Real Estate Agents are important to use to help you find your home. They have access to all the homes listed on the market. Real Estate Agents can set you up on a search to be emailed to you or if you'd like to meet them in person, you are more then welcome. The search can be set up to email you right away when a home hits the market that is in your search criteria, daily, or weekly. It is a pretty smooth process. What a lot of buyer's do is drive by the house to see if it's in the location they prefer and a house they would like to see the interior, then they call the Real Estate Agent who sent them the information and set up a showing. As always, you should be pre-approved for a mortgage prior to receiving email alerts so you know how much your payments will be and what you are pre-approved up to.
If you have any questions, please feel free to contact Chris Kusch with Premier Mortgage Link Inc. at 763-862-3990 or 763-300-9510. You can also visit us on the web at www.premiermortgagelink.com or www.pmlink.biz.
Thank you!
Friday, June 27, 2008
Thursday, May 1, 2008
Rates Drop!
Yesterday, the Feds dropped the Federal Funds Rate to 2.00%! This effected the Home Equity Lines of Credit (HELOC) by dropping Prime rate to 5.00%. Good news to a lot of people who currently have HELOC's or would like to get one. If you are interested in a HELOC, please contact Chris Kusch with Premier Mortagage Link at 763-862-3990 or 763-300-9510. You can also complete an application online by going to our website at www.premiermortgagelink.com or clicking on the link at the left of this page.
Thursday, April 24, 2008
FHA 203(K) Loan
An FHA 203(k) loan allows a person to purchase or refinance a property and finance the cost of renovation with one closing. You can even finance up to 6 months mortgage payments into the loan! The minimun eligible improvements on the property is $5,000.
The mortgage must include one or more of the following;
structural repairs and alternations, improvement in the functionality or modernization, changes for aesthetic appeal, and the elimination of obsolescence, repair or replacement of plumbing, heat, air conditioning or electrical, installation of well and/or septic system, replacement of flooring or carpeting or tile, energy conservation improvement, major landscape work and site improvement, or improvements for easier accessibility to the handicapped.
These items can be included in the plan after the minimum $5,000;
new stoves, refrigerators and other free-standing appliances, painting or other cosmetic repairs, repair of a swimming pool up to $1500.
Any item that will not become a permanent part of the property are not eligible. Luxury items are not eligible. These items include, but are not limited to;
new swimming pools, exterior hot tubs, saunas, spas, tennis courts, and barbecue pits.
There are property eligibilities as well. Please contact Chris Kusch with Premier Mortgage Link for further information at 763-862-3990 or 763-300-9510.
The mortgage must include one or more of the following;
structural repairs and alternations, improvement in the functionality or modernization, changes for aesthetic appeal, and the elimination of obsolescence, repair or replacement of plumbing, heat, air conditioning or electrical, installation of well and/or septic system, replacement of flooring or carpeting or tile, energy conservation improvement, major landscape work and site improvement, or improvements for easier accessibility to the handicapped.
These items can be included in the plan after the minimum $5,000;
new stoves, refrigerators and other free-standing appliances, painting or other cosmetic repairs, repair of a swimming pool up to $1500.
Any item that will not become a permanent part of the property are not eligible. Luxury items are not eligible. These items include, but are not limited to;
new swimming pools, exterior hot tubs, saunas, spas, tennis courts, and barbecue pits.
There are property eligibilities as well. Please contact Chris Kusch with Premier Mortgage Link for further information at 763-862-3990 or 763-300-9510.
Wednesday, April 16, 2008
Renovation Loans
Did you know that you can buy a home and have some extra money set aside to do some remodeling? Maybe the carpeting is warn and you need to put in some new carpeting. Give me a call about renovation loans and we can discuss your situation one-to-one. Chris Kusch with Premier Mortgage Link 763-862-3990 or 763-300-9510.
Wednesday, April 2, 2008
FHA Loan Limits
Did you know HUD raised the loan limits to further help people refinance or purchase a home? This helps a lot of people who did not qualify for an FHA loan due to their loan amount being too high. Please go to our website to learn more, or give Chris Kusch with Premier Mortgage Link a call at 763-862-3990 or 763-300-9510.
Tuesday, April 1, 2008
FHA & VA Refinance
Did you know that if you have an FHA or VA loan, you can possibly refinance it into a lower interest rate? If you have a higher rate on your FHA or VA loan, please give me a call at 763-862-3990 or 763-300-9510 so we can discuss your personal situation. On FHA, you can even take cash-out up to 95% LTV!
Wednesday, March 19, 2008
Prime Rate
The Prime Rate is now at 5.25%!!! This is great news for anyone who wants a Home Equity Line of Credit (HELOC) Loan. Some people might even qualify for a rate lower then the 5.25%. HELOC's have a variety of uses. You use the money to pay off credit card or other debt, add an addition on your home, remodel your home, or for whatever reason need be. If you would like additional information about HELOC's or any other type of financing available, please contact Chris Kusch with Premier Mortgage Link at 763-862-3990 or 763-300-9510.
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