Quickly Find Out What that Home Down the Street Sold For, By Email, for Free. If you are considering selling your Minneapolis, Edina and Lake Minnetonka, Minnesota home, you are probably wondering what other homes in the area are selling for. There might be one home in particular that you'd like to know the sale price on, or you might be interested in all the homes that have sold recently in your Minneapolis, Edina and Lake Minnetonka neighborhood. I can help! I can tell you exactly what any home sold for in your area. I will furnish you with a list of homes that have recently sold on your street or in your neighborhood. I can also tell you about homes similar to yours that are currently for sale. This service is entirely free, without obligation. As a top Minneapolis, Edina and Lake Minnetonka real estate agent, this is part of the service that I provide to home sellers on a daily basis.  Find out what a home or property sold for, by email, for free! It's my job to help you determine real estate values in Minneapolis, Edina and Lake Minnetonka! There's no obligation, and I promise to get back to you quickly...
Interest Rates >Locking in Loan Rates It is important for both new homebuyers and homeowners who want to refinance to understand how to lock in an interest rate when applying for a mortgage loan. Understanding how rate locks work prepares you to evaluate your options.
While you are in the process of applying for your mortgage loan, interest rates will most likely fluctuate from day to day and week to week. If you want assurance that the wonderfully low interest rate on your loan will not increase while you are waiting for loan approval, ask for a rate lock. A conventional rate lock is a guarantee from the lender that your mortgage will carry a particular interest rate, with specific, predetermined points and fees.
The interest rate is "locked in" for a specified period of time, usually thirty days. When you call a lender for a rate quote, ask how long that rate will last for. If you think you might need more than thirty days to complete your home purchase or refinance, tell your lender how many days you will require, and they will give you an adjusted rate quote.
Rate locks are especially useful if interest rates are on the upswing, and you are concerned about ending up with higher monthly payments. If you cannot afford the risk of a further interest rate increase, lock in your loan rate now.
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| Q |
What is considered the primary factor distinguishing buyers of prestigious properties from the average home buyer?
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| A |
Financing doesn't worry these buyers; they often put down 40 percent or more or pay cash for a property |
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