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Mortgage

Reverse mortgages look like free money, but there’s a price

April 21, 2017 by pmcdermott Leave a Comment

Reverse mortgages may look like free money, but you do have to pay back a reverse mortgage loan.  Reverse mortgages allow home owners to take advantage of the value or equity built up in your home.  There are many benefits to reverse mortgages, but it is important to understand these loans before you consider or agree to a reverse mortgage.  This article is a good overview of how reverse mortgages work.

Full Article-Karaim, R. (2016, Novemeber 23). Reverse mortgages look like free money, but there’s a price. Bankrate.com.

Retrieved from www.bankrate.com

Filed Under: Mortgage

4 Tips to Determine How Much Mortgage You Can Afford

August 27, 2015 by pmcdermott Leave a Comment


  • Determining the affordability of a mortgage payment

    4 Tips to Determine How Much Mortgage You Can Afford

    By knowing how much mortgage you can handle, you can ensure that homeownership will fit in your budget. Read

Visit houselogic.com for more articles like this.

Copyright 2015 NATIONAL ASSOCIATION OF REALTORS®

Filed Under: Mortgage

Find the Loan that Fits Your Needs

August 20, 2015 by pmcdermott Leave a Comment


  • Couple researching mortgage rates

    Find the Home Loan that Fits Your Needs

    Understand which mortgage loan is best for you so your budget isn’t stretched too thin. Read

Visit houselogic.com for more articles like this.

Copyright 2015 NATIONAL ASSOCIATION OF REALTORS®

Filed Under: Buyer Tips, Mortgage

Twin Cities home sales surge due to low rates, higher home prices

May 13, 2015 by pmcdermott Leave a Comment

The Twin Cities housing market enjoyed one of its best months in almost a decade. Median sales prices were up 10% from a year ago and 30 year mortgage rates are still under 4%.   Home buyers are out in numbers this spring with demand outpacing the supply of homes for sale in many areas.  The Twin Cities spring real estate market is definitely in full swing.  If you are interested in buying or selling a home check out MyTwinCitiesRealty.com and contact Realtor Phil McDermott today!

Full Article-Buchta, J. (2015, May 12). Twin Cities home sales surge due to low rates, higher home prices. Minneapolis Star Tribune.

Retrieved from www.startribune.com

Filed Under: Market Reports, Mortgage, Twin Cities Real Estate News

8 Places to Go When Your Mortgage Lender Says No

February 20, 2014 by pmcdermott Leave a Comment

  • 8 Places to Go When Your Mortgage Lender Says No

    New mortgage rules draw some pretty clear lines about who should — and shouldn’t — get a mortgage. If you fall outside the lines and your lender says no, you have eight other options. Read

Visit houselogic.com for more articles like this.

Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®

Filed Under: Buyer Tips, Mortgage

7 Tips for Improving Your Credit

January 23, 2014 by pmcdermott Leave a Comment


  • Paying off credit card balance via computer

    7 Tips for Improving Your Credit

    Here’s how to clean up your credit so you get the least-expensive home loan possible. Read

Visit houselogic.com for more articles like this.

Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®

Filed Under: Buyer Tips, Mortgage

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