5 Things You May Not Know About Home Loans

5 Things You May Not Know About Home Loans

The dropping temperature in Minnesota seems to be following the Fed's lead on Mortgage rates!

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I wanted to share with you five quick things you may not have known about mortgage loans, as of January 11, 2016.

1.  Trouble overseas is not always a bad thing for the U.S. consumer. In fact, the current issue overseas has pushed mortgage rates lower.

2.  Usually strong job gains in the U.S. means FED's will hike the interest rates.  Contrary to the fact that U.S. job numbers saw huge growth,  the economy added an average of 284 thousand jobs over the last three months and in for 2015 the United States added 2.65 million total jobs, the mortgage rates are still at a historic low!

3.  The days of having to put down 20% to buy a home are long gone, for now.  Most people know about the FHA programs, but did you know that you can get into those programs for as little as 3.5 % down.   Some lenders even have amazing conventional programs that you can get into your new home for as little as 3% down.  

4.  Some lenders have programs for credit scores as low as 580!     No Kidding!!   

5.  Short-sale's, Pre-Foreclosures, Foreclosures and Bankruptcies once had you waiting for years and years before you could stop renting and start paying your own mortgage, again.  These days lenders have programs that can help you start building your own wealth, through home-ownership, quicker than you ever thought possible. *Below is an example of one of the updated programs that may be available to consumers:  


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*Increase in down payment and/or proof of circumstances may be required. Please ask your lender for more information.  Not all lenders have the same programs.  

If you have been thinking about owning a home, and did not realize there were so many options or programs out there - today may be the day, your future is here.  Contact your lender, or if you don't have a lender, contact one of our preferred lenders on my website http://www.lisa.twin-cities-specialists.com       


 I am here to answer any of your real estate questions,


Lisa Handley

ReMax Advantage Plus - Associate

Realtor and Team Leader for the Twin Cities Specialists Team 

Licensed as a sales agent in the State of Minnesota.

Cell.  612-390-6520  E-Mail.  lisa.handley@advplus.com

Web Site:  www.lisa.twin-cities-specialists.com

Web Site:  www.advplus.com/lisa.handley



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Phone: 612-390-6520
Dated: January 12th 2016
Views: 351
About Lisa: TEAM LEADER & Sales Manager for TC Specialists is LISA HANDLEY - 612-390-6520. Lisa is a native of M...

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