Home Buying Blogs – Twin Cities

Adjustable-Rate Mortgages vs. Fixed-Rate Mortgages: What You Should Know

When purchasing a new home, most home buyers are going to have to use a mortgage. In terms of home mortgage interest rates, there are two major types of mortgages: adjustable-rate mortgages (ARMs) and fixed-rate mortgages. But how do home buyers decide which of these two mortgages is best for them? Both ARMs and fixed-rate […]

Continue Reading

Should You Buy a Vacation Home? What to Know Before Purchasing a Second Home

Many homeowners dream of the day they can purchase a second property, and the fantasy usually includes a large home in a luxurious area of the world. While a vacation home doesn’t necessarily have to cost millions of dollars, a vacation home purchase should still be treated with just as much importance. Depending on the […]

Continue Reading

Common Red Flags to Look Out For When Buying a Home

Knowing when a home is not the right choice is a good skill for home buyers to develop. Sometimes, red flags pop up tell us this may not be the right home. What are some red flags that a home buyer may see to alert them about possible problems or issues in the home buying […]

Continue Reading

Which Mortgage Term, 30-Year or 15-Year, Is Right for Me?

Potential homeowners who can qualify for a 15 or 30 year mortgage (or term) term for a mortgage should consider the benefits and disadvantages for each one. The length of the loan can affect their monthly payment, buying power, payoff dates, interest rate, and total interest paid. For informational purposes only. Always consult with a […]

Continue Reading

Know Your Boundaries: The Importance of a Land Survey

Determining the legal metes and bounds of a parcel of land will prevent future disappointments and property disputes. Property boundaries have been marked or described in various ways since ancient times. Although historical boundaries have often been perpetuated and historical land abstracts or legal descriptions make for interesting reading, it is the development of sophisticated […]

Continue Reading

Debt to Income Ratio: Information for Home Buyers

Debt-to-income ratio is a common term that home buyers start to think about when they begin shopping around for a home loan. Having a high debt-to-income ratio can potentially prevent a home buyer from qualifying for a mortgage. The more that a home buyer knows about debt-to-income ratio, the better prepared he or she will […]

Continue Reading

Buying a Rental Property Investment: Financing Options

For many people, buying a home as a rental property is a way to build equity and earn some largely passive income as a landlord. There are several ways to finance a rental property. Understanding how each one works makes it easier for investors to explore their financing options. Traditional Mortgages People who want to […]

Continue Reading

How Do Jumbo Loans Work? What Buyers Seeking a Jumbo Loan Need to Know

Getting a conventional mortgage at a fairly-standard price is typical for a lot of home buyers. For luxury home buyers, or those who live in areas with a very high cost of living, jumbo loans might be much more in the norm. This guide walks buyers through what they can expect when they apply for […]

Continue Reading

5 Signs Your Neighborhood Is in a Housing Bubble

Housing bubbles are sometimes difficult to spot when homeowners are actually living in them. After all, San Francisco and New York City real estate are both sky-high, but that doesn’t mean they’re in a bubble. Renters who are waiting for the market to go down in those areas may end up waiting for the rest […]

Continue Reading

5 Facts Homeowners Should Know About Property Taxes

Property taxes are a way for a homeowner to invest in and take ownership of their community. These fees are collected so that schools, public grounds, and local officials get the funding they need to function at their peak. But like all taxes, they can also have an impact on how much an owner will […]

Continue Reading