Upgrade Your Minneapolis Home

September 12, 2011

If you have the ability to buy homes in Minneapolis and or real estate in the surrounding suburbs of Minneapolis, now is the time to do it.  What does it cost these days to take the next step?  Say for example you own a house in Minneapolis that is a town home at a rate of 5%.   You are interested in looking to buy a new Minneapolis for sale at 325k at a 4 percent interest rate (Minneapolis Interest rates are really low right now).  Your current town house payment is $1,140 and your new house in Minneapolis that you are looking to buy is $1,600 per month.  There is a difference of $500 then after the tax benefit you are only at $400.  Once you then factor in appreciation it is at about 3% over the next 30 years, you will be at approximately $250 less than what you are currently paying on your mortgage.  Minneapolis Town houses also typically have association payments which don’t even go towards your mortgage.  The numbers tell you to upgrade your Minneapolis home now.

Many people don’t think it is very easy to get financed right now but the truth of the matter is that getting a mortgage is a bit easier today than it was 2 years ago.  Mortgage lenders are not as strict.  If you have dinged up credit you could get in touch with a MN mortgage broker or specifically a mortgage broker in Minneapolis.  A Minneapolis mortgage broker can help you clean up your credit history in as little as 60-90 days and this will help you get financed for your next Minneapolis property you find.

If you have decided that buying a home in todays market fits your needs, contact Webdigs Realtor Jan Worthen today.