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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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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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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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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Rent vs. buying

Hand squeezing a small house with the words Buy or Rent above it

Thinking about whether to buy or rent a house is a hard decision and not one that should be taken lightly. The best advice anyone could possibly give you is to remember to do what’s best for you and your family. Additionally, determine how much of a monthly payment you can afford and how much…

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The truth about mortgage myths and misconceptions

Man and woman smiling at each other looking at their new house.

The home buying process can be overwhelming, especially when you’re looking to finance your purchase with a mortgage. It’s important to not only understand the mortgage process but to be aware of potential myths and misconceptions that exist. Myth 1: Being pre-approved guarantees you’ll get a home loan Getting pre-approved for a mortgage is a…

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3 Questions to Determine if You’re Ready to Own a Home

Couple laying the a floor with moving boxes around them.

Buying a home is one of the biggest financial decisions you’ll ever make, so it’s important to not rush into it. It may feel like you’re throwing away money while renting (especially if your mortgage payment could be cheaper than your rent), but you may be able to avoid other expenses that homeowners incur. Before…

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