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MN Real Estate Daily Videos

Fed Rule on Compensation – The insanity explained

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CONSUMERS: The Federal Reserve just made loans more expensive…

The Federal Reserve Bank (which is NOT a government agency, but a PRIVATE BANK) was able to convince the Courts to allow their asinine sweeping new lender rules to take effect (April 5th) while the case winds it’s way through the court system. Below is simple video from TBWS Daily which puts the rule into perspective.

Buying bananas, or buying a home… Consumers don’t care what the seller makes, they just care that they shopped, and got the best possible deal in the market. But take away competition (can your hear me Washington?), and everyone suffers.  In July, the Dodd/Frank Financial Reform law will come into play making mortgages even more expensive and costly to consumers with even less options, except going to the overpriced banks!


What are your thoughts?

Realtors – Make more money, sell more homes. Free Idea

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Let’s face it, times are tough in the Real Estate market right now. With so many Realtors chasing a much  smaller pool of home buyers (both first time buyers and move up buyers), agents need every edge to gain more clients, sell more homes, and make more money.

This short video tells Real Estate Agents how to stop giving away money to others, and start putting it in their own pocket!

Click the share button and send this to all your Real Estate Agent friends


Buy New Construction or Existing Homes and Foreclosures?

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St Paul, MN: New construction is suffering.

The lowest NEW housing construction numbers since 1963 when the USA had 120  million LESS people have just been reported. There are many reasons for this, but the fact remains, right now is one of the best times to buy a house, and first time home buyers are missing the boat standing on the sidelines. Builders are fighting back, and we all should be concerned as new construction is a major economic backbone in this country.

Thoughts? We’d love to hear from you. Login and post!

Federal Reserve Bank Conspiracy Explained

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The Federal Reserve has been busted in a major scandal.

St Paul, MN: On April 1, 2011 – sweeping new mortgage broker and mortgage lender changes go into effect which will stifle competition, reduce loan options, extend the housing market recover time, and increase interest rates and closing costs to home owners everywhere.

The rules made no sense to anyone, yet the Federal Reserve marches on with a cocky attitude, completely unwilling to listen to trade groups and those in the mortgage business explaining how damaging these new rules will be.

NOW WE KNOW WHY! People who previously did studies which produced positive outlooks towards brokers and small lenders NOW WORK FOR THE FEDERAL RESERVE BOARD and magically have a different attitude AND have have their voices silenced – WOW!

Another great video from Frank and Brian over at www.tbwsdailyshow.com

What are your thoughts? Login and POST!

Get the word out – be sure to Share via Twitter, Facebook, Blogger, etc!

New Rules for First Time Home Buyers

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It is a great time to be a first time home buyer, but some of the rules have changed.  Mortgage interest rates in MN are still amazing, and home prices are super affordable. New mortgage lender and broker rules are making it a little harder to qualify for a home loan, and your costs are going up a little, but don’t let that hold you back. First time home buyers, it’s safe to come out now!

 

CONSUMERS to PAY MORE for Home Loans!

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CONSUMERS to PAY MORE for home loans because of NEW Federal Reserve Rule. The video shows a few examples of why the new rule will force every single person getting a home mortgage loan to pay MORE

Senators Rally to Delay LO Compensation Fed Rule

Two lawsuits have been filed to stop the rule which otherwise begins wrecking the housing and mortgage industry on April 1, 2011

Another great video from the boys at tbwsdailyshow.com


HARP – Home Affordable Refinance Program for underwater

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(edit: New guidelines issued 10/24/2011 – Click here for new rules)
HARP, the Home Affordable Refinance Program for underwater homeowners has been extended until June 2012

St Paul, MN: The Home Affordable Refinance Program was set to expire this June 30th, but has been extended one year until June 2012. The extension is great news, as HARP has been about the only success story of all the government programs attempting to stem the tide of foreclosures.

Basically if your existing first mortgage is held by Fannie Mae, or Freddie Mac, and that first mortgage is LESS than 125% of today’s value, you may qualify and be able to take advantage of today’s low rates for refinancing.

To bring even more meat to the grill, Freddie Mac has also announced they WILL NOT add recently announce cost (rate) increases to this program.

Do you qualify for HARP? Check HERE

Top Reasons Why Your Should Refinance Today

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Joe and Eric Metzler talk about why you should refinance today. Mortgage Interest Rates are set to go up soon  for many reasons. Fannie Mae and Freddie Mac are both increasing the wholesale costs of mortgage loans, the economy may be improving, and home values may continue to fall slightly, all items that will effect your mortgage interest rates. Searching rates on home loans, or rates for refinancing your mortgage in MN or WI? We have some of the best rates on home loans!

Visit Cambria Mortgage, St Paul, MN at www.MortgagesUnlimited.biz

Lawsuit Filed Against Federal Reserve Over LO Compensation

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The National Association of Independent Housing Professionals (NAIHP) Files Suit Against The Federal Reserve over Loan Originator Compensation Rule!!

The Federal Reserve Board has enacted rules which will severely limited consumer choice, increase closing costs, increase interest rates, destroy small lenders everywhere, bankrupt Loan Officers, all while increasing profits for banks.

The first of at least three lawsuits and restraining orders  have finally been filed to stop the madness and overstepping of government, which is set to to start April 1, 2011. Read more at http://naihp.org, and watch the video below from Frank and Brian of TBSWdailyshow.com

If you need a home loan in MN, better apply and lock before April 1, 2011

NAIHP Files Lawsuit Against Federal Reserve Board

City Living Home Loan Program – Minneapolis and St Paul.

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Learn all about The City Living Program in Minneapolis and Saint Paul. River walks, people, fine dining and concerts. And that’s just the beginning.

From condos and lofts in downtown to charming homes in historic residential neighborhoods, the Twin Cities area has much in the way of housing options that allow you to enjoy all that major cities have to offer.

With City Livings loan programs, the reality of urban living and home ownership is not far away. Home buyers accessing this First Time Home buyer Loan may qualify for a below market interest rate may also be eligible for Down payment and Closing Cost Assistance. As a borrower, you can choose from two market mortgage interest rates; one rate comes with a Down Payment Assistance Grant (DPA) of either 2% of your new homes purchase price, while the other rate is without the grant (Non-DPA).

This program is made available by the cities of Saint Paul and Minneapolis, and is available for homes within the Minneapolis and St Paul City limits.

General Program Information and Qualifications

  1. You must live in the home.
  2. Property must be single family home, or duplex in Saint Paul or Minneapolis city limits.
  3. Income and purchase price limits apply.
  4. Home Buyer counseling class is required. (call 651-552-3681 to register)
  5. First Time home buyer funds are reserved on a first-come, first-serve basis First Time Home Buyer money NOW AVAILABLE.

Apply online and be ready to go!