All You Need to Know About Taking Out a Home Loan in 2022

Young children run into new home with boxes.

The real estate market has shifted tremendously since the start of the coronavirus pandemic. Now, as we approach the two-year mark since COVID-19 reached the U.S., the market continues to adjust to the changing economic environment, rising inflation and fluctuating demand. If you’re looking to take out a home loan in the near future, it’s…

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DIY or call the pros?

Man puts together a shelf with dogs help.

Q: Which home improvement projects can I tackle myself, and which should I leave to the pros? A: In today’s world, when you can look up how to do practically any project online, it’s tempting to want to do everything yourself, but it isn’t always the best choice. Attempting to do a project on your own can…

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A Mortgage Team thank you

Small cardboard house with heart keychain

I know you’re typically used to seeing some fun mortgage topic in the newsletter, but given that it’s the holiday season I figured I would switch things up a little bit. This newsletter is all about you, the members! Who would have ever thought we would pair a global pandemic with historic mortgage rates? Well,…

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Mistakes to Avoid Before Your Home Closing

Mistakes to Avoid Before Your Home Closing SouthPoint Home Mortgage

Picture this: not only are you pre-approved for your home purchase, but your purchase agreement has been accepted and you’re ready to kick it into high gear. The boxes are packed, family and friends are lined up to help you move and you’re ready to enter into home ownership. But not so fast! Don’t derail…

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Is OnPoint for You?

Is OnPoint for You SouthPoint Home Mortgage Loan Expert Sara Waibel Hutchinson and Waconia Minnesota

Have you heard the exciting news about SouthPoint Home Mortgage’s OnPoint Products? Our OnPoint products are new and improved to offer you even more purchasing power on your dream home or can help you save even more money with a refinance of your current home! What is OnPoint? It’s an adjustable rate mortgages (ARM)! We…

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Should I Refinance to a 15-year Mortgage?

Should I Refinance to a 15-year Mortgage by Mortgage Loan Officer John Flemmer New Ulm Minnesota

With mortgage rates falling and financial experts predicting an unstable future for the economy, lots of homeowners are rushing to refinance their mortgages to lock in low rates. One increasingly popular option is to refinance a conventional 30-year mortgage into a 15-year loan. Borrowers may be wondering if this is a financially sound move to make for…

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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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Understanding cash on hand

Man with cash in hands SouthPoint Home Mortgage in Sleepy Eye Springfield New Ulm St Peter Mankato Hutchinson Waconia

Recently, I was reading an article outlining the amount of cash needed to buy a house. To be honest, as a mortgage loan processor, the word “cash” makes me nervous! Using cash on hand for your down payment and closing costs, may cause a closing delay and/or additional documentation needed. That’s because for final loan…

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