Before you go shopping for a new home in the Twin Cities Metro, it is wise to speak with a mortgage professional. There are many kinds of mortgages in MN and even more mortgage bankers, mortgage brokers, correspondent lenders, new construction financing specialist, and mortgage consultants. Since starting a real estate team in Plymouth MN back in 2002, we have worked with hundreds of different local mortgage professionals. We have found that the best mortgage bankers in MN and mortgage brokers in the Twin Cities are the ones that always have the clients best interest as the top priority. A good mortgage consultant will know the right questions to ask and will be up to date with all of the newest mortgage programs and loan guidelines.
One of the biggest mistakes I see with home buyers in the Twin Cities is where they get their information. A lot of real estate information in MN gets passed around within the real estate and mortgage industries. Unfortunately, a lot of this information is old or just plain wrong. It is natural to want to talk about real estate and mortgages with your friends, family, and coworkers, but remember to be careful not to assume the information you get is current and accurate. The best thing you can do is to get a good recommendation from a top local real estate professional. Make sure you explain your situation to the trusted local realtor and let them know what is most important to you.
When we recommend a local mortgage banker or mortgage broker in Minnesota, we do it very carefully. We make sure we know what the home buyer is looking for in a mortgage and a mortgage professional relationship. We have different mortgage recommendations for different types of loans. Some loan officers specialize in first time home buyer financing, some specialize in jumbo loans, some are veteran loan experts. Some mortgage professionals are great one day, and too busy the next. The best thing you can do for you and your family is to contact us or your realtor and have a conversation about your specific real estate situation.
If you are planning to sell your home in the spring, now is an excellent time to begin the process. I know what you are thinking. Now? Really? Spring is seven months in the future? I wasn’t planning to even think about the logistics of ... Read More