once every two years. The determining factors are if you’ll lower your payments and plan to stay in the home long enough to recapture the cost of refinancing. If so, you should consider refinancing. Interest rates have actually come down significantly in the past 12 months and even more in the past 24 months. According to the... [Read more]