If you need assistance, please call 612-314-6330

Pre-Approved Vs Pre-Qualified | Blog

Wednesday, April 26, 2017   /   by Jason Huerkamp

Why Should My Seller Choose Your Offer?

When you are looking to buy a home in todays hot real estate market, its important to think about the Seller when making your serious offer on a home. Here are a few points to think about when you want that dream home in a competitive market.

When your offer is submitted via the real estate agent on your dream home, what is it about your offer that My Seller would prefer over all others that are presented? Most buyers think its only about price, but that is not always the case. The Seller has needs. He wants to get his home sold in the shortest possible time, for the most amount of money, with the least amount of hassle and inconvenience. The answer is literally in that sentence. So how can you make that happen?

Shortest Possible Time - A serious seller will have priced him home to suit the market. As his representative, we would have gone through the stats and decided on an appropriate price for the property in order to get it sold in the shortest possible time. Your quick move ...

Read More


  #realestatemarket, buyer tips, seller tips, #buyeragent, negotiating the sale, #selleragent, pre-approved vs pre-qualified, mortgages

Friday, March 17, 2017   /   by Jason Huerkamp

Questions Every Buyer Should Ask When Buying a Home

The first thing you need to do is be sure you are working with a great real estate agent, someone who has experience and understands your needs. Choosing your real estate agent is of prime importance. Choose with care. Read more about that here.

We get asked many questions by buyers when they are considering buying a home. There are a few that come to mind that are really important. Lets take a look at those important questions.

How Much Home Can I Afford

There is a good chance that when you get pre-approved / pre-qualified for a home your lender will have spoken to you about the amount of the loan and what payment you will have to pay each month. Before you buy, make a list of all the things that you will need to pay over and above your mortgage payment. Here are a few items you may need to consider to add in to your monthly budget



HOA fees
Utilities
Cable
Internet
Garden Maintenance
House maintenance
Insurance
Property Taxes


These costs are house rela ...

Read More


  #realestatemarket, buyer tips, #buyeragent, pre-approved vs pre-qualified

Tuesday, December 20, 2016   /   by Jason Huerkamp

The Difference Between FHA Loans and Conventional Loans

FHA and Conventional Loans
When buying a home and requiring a mortgage, we often get asked about the option of getting an Federal Housing Administration (FHA) Loan and what the difference would be to you the buyer.  Would there be any reason why a seller would choose another offer to purchase with a conventional loan in preference to an FHA loan offer from a buyer.




What is an FHA Loan?

An FHA loan is one that is applied for through a conventional home loan provider (one on the list of providers by the FHA and approved by them) and is insured by the FHA so that the lender is guaranteed their money should you default on your loan. There are two sets of criteria to be met in order to be able to use the the FHA option - The Lenders criteria and The Governments criteria. The buyer, depending on their credit score, will generally be able to put down a lower downpayment of 3.5%. It is important to know your credit score and how to remedy it before applying for a loan an ...

Read More


  buyer tips, negotiating the sale, pre-approved vs pre-qualified, mortgages, finance101

Wednesday, November 9, 2016   /   by Jason Huerkamp

Credit Scores and Buying Your Home

Know Your Credit Score Before Buying a Home

Credit history is vitally important when considering purchasing a home. Not only does it allow you to get the best rates and the best offers from a lender, it gives you the opportunity to be pre-approved and the best kind of buyer should you get into a bidding war on your dream property.

If you haven't got a credit history it is almost as bad as having a terrible credit score. The lender likes to see that you have been responsible looking after your payments and so its an essential part of the plan when considering a home purchase.

In order to establish a credit history, you could go into the bank and get a pre-paid credit card and whatever you purchase on your card, be sure to pay the same amount off each month. You will be showing you are responsible and before you know it you will have a fair credit score. Once you have proved your value you can ask the bank for a credit limit. Your credit score will build qui ...

Read More


  #realestatemarket, credit scores, pre-approved vs pre-qualified

Jason Huerkamp
14300 Nicollet Court # 208
Burnsville, MN 55306
612-314-6330

The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.” Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.” Copyright2019Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated July 19, 2019