Explore Maple Grove, MN

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
The Federal Reserve's Federal Open Market Committee met last week and Janet Yellen held her first press conference as Fed chair. According to the FOMC statement released after the meeting, the Fed cited severe winter weather conditions as a reason for slow economic growth in recent months. FOMC m...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
Spring is around the corner, and it's time to get your home in order! Spring cleaning can be fun and easy if you follow some general guidelines, which are sure to get your home ready for the nice weather and looking as beautiful as the weather is about to. Kick the winter clutter to the curb with...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
Spring is here, and the National Association of Home Builders Housing Market Index (NAHB HMI) thawed slightly in March. The current reading of 47 is one point higher than for February, but still indicates pessimism among a majority of builders surveyed. Analysts expected a March reading of 50. Th...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 1
So you are thinking of refinancing? Well you are in luck because I have 4 quick and important questions you should ask yourself before doing so. 1) Do I Have Enough Equity To Get A Mortgage? To get a conventional loan, you will usually need to have at least 20 percent equity. This means that you...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
For those of us who have a mortgage, we know very well how stressful it can sometimes be to make the monthly payment on time. And then for some of us, late payments are inevitable. In fact, in 2013, from October to December, a whopping 3.85 percent of homeowners were behind on their mortgage paym...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
You're ready to make some changes to your home, but you want to be smart with your money and see a positive return on your investment. While most homeowners don't see that return until they sell their home, you can start seeing the benefits now through conserving energy by making your home green....

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
Being a homeowner is exciting. It can be financially rewarding, too. Unfortunately, it can also put you in a tough legal position. Between the complexities of owning a house, having to deal with lenders and the risk that comes from owning something valuable, keeping yourself legally protected is ...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
When you visit your lender to get a mortgage for your home, they will tell you the maximum amount that you are allowed to borrow. But how do they reach this total and what factors do they take into consideration? How do they determine that one borrower can take on a bigger mortgage than the next?...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 4
There is a fine line between adding color to your home décor and using too much color, so that you feel like you are living inside a rainbow. A little bit of color will add a lot of fun and interest to your home design, but too much color can be overwhelming. How can you achieve that perfect bala...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
Getting a home loan can be a challenging process, and a finicky one. Qualifying can be challenging and once a buyer gets approved, it can be surprisingly easy to derail the process. Here are some mistakes to be avoided: Not Pre-Checking Credit: Once a borrower makes his application for a mortgage...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
Two major indicators of home price trends showed a slowing momentum for home prices in December. The S&P Case Shiller 10 and 20 city indices reported that of 20 cities tracked, home prices were lower in December than for November. Case-Shiller’s seasonally adjusted month-to month reading showed t...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
A mortgage pre-qualification is an initial estimate of what type of mortgage a borrower could get. It is limited, though, because it's only based on what the borrower tells the lender, which might not be the same as what the lender finds out when it goes through a full process of analyzing the bo...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 1
Have you been looking through home décor magazines and gazing with wonder at the gorgeous homes inside? Do you want to add a touch of elegance and luxury to your home, but you are on a tight budget? No need to worry, there are many ways that you can make your home look like a million bucks, witho...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
Two major indicators of home price trends showed a slowing momentum for home prices in December. The S&P Case Shiller 10 and 20 city indices reported that of 20 cities tracked, home prices were lower in December than for November. Case-Shiller's seasonally adjusted month-to month reading showed t...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
While homeowners typically equate the FHA loan program with low-down payment mortgages, FHA refinances are also available. In addition to easy-to-source rate-and-term and streamline refinances that replace an existing FHA mortgage with a better one, the FHA even offers cash-out refinance loans. A...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
Sales of existing homes fell by 5.10 percent in January according to the National Association of REALTORS. Pre-owned home sales slowed to a seasonally-adjusted annual rate of 4.62 million homes against an expected reading of 4.65 million and December's reading of 4.87 million existing homes sold....

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
Home equity is the difference between what your home can sell for and what you owe on it. Generally, the longer you own your home, the more equity you build. This is money you can use before you sell your home through a home equity loan. Just keep in mind that a home equity loan is secured with y...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
Before an owner can market a property to buyers that want to use a FHA loan, he will want to familiarize himself with the FHA's standards. FHA won't insure loans on just any property. While their standards aren't as stringent as they used to be, a home needs to be in relatively good condition to ...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 1
When you are purchasing a home, your broker may recommend you obtain a mortgage pre-approval before you find the home of your dreams. There are some benefits to being pre-approved before you find a home, but oftentimes, people confuse pre-qualifications with pre-approvals. So the question many bu...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 6
In your imagination it seems like a great idea – you purchase an older run-down property and you have the chance to fix it up and turn it into the home of your dreams. To Renovate, Or Not To Renovate: However, the renovation project that is simply a quick montage in your imagination will actually...

Maple Grove, MN Real Estate Professionals