Had a current client post comments recently of delays and frustrations in the loan approval process from a large national home lender. Within 24 hours of the conversation we were told we have the "Clear to Close"!! Just goes to show somebody at these companies are watching their social media pages closely!
www.KawohlTeam.com
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Purchasing a home with FHA financing in today's real estate environment can be a challenge. Give us a call today to discuss FHA requirements or other real estate topics. www.KawohlTeam.com
FHA to Cost Borrowers More
FHA has announced a major change to its loan program which allows borrowers to cancel the mortgage insurance premium (MIP) when their unpaid balance reaches 78% of the original purchase price. While no specific date has been set for the change, sometime in 2013, new FHA loans will require the mortgage insurance for the life of the loan.
At existing ...
You've received your pre-approval letter and are excited to take advantage of the great foreclosure deals you've heard about for the past few years! Listen to Chris discuss a few FHA financing concerns and things to look out for.
Did your loan officer request tax returns, pay-stubs up front or did u do it all online? Was the above info verified? A pre-approval is only worth the paper its on unless you completed a full application and gave supporting documentation. Do u have student loans in deferment? Did your loan officer tell u how this can affect you?Were you told not to switch jobs, use credit cards and ...
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Monthly Market Statistics for September 2012
September 2012
September 2011
'11/'12
change
New Listings
5,341
5,571
-4.1%
Pending Sales
4,032
3,631
+11.0%
Active Listings
15,996
22,663
-29.4%
Days on Market
101
142
-28.7%
Median Sales Price
$174,000
$155,000
+12.3%
Average ...
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AUGUST– Weekly Market Activity Report
SAINT PAUL AREA ASSOCIATION OF REALTORS®
In the Twin Cities region, for the week ending Aug. 18, 2012
• New Listings decreased 3.5%
• Pending Sales increased 25.2%
• Inventory decreased 29.68%
First time buyers that used the Kawohl Team.