Mini Mortgage Questionaire
Posts By Joan Rusco
… who made these bad decisions? How about someone who made more money last year than you and your family will make in a lifetime.
Holy cow, look at that price recovery! The Case-Shiller index shows prices…up over 16%…and 11%. We are still believers in this country, this economy and most of all, the change that will inevitably come.
We have been urging our Minesota and North Dakota Veterans to make a decision soon…What’s happening in Washington will make VA loan rate increases impossible to avoid.
Excuse me home builders, but your bad news may be good news for Minnesota homeowners and VA loan seekers…We at VALoansMN believe this bloated supply of homes for sale and our historic low VA loan rates is presenting an opportunity that could be characterized as “once in a lifetime”.
The Fed doesn’t control interest rates but they can tell us what to expect. We at VALoansMN are watching the Fed very closely for a signal rates are going up on VA Loans in Minnesota and nationwide.
We hope for the sake of Minnesota veterans seeking to refinance or purchase a home with a VA Loan that the headline “Borrowers Pass Up Mortgage Windfall”…is inaccurate. We may not be doing a sufficient job of convincing our veterans that now be a waning time to buy or refinance using your VA loan at these historic rates.
The Realtor questioned the rate her client was receiving on the VA loan….We’ve also seen the ads for houses selling for half off the asking price or for pennies on the dollar. We would never call a Realtor and question the price you’ve negotiated for a client or the homes they’ve shown.
We have several people waiting to refinance using a VA Loan if only their homes would return to values sufficient to allow a new mortgage. In other words, they owe more on their mortgages than their homes are worth…we wish today’s news on median home prices was better.

