If you’ve owned your Minnesota home for a while now, you’ve probably noticed a few things have changed—maybe it’s the market, maybe it’s your income, or maybe you’ve just got new goals on the horizon. Whatever the case, your mortgage doesn’t have to stay exactly the...
How Buyers and Homeowners Can Come Out Ahead in a Slower Market
You hear it everywhere lately—“The housing market’s slowing down.” And for a lot of people, that sparks hesitation. Is it the right time to buy? Should I wait to refinance? What does it even mean for me? Here’s the thing: just because the pace has cooled doesn’t mean...
Homeownership as a Long-Term Investment: Why Buying a Home Pays Off Over Time
When it comes to building wealth and financial stability, few strategies are as time-tested as homeownership. While buying a home is often viewed as a major life milestone, it’s also one of the most effective long-term investments many people will ever make. Unlike a...
Why a Recession Doesn’t Have to Derail Your Homeownership Goals
If you're dreaming about buying a home but keep hearing talk of a recession, it's easy to feel discouraged. Economic downturns can make even confident buyers second-guess their timing. Questions like “Will I still qualify for a mortgage?” or “Is it a smart move to buy...
The Pros and Cons of Refinancing a Vacation Home in Minnesota
Minnesota is famous for its peaceful lakes, wooded getaways, and seasonal escapes, making it a top destination for vacation homes. Whether you own a cabin in Brainerd, a lakefront retreat near Alexandria, or a cosy chalet up north, your second home is more than a...
5 Common Myths About Buying Your First Home
Buying your first home is an exciting step, but it’s also one filled with questions, doubts, and more than a few misconceptions. If you’ve been putting off homeownership because of something you “heard” from a friend or saw in a headline, you’re not alone. At KPT...
Fixed-Rate vs. Adjustable-Rate Refinancing: Which Option Fits Your Needs?
Refinancing your mortgage can help you lower your monthly payments, secure a better interest rate, or tap into your home’s equity. One major decision you’ll face during the refinancing process is whether to opt for a fixed-rate mortgage or an adjustable-rate mortgage....
Mortgage Options for Divorcing Couples: Retain, Refinance, or Sell?
Divorce is one of life’s most challenging transitions, and when real estate is involved, the financial complexities can feel overwhelming. A shared mortgage adds another layer of difficulty, requiring careful decision-making to determine the best path forward. If you...
Mortgage Refinancing for Retirees: Is It the Right Move for You?
Retirement is a time to enjoy financial stability and the lifestyle you’ve worked hard to achieve. For many retirees, adjusting their financial situation to fit their new stage of life is essential, and refinancing a mortgage can be one way to do that. Whether the...
How to Navigate Mortgage Pre-Approval as a First-Time Homebuyer
Buying your first home is an exciting milestone, but the process can also feel overwhelming—especially when it comes to securing financing. One of the most important steps in the homebuying journey is getting pre-approved for a mortgage. Mortgage pre-approval not only...
How to Finance Your First Rental Property in Minnesota
Investing in rental property is one of the most effective ways to build wealth and generate passive income. If you’re considering purchasing your first rental property in Minnesota, you’re entering a market filled with opportunity. From the vibrant urban landscapes of...
How Credit Scores Affect Refinancing in Minnesota
Refinancing your mortgage can open the door to significant financial benefits, such as lower monthly payments, reduced interest rates, or access to home equity. However, credit scores play a pivotal role in determining not only your eligibility for refinancing but...