RECENT BLOG POSTS
According to HUD Mortgagee Letter Buyers are allowed to use their tax credit at the closing table.  This only applys to FHA loans right now and still can't be used for the minimum 3.5% down payment needed but can be used to lower the loan amount as additional down payment or to pay for closing co...
05/29/2009
I was attending class last week to get my continuing education for my license requirements last week and polls were taken in each class as to whether you had a personal website, not just a company website and very few agents had one.  Less than 15% of the agents in the class had personal web site...
04/28/2009
Just when you think the federal reserve bank has done all it can to help the housing and mortgage industry it pulls another rabbit out of its hat. Its buying back $300 billion in treasurys.  Mortgae rates reacted positively and fell almost a 1/2 of a point down to around 4.5%.  The lower interest...
03/19/2009
I've just discovered twitter and have realized what a great tool it is to spread the word about yourself and others.  I can be used to connect all of your blogs like activerain and others, let people know you have new listings, anounce specials and program change and also tax credits from the sti...
02/16/2009
With the recent lowering of mortgage rates anyone that took out a loan in the last 3 to 4 years can benefit by a refiance if they have the equity in their homes to to do it.  Fortunately many people that bought foreclosed or distressed properties at below market value now have the opportunity to ...
02/02/2009
Usda Rural Development loans have become a new and hot loan source for buying homes outside of metro ares.  They have become so hot the USda has ouble their prouction from the prior year.  For those of you not familiar with this loan program it still allows no money own and up to 6% in seller pai...
11/21/2008
Everything we do now should start with creating and staying active on a blog, but not just being active and typing new content but by being engaging, entertaining, rewarding and relavent.  Be active by interacting with the people reading the material and commenting.  Everyone loves comments and m...
11/19/2008
What a month!  With declining markets and Private Mortgage Companies cutting back loan to values on credit scores and declining markets. We needed some good news. Not today.  How in the world is the housing market going to turn around with Fannies new appraisal code going into effect on January 1...
03/03/2008
December has been one of my most profitable months in my 11 year career.  Clients, not just mortgage brokers and Realtors stress out during the holiday season too.  I tend to direct market a little more and do some social networking and find that most people are willing to take some time to analy...
12/12/2007
I was talking with a friend yesterday about first time home buyers having more buying power right now than anytime in in recent history.  They have great first time home buyer mortgage programs, no need in having to sell their there current home, and an amazing amount of homes to choose from with...
10/17/2007
Rainer
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Rick Davis

MN Real Estate & Mortgage Source
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