Introduction When it comes to buying a home, one of the most important decisions you’ll make is choosing the right type of mortgage. With so many
When you’re thinking about buying a home, the excitement can be overwhelming. But before you start browsing listings and imagining your dream kitchen, there’s an
How Homeowners Can Save Money and Boost Monthly Cash Flow Owning a home is a big responsibility, but it also allows you to save money
Venturing into the world of homeownership for the first time can be both thrilling and overwhelming. For first-time homebuyers in Minnesota, the journey is filled with excitement, planning, and an array of decisions.
Why Pre-approval Matters Pre-approval for a mortgage is one of the most important first steps one can take in buying a home. A pre-approval allows
When it comes to buying a home, misinformation can lead to costly mistakes or missed opportunities. At Loans by Singh, we believe in empowering our
If you’re shopping for a mortgage in Minnesota, understanding the difference between your interest rate and Annual Percentage Rate (APR) could save you thousands of dollars. Whether you’re eyeing a downtown Minneapolis loft or a cozy cabin near Brainerd, this guide will explain why APR matters, how Minnesota-specific fees impact your loan, and actionable tips to compare lenders like a pro.
When you’re buying a home in Minnesota—whether it’s a lakeside retreat in Brainerd or a suburban townhome in Eden Prairie—the Loan Estimate (LE) is your roadmap to understanding mortgage costs. This 3-page document, provided by lenders within 3 days of your application, breaks down your loan terms, interest rates, and closing costs. In this guide, we’ll explain how to decode the LE, compare offers, and avoid surprises at closing.
your Debt-to-Income Ratio (DTI) is one of the most critical numbers lenders evaluate. Whether you’re eyeing a cozy cabin in Duluth or a modern condo in Minneapolis, understanding DTI can mean the difference between mortgage approval and rejection. In this guide, we’ll break down what DTI means, how to calculate it, and Minnesota-specific tips to optimize your finances.
January’s inflation data came in hotter than expected, pushing the 10-year Treasury yield up by 0.097 percentage points to 4.633%—the biggest one-day jump since mid-December, according to Dow Jones Market Data. Since mortgage rates closely follow Treasury yields, this spike suggests that borrowing costs are about to rise even further.
Tips for New Homeowners Prakash Singh – Real Estate Expert (Realtor and Mortgage Lender) Congratulations,
The closing process is the final step in your home-buying journey, where ownership of the property is officially transferred to you. While it’s an exciting milestone, it can also be overwhelming if you’re unprepared.
IntroductionWhen buying a home, two critical steps in the mortgage process are the home appraisal
Prakash Singh is a licensed mortgage broker and real estate professional in Minnesota with over
