Explore Maple Grove, MN

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...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
Often-times, when you are searching for a new home, it may seem obtaining a pre-approval for your mortgage loan is a waste of time and energy. However, there are some significant benefits to a pre-approval which should not be overlooked. In many cases, buyers can use a pre-approval for leverage w...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
Like credit cards or car loans, some mortgages allow borrowers to have co-signers on the loan with them, enhancing their loan application. However, a co-signer on a mortgage loan doesn't have the same impact that it might on another loan. Furthermore, it poses serious drawbacks for the co-signer....

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
Before applying for a mortgage, borrowers need to build a plan for how they are going to manage their credit both going into the mortgage process and as they navigate through it. Lenders like to know that borrowers have a strong likelihood of repaying the loans they take out and, as such, look ca...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
If the temperature in your home is too hot at night, then you can't sleep. If it's too cold during the day, then you have to wear excessive layers. Everyone has his or her own idea of the ideal temperature, but to keep it on that perfect number can get expensive. So, below we've outlined five way...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 1
Generally when you are purchasing a home, you are buying below the appraised value and you are making a down payment. The good news is this means you have "instant equity" in your home. For some homeowners, this means may be considering taking cash-out from your home equity in order to pay off cr...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
So you find yourself with a little bit of extra money – perhaps due to a raise, an inheritance or an unexpected windfall? Should you put all of your money toward paying down the mortgage on your home? Or would you be better off placing your extra cash into a savings account? Deciding whether to p...

Maple Grove, MN Real Estate Professionals