Dorothy Goldy NMLS 1281678

09/06/2023

It's September and summer is almost over. Have you thought about getting a home before the end of the year? Maybe you're interested in looking next spring/summer but want to know what you can do to get the best rate possible. Message me and we can set up a time, that is most convenient for you, to talk about getting qualified for a mortgage,answer questions, or work on a future plan to get qualified. Happy Wednesday!

07/19/2023

07/19/2023

Hurry before this goes away. Veterans and Active Duty are becoming homeowners with this program!

07/19/2023

Hurry before this goes away. Take our 45 second mortgage quiz to find out how much you qualify for in Minnesota!

06/24/2023

Working with a new company, Scaling Wizards! Looking forward to this new business relationship!

06/22/2023

🤔 What is an FHA loan? 👇

An FHA loan is a home purchase and refinance loan just like a conventional mortgage. The main difference? FHA loans feature mortgage insurance from the Federal Housing Administration. This insurance shields lenders from losses in case the borrower defaults. With help from this insurance, borrowers with lower credit scores and higher existing debt payments can still qualify for lower interest rates.

🤔 Is FHA only for first-time homebuyers? 👇

No. First-time homebuyers, as well as repeat homebuyers, can get FHA loans. However, FHA loans are for first homes and not vacation homes or investment properties.

🤔 Why would a buyer choose an FHA loan? 👇

Compared to conventional loans, FHA loans can offer competitive interest rate mortgages to homebuyers who have lower down payments and lower credit scores. In exchange for getting more relaxed credit qualifying, FHA borrowers pay upfront and annual mortgage insurance premiums. Often, the cost of this extra insurance can pay for itself through the interest savings an FHA loan can offer. Other times, homeowners may save more with a conventional loan.