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Mortgage Tips

3 Reasons Why the Cost of Title Insurance is Worth the Investment

September 2, 2021 by bobelliot

Title insurance is one of the few types of protection policies available to homebuyers and one that is often overlooked because of its optional nature. Because title insurance is purchased simultaneously with the home, it can be very easy to forego when looked at alongside all the additional fees that Read More

Posted in Mortgage Tagged home loan, insurance, Mortgage Tips

4 Things You Absolutely Should Not Do After You Apply for a Mortgage

August 12, 2021August 12, 2021 by bobelliot

If you have a good credit history and are prepared to invest in a home, you may be feeling pretty confident about the mortgage process. However, it’s important to be aware that there are things that can have a negative impact on your application. Whether you’ve just submitted your documents Read More

Posted in Mortgage Tagged credit cards, Mortgage Tips

3 Reasons to Avoid Giving Wrong Information on Your Mortgage Application

June 30, 2021 by bobelliot

A mortgage application is typically several pages in length, and it requires you to provide a considerable amount of information about your personal, professional and financial life. Some mortgage applicants may not have access to all of the information when completing the application, and others may simply skim over the Read More

Posted in Mortgage Tagged application, Mortgage Tips, mortgages

Understanding Appraisals and What to Do If Your Home Doesn’t Appraise for Its Purchase Price

June 8, 2021 by bobelliot

It can be a bit of a surprise if your home turns out to be valued at less than the purchase price offered, but this is the type of thing that can occur in an appraisal situation. While this can change everything from your contract to the amount of your Read More

Posted in Mortgage Tagged appraisals, Mortgage Tips

The Pros and Cons of Paying Your Mortgage Bi-weekly Vs. Monthly

June 4, 2021 by bobelliot

When applying for a new mortgage or after closing, many may have the option to choose between a single monthly mortgage payment or smaller bi-weekly payments. There are benefits and drawbacks associated with both options, and some personal financial considerations may need to be reviewed in order to make a Read More

Posted in Mortgage Tagged homeownership, mortgage, Mortgage Tips

The Mortgage Pre-approval Letter: Why It’s Important and How to Get One

March 30, 2021 by bobelliot

If you are thinking about buying a new home in the near future, you may already be searching online to get a feel for the different types of homes available in the local area. You may have reviewed your budget, and you may have a fair idea about a sales Read More

Posted in Mortgage Tagged home buying, Mortgage Tips

Purchase The Right Amount Of Home Insurance

December 15, 2020 by bobelliot

For most people, their home is the most valuable investment they will ever make. Therefore, it needs to be protected. This is where homeowners’ insurance is critical. At the same time, buying the right amount of homeowners’ insurance can be a bit of a challenge. A home that is underinsured Read More

Posted in Mortgage Tagged insurance, Mortgage Tips

Be Prepared for Your Mortgage Pre-approval Interview by Having Answers to These 4 Questions

December 4, 2020 by bobelliot

So – you’ve completed an initial mortgage pre-qualification and now you’re ready to take the next step and meet with your lender or mortgage advisor for the pre-approval interview. Are you ready? At this stage of the application process your lender will dig into your financial background to ensure that Read More

Posted in Mortgage Tagged Mortgage Tips, Preapproval

Contact Us

Bob Elliot
eXp Realty
612.868.5500
bob@mnresteam.com
7700 France Ave S, Edina, MN
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