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Home for the Holidays!

Expert Tips

Home for the Holidays!

Home for the Holidays By Sara at SouthPoint Home Mortgage

There’s nothing quite like coming home for the holidays. It’s a time to reconnect with family and friends, reflect on the passing year and enjoy all of the sights, sounds and smells of the season. With that in mind, here are a few quick and easy tips to make your home holiday ready, so you…

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Tips & Tricks For Moving During The Holiday Season

Tips and Tricks for Moving During the Holiday Season by SouthPoint Home Mortgage

As I sit here writing, snow is currently falling outside and the air has gone from summer heat to a sharp winter chill. It’s hard to believe it’s already the end of November. While most Minnesotans like to hunker down for the winter there are still a good number of people who move into a…

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Can I Buy A House When I’m Paying Off A Student Loan?

Can I Buy A House When I’m Paying Off A Student Loan

Are you really ready to buy a house? Before you take a look at your finances to determine if you can pull off this purchase, make sure this goal is in your best interest. For starters, do you really know which city or neighborhood you’d like to live in at this point in your life?…

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Mortgage Rates are Dropping; Should I Refinance?

Rate are low thinking of refinancing SouthPoint Home Mortgage

Q: I’ve heard that mortgage rates have dropped dramatically since the start of 2019. Should I refinance my mortgage loan to take advantage of these lower rates? A: Refinancing a mortgage is essentially paying off the remaining balance on an existing home loan and then taking out a new mortgage loan, often at a lower interest rate.…

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Your mortgage is done … now what?

Two men shake hands in an office

For most people purchasing a new home financing is often the most stressful part. What are some other things you need to worry about before moving into your new home? Moving expenses: Along with financing a new home, moving everything you own can be a very stressful process to go through. You can save yourself…

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Should you consider a cash-out refinance?

Clipboard with sheet of paper that says "cash-out refinance" sits on a desk with a calculator and wood house cutout.

A cash-out refinance is a great option for paying down debts, getting finances in order, or for home improvements and other major expenses. A refinance uses the equity, or built up value, in your home to finance these desired items. For example: you owe $150,000 on your mortgage, but your home is valued at $250,000.…

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When Should I Put My House On The Market?

Home For Sale Sign outside

If you’re thinking of selling your home, think spring. That’s because the season of blossoming flowers and gentle breezes has traditionally held the designation as the best time of year to sell a home. Before you start prepping your home for a photo shoot that shows it off in the best light, take a moment…

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What determines your credit score?

A man checks his credit score on his phone and computer.

Your credit score stays with you forever and helps lending institutions determine how much money they should borrow you, but how is it determined? There are several areas credit bureaus look at when determining your score. They don’t randomly assign a three digit number between 350-850, so it’s a good idea to know what goes…

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What is Mortgage Servicing?

Close up of hands signing a mortgage loan.

Have you ever wonder what happens after you take out a mortgage? For instance, who manages the loan? Either the mortgage lender will retain your loan servicing or a specialized mortgage servicer will. A sure-fire way to tell is by reviewing your loan statement or payment coupon book. As servicers, they are responsible for the…

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