Ken Graczak's Blog

Here is a website if you are curious about the HOPE program that was part of the HR-3221 program.  It is still a new concept.  My understanding it that you need to get a short payoff letter from your primary lender so you can qualify to 90%.  If anyone else wants to add to this, I would love it! ...

I have a couple links that have some great information on them.  The first talks about President signing the bill into law the 2nd is how it will help the average person.  http://money.cnn.com/2008/07/26/real_estate/housing_rescue_guide/index.htm http://news.yahoo.com/s/ap/20080730/ap_on_go_pr_wh...

I just read that the President should have signed or is signing this bill into law today.  If you don't know, the bill will allow the following for MN deals Conforming loan and VA loan limits will stay the same at $417,000 in Minnesota, but the increase in the FHA loans will become permanent.  ($...

For the last couple years I have been using Nehemiah for Down Payment Assistance with FHA loans to offer a no money down situation for my buyers.  According to Bankrate.com there are about 7,000 buyers per month using some sort of down payment assistance.  The federal housing-market bailout bill ...

I have a client that came to me a month ago and asked me this question "do you think the market has bottomed out".  I explained to him that he can find some great values out there and if he is ready to buy a home, this is a GREAT time to buy.  Well he came to me yesterday to get a pre-approval be...

Here is the link to a web page for a home and the virtual tour:   http://6285oxford.ePropertySites.com   This home is a gorgeous 2 story on a large park-like yard in Savanna Oaks neighborhood in Shakopee. The basement is 80% finished, letting the new owner have the final touches. High vaulted cei...

There's a growing trend among lenders that I am starting to get calls about this.  At first I thought it was just a couple lenders doing this, but I was wrong.  Unfortunatly, several major lenders are freezing withdrawals from Home Equity Lines of Credit (HELOCs). I don't want you to be caught of...

Bankruptcy is an uncomfortable subject for a variety of reasons. The most obvious is the potential havoc it can wreak on your finances. Running a close second is the negative stigma which is often attached to the process. This negativity is important to mention because strong emotions can sometim...

Working with a reputable, dependable credit repair company is more important than ever. With mortgage options becoming more restrictive, a good credit profile and score is extremely important.  I took 17 applications in April so far and only 2 of these didn't have issues with the credit.  You can...

My invision of how I should conduct my business is to offer a great value with exceptional service.  I charge what is fair when it comes to fees and the rate.  I had a client of mine that was looking to refinance out of an adjustable loan that he took out almost 7 years ago.  This is another situ...