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Coming soon is the Minnesota First Generation Homebuyer Loan Program, below is all the information available at this time to help prepare you for this new program. In the upcoming Spring, Minnesota Housing will introduce the Minnesota First-Generation Homebuyer loan initiative tailored for first-generation buyers. Eligibility for this program is extended to individuals whose parents […]

Can’t find an affordable dream home? Renovation loans can turn fixer-uppers into fabulous. During the second half of 2020, shortages of homes for sale – especially those priced under $300,000 – turned the Twin Cities real estate market into a buyers’ battleground, with low interest rates fanning the flames. One local Realtor®, after receiving 22 […]

While you may have a good understanding of consumer credit, you may not know why mortgage lenders look at credit scores and histories differently. In addition to putting less importance on our applicants’ FICO score, their decision-making and employment history are what we review first. Here’s why. “Consumer behavior is more important than credit scores.” […]

When the coronavirus pandemic arrived, it threw everyone for a loop practically overnight. While mortgage lending and real estate businesses were declared part of “critical sectors”, we all had to find overnight solutions to some unique and scary challenges. Although Results Mortgage loan originators have not had to experience the same challenges as Sales Executives, […]

If there is one word in the mortgage world today that gets thrown around more than any other since the COVID-19 pandemic started, it is forbearance. Forbearance is the act of refraining from the legal right to enforce payment of a debt. Most all servicers of mortgage debt have in the past two months have enacted some […]

This blog post is brought to you by Results Mortgage.   Is there a way for a buyer to roll repair costs into their mortgage when purchasing a home? Not all home purchases will qualify for a “Rehab Loan,” often called a 203(K) loan, and not all mortgage companies offer these types of loans. If […]

One of the most common expenses related to home ownership — other than your mortgage payment — is property taxes. While some people are intimately familiar with the ins and outs of property taxes, the details can leave many others asking: So how do property taxes actually work? If you fall into the latter classification, […]

If you’re a homeowner who is 62 years old or older, there is a financial option available to you known as a reverse mortgage that you might not be aware of. This type of mortgage, called a reverse mortgage, puts money into your pocket rather than taking it away.  Of course, as with any type […]

Applying for a mortgage involves a lot more than having a good credit score. Lenders will also consider whether or not you can afford to take on additional debt, and that’s where your debt-to-income ratio comes in. There are a few factors to consider when calculating your debt-to-income ratio and understanding why it matters. What […]

A major consideration for the majority of people who want to purchase a home is setting up the right home mortgage. Choosing the right home loan has an impact on monthly payments for years, so it’s important to research available options when it’s time to purchase a home. There are several types of home mortgages, […]