I get asked all the time: “What’s your interest rate?” While that’s important, the real question is what’s the cost to get that rate? On your Loan Estimate (Section A or the 800 section), that’s where the true cost shows up. Many buyers chase a slightly lower rate, only to get surprised at closing with […]
Hey, it’s Ken with a quick mortgage update. The latest jobs report showed: – Fewer full-time jobs – Unemployment ticking up – Pressure on the Fed to finally cut rates Markets are now expecting a rate cut on September 17th, with more cuts likely this year. 💡 What this means for buyers: Lower rates = […]
I hear this question all the time: “Should I wait to buy a home?” The truth is, if you’re renting, you’re already paying a mortgage, it’s just not yours. Starting now puts you on the path to building wealth. Homes in Minnesota continue to appreciate, and waiting often means paying more later. Even if you’re […]
Stocks might double your money in 8 years, but real estate can multiply it even faster. With just $20,000, you could leverage appreciation and financing to turn that into $200,000. That’s what I’m seeing right now with entry-level homes in Bloomington, Eagan, and parts of Saint Paul. The power of real estate is simple, you’re […]
Mortgage News Daily reports rates are sitting around 6.5%, which makes cash-out refinancing a smart move right now. If you’ve built equity, you can use it for debt payoffs, home renovations, or even investments while keeping your payments manageable. For example, cashing out $50,000 might only change your payment slightly, but it gives you real […]
