January RE Guide 2015

Owatonna Area

REAL ESTATE GUIDE

January 2015 This photo is for illustration only.

This is not an actual listing.

Owatonna.com

Understanding Your Credit Report

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REAL ESTATE GUIDE

Friday, December 26, 2014

Understanding 350 450 550 650 750 Your Credit Report 2

Page 2 Real Estate Guide

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It’s always a good idea to obtain a copy of your credit report before applying for a home loan

You can correct any errors on your credit profile in advance, establish credit if necessary or start repairing your credit if you had problems in the past. Lenders look very carefully at your credit as an indicator of your “character” or your willingness to repay your loan. Having poor credit, little or no established credit or unresolved dispute with creditors can affect your purchas It’s and always a good idea to obtain copy ofcredit yourreporting credit report before applying for acredit home loan. power your ability to get a loan.

Contacta the three companies for copies of your report.

You can correct any-errors on your credit profile Trans in advance, credit if necessary or start repairing your credit if you’ve Experian www.experian.com Unionestablish - www.transunion.com Equifax - www.equifax.com had problems in the past. Lenders look very carefully at your credit as an indicator of your “character” or your willingness to repayyou yourreceive loan. Having credit, little orcheck no established or unresolved dispute with creditors can affect your purchasing When yourpoor credit report for thecredit following items: power and your ability to get a loan. the three companies for copiesthat of your credit report.

• Incorrect Entries - If there Contact are mistakes oncredit your reporting credit report (i.e. accounts aren’t yours or on-time payments th

Bank of America Home Loans® g + your real estate professional = home buying made clear

are showing you can have them corrected by writing to each credit bureau and requesting that the informatio Experianas- late), www.experian.com Trans Union - www.transunion.com Equifax - www.equifax.com be deleted. They will contact the creditor who must respond within 30 days. If the creditor does not respond, the When youwill receive your credit for thewill following items: item be removed and report a new check credit report be issued to you. If there is still a dispute, you can add a 100-word • statement Incorrect Entries - If there are mistakes on your credit report (i.e. accounts that aren’t yours or on-time payments that to your file explaining your side of theRely story. on our experience and guidance to help you find the loan option that’s right for y • •

are showing as late), you can have them corrected by writing to each credit bureau and requesting that the information

circumstances. Combined with your real estate professional’s local market knowledge Outdated Negative Credit - If there who are must unfavorable credit30 items 7 years showing onthe your report, follow be deleted. They will contact the creditor respond days.older the than creditor does not respond, to go fromwithin home shopper toIf homeowner. theitem procedure outlined can removed 10 is years. will be removed andabove. a new Bankruptcy credit report will bebe issued to you.after If there still a dispute, you can add a 100-word

statement to your file explaining your side of the story.

first step is easy: We’ll be happy to review your goals and provide you with a Current Negative Credit - If you have currentThe credit problems, the time to resolve them is before you buy. help determine how much you can comfortably afford to borrow. With that informat • Re-establishing Outdated Negative Credit - If there are unfavorable credit items older than yearsimportant. showing on your report, good credit after a bankruptcy or other credit is7 very consult with your problems real estate professional to find a home that’s rightfollow for you. And when

the procedure outlined above. Bankruptcy can be removed after 10 years.

benefit from our exclusive Clarity Commitment® loan summary that will highlight k Having an established credit history is also important asin lenders want to see a track record of debts owed that have been rep easy-to-understand language. the meantime, youbuy. may wish to explore our va • Current Negative Credit - If you have current credit problems, the or time to resolveaInthem is history before you If you haven’t already done so, apply for credit cards Guide, and use them establish credit by documenting your mont the H which provides home financing tools and calculators. You can access Re-establishing good credit after a bankruptcy or other credit problems is very important. directly from our website. rent payments and your monthly payments to utility companies.

Having an established credit history is also important as lenders want to see a track record of debts owed that have been repaid.

up — or theestablish expertisea of yourhistory local professional, coupled with all tha If you haven’t already done so, apply for credit cards andAdd useit them credit by estate documenting your monthly Call me today for more info on your credit report and forreal today’s current rates!

Home Loans® has to offer, could be your formula for home buying success.

rent payments and your monthly payments to utility companies.

Call me today for more info on your credit report and today’s To get started, or for the for name of a localcurrent real estaterates! professional, contact Scan this QR Codeus for contact info and links.

Mark Meier

Kriss Meier

Mark Meier Mortgage Loan Officer Mortgage Consultant NMLS# NMLS# 533156 533156 124 N. Ave. Mark Meier 124 N.Cedar Cedar Ave. Owatonna, MN Mortgage Consultant Owatonna, MN55060 55060

NMLS# Offi ce:533156 507.390.5626 Office: 507.390.5626

124 507.363.0030 N. Cedar Ave. Cell: Cell: 507.363.0030 Owatonna, MN 55060 efax: 855.727.2909 eFax: 855.727.2909 Office: 507.390.5626 MMeier@WintrustMortgage.com MMeier@WintrustMortgage.com Cell: 507.363.0030 www.WintrustMortgage.com www.WintrustMortgage.com

Scan thisScan QR this Code QR Code Kristin Meier Mortgage Loan Officer for contact info and links. for contact info and links.

Mortgage Loan Officer NMLS# 533094 (507) 213-9797 124 N. Cedar Ave. Cell (507) 446-1181 Office Owatonna, MN 55060 102 N. Cedar Avenue Offi ce: 507.451.1807 Owatonna, MN 55060 Cell: 507.213.9797 Kristen.Meier@BankofAmerica.com Kr istin.Meier@BankofA merica.com efax: 855.810.7743 http://mortgage.bankofamerica.com/kristenmeier http://mortgage.bankofamerica.com/kristinmeier KMeier@WintrustMortgage.com NMLS 533094 www.WintrustMortgage.com

Mark Mort (507 (507 102 Owa

Mark .M Mark.M

http://mo http://

eFax: 855.727.2909 MMeier@WintrustMortgage.com The Clarity Commitment® summary is provided as a convenience, does not serve as a substitute for a Smart borrower’s loan do (Requires phone actual QR Reader) www.WintrustMortgage.com

Borrowers should become fully informed by reviewing all of the loan and disclosure documentation provided. ©2010 Bank of America Corporation ARV225F1

(Requires Smart(Requires phone QR Reader) Smart phone QR Reader)

Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

Wintrust Mortgage is a division of Barrington Bank & Trust Company, N.A., a Wintrust Community Bank. Program rates, terms, and conditions are subject to change at any time. All approvals are subject to underwriting guidelines. If the down pay Bank of America, N.A., Member FDIC. Equal Housing Lender. less than 20% and based on the selected program and term of the loan, monthly mortgage insurance may be re

Protect personal information document.

Wintrust Mortgage is a division of Barrington Bank & Trust Company, N.A., a Wintrust Community Bank.your Program rates, terms, and conditions before are subjectrecycling to change atthis any time.

All approvals are subject to underwriting If the down Wintrustguidelines.

NMLS# 449042 – payment © 2012isWintrust Mortgag less than 20% and based on the selected program and term of the loan, monthly mortgage insurance may be required.

Wintrust NMLS# 449042 – © 2012 Wintrust Mortgage

FTB-012

Friday, December 26, 2014

REAL ESTATE GUIDE

INDEX ERA Gillespie Real Estate.....................7-8 Profinium Mortgage ...............................5 Wells Fargo .............................................6 Wells Federal ..........................................4

WINTRUST MORTGAGE.............................2

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Owatonna Area

REAL ESTATE GUIDE

The Owatonna Area Real Estate Guide is a monthly publication distributed in the Owatonna People’s Press and at select area locations in Owatonna. It is endorsed by the Owatonna Multiple Listing members.

A special project of The Owatonna People’s Press 135 W. Pearl St., Owatonna, MN

507-451-2840 • Fax 507-444-2382 Publisher RON ENSLEY Advertising Director DEBBIE ENSLEY

email: densley@owatonna.com Media Consultants

Owatonna.com All advertising contained herein is the responsibility of the advertisers.

The Owatonna Area Real Estate Guide retains the publication rights to all contents produced or supplied by the Owatonna Area Real Estate Guide. Use of material without written consent of Real Estate Guide is prohibited. All Rights Reserved © 2015

STEVE ARNOLD, ALISHA DAVIDSON BETTY FROST JENNIFER SORENSEN Advertising Design LAUREN BARBER, NIKKIE GILMORE,

EQUAL HOUSING

OPPORTUNITY

EQUAL HOUSING OPPORTUNITY

KEELEY KREBSBACH, JENINE KUBISTA, KELLY KUBISTA

All real estate advertising in this publication is subject to the Fair Housing Act which makes it illegal to advertise “any preference limitation or discrimination based on race, color, religion, sex, handicap, family status, or national origin, or any intention to make such preferences, limitation or discrimination.” Familial status includes children under the age of 18 living with parents or legal custodians; pregnant women and people securing custody of children under 18. This publication will not knowingly accept any advertising for real estate which is in violation of the law. Our readers are hereby informed that all dwellings advertised in this newspaper are available on equal opportunity basis. To complain of discrimination call HUD toll-free at 1-800-669-9777. The toll-free phone number for the hearing impaired is 1-800-927-9275.

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REAL ESTATE GUIDE

Friday, December 26, 2014

Friday, December 26, 2014

REAL ESTATE GUIDE

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See us for an amazing experience with your

HOME LOAN! Low rates • Fast closings • Great follow-through

Jennifer Svien NMLS# 663481

See Jennifer or Matt for details for fast and local service on your home loan. We’ll look out for your best interest!

Matt Walerius NMLS# 663358

Owatonna 1080 W Frongage Rd 507.444.0111 Mankato 507.389.8900 | Fairmont 507.235.5538 | Truman 507.776.2311

www.profinium.com | NMLS 402979 Member FDIC

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REAL ESTATE GUIDE

Friday, December 26, 2014

Get strongteam team pull Get aa strong strong team toto pull forfor youyou Get to pull for you

We tobe bepart part community and invite to callby orto stop by tohow discover we can assist Weare areproud proudto to be part ofof thethe community andinvite invite youto toyou callor orstop stop by todiscover discover how wecan canhow assist you We are proud of the community and you call we assist you with your mortgage needs.

Whether you are interested in new purchase, refinance, or home equity withyour yourmortgage mortgageneeds. needs.Whether Whetheryou youare areinterested interestedin innew newpurchase, purchase,refinance, refinance,or orhome homeequity equityfinancing, financing, financ with Wells HomeMortgage Mortgage assist finding a program your unique goals.

WellsFargo FargoHome Home Mortgage cancan assist withwith finding program thatfits fitsthat yourfits unique goals.

Wells Fargo can assist with finding aaprogram that your unique goals.

Call visit yourlocal local team today.

Callor orvisit visityour your local team today.

Call or team today.

Jannell Tufte Jannell Tufte Jannell Tufte Jannell Tufte

HomeMortgage Mortgage Consultant Home Mortgage Consultant Home Mortgage Consultant Home Consultant Office: 507-455-7516 Office: 507-455-7516 Office: 507-455-7516 Office: 507-455-7516 Cell: 507-456-5946 Cell: 507-456-5946 Cell: 507-456-5946 Cell: 101 507-456-5946 N Cedar Avenue Owatonna, MN 55060 101 North Cedar Avenue 101 North Cedar Avenue 101 North Cedar Avenue janell.d.tufte@wellsfargo.com Owatonna, MN 55060 Owatonna, MN 55060 Owatonna, MN 55060 NMLSR ID 402028

jannell.d.tufte@wellsfargo.com jannell.d.tufte@wellsfargo.com jannell.d.tufte@wellsfargo.com NMLSR IDID 402028 NMLSR ID 402028 NMLSR 402028

WellsFargo FargoHome HomeMortgage Mortgage adivision division Wells FargoFargo Bank,N.A. N.A. N.A. Wells Fargo isisais ofofWells Fargo Bank, Wells Home Mortgage a division of Wells Bank, 2013Wells WellsFargo FargoBank, Bank, N.A. AllAll rights reserved.

NMLSR ID399801.

399801.

2013 Wells N.A. All rights reserved.

NMLSR ID ©©© 2013 Fargo Bank, N.A. rights reserved.

NMLSR ID 399801.

AS992867Expires Expires02/2015 10/2013 AS992867 Expires 10/2013 AS992867 Expires 10/2013

Kelly Ratzloff Matthew G LeTourneau Matthew GLeTourneau LeTourneau Matthew G

HomeMortgage Mortgage Consultant Home Mortgage Home Mortgage ConsultantConsultant Home Consultant Office: 507-455-6784 Office: 507-444-2260 Office: 507-444-2260 Office: 507-444-2260 Cell: 507-390-4302 Cell: 507-339-2193 Cell:Oak 507-339-2193 Cell: 507-339-2193 1400 South Ave. Owatonna, 55060 Avenue 101 NCedar Cedar Avenue 101MN N Cedar 101 N Avenue kelly.l.ratzloff@wellsfargo.com Owatonna, MN55060 55060 Owatonna, MN Owatonna, MN 55060 NMLSR ID 1102316 matthew.g.letourneau@wellsfargo.com matthew.g.letourneau@wellsfargo.com matthew.g.letourneau@wellsfargo.com NMLSRNMLSR ID404642 404642 NMLSR ID ID 404642

Friday, December 26, 2014

REAL ESTATE GUIDE

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Nancy Sletten Cell: 507-363-9368 nancysletten@gmail.com 122 N. Cedar, Owatonna 507.451.7488 ERAGillespie.com Broker Associate

Realtor, GRI, SRES

EQUAL HOUSING

OPPORTUNITY

NEW LISTING

NEW LISTING

VISUAL TOUR #3489799

VISUAL TOUR #3490296

$177,500

$210,000

LOTS TO LIKE HERE! WELL MAINTAINED! 4 BEDROOMS, 2 BATHS! BIG FAMILY ROOM WITH FIREPLACE! DECK & PATIO! 3 CAR GARAGE!

EXTRA NICE HOME IN TIP TOP SHAPE! 4 BEDROOMS, 2 BATHS! NEW INTERIOR PAINT! DECK & NEWER AGGREGATE PATIO! 3 CAR GARAGE!

MLS #4058535

MLS #4058546

NEW PRICE

VISUAL TOUR #3458134

$110,000

NEW PRICE

VISUAL TOUR #3340916

$99,000

AFFORDABLE! WELL MAINTAINED END 3 BEDROOM MULTI-LEVEL IN NEW UNIT TOWNHOME WITH NICE YARD RICHLAND! HUGE UPDATED KITCHEN! IN WASECA! ATTACHED 2 CAR GARAGE! LOWER LEVEL WALK-OUT! NEW WOOD FLOORS! GAS FIREPLACE & MORE! 3 BEDROOMS, 2.5 BATHS! MLS #4057728

MLS #4053799

Home Financing News!

Benefits Designed with Union Families in Mind!

Who is Eligible?

VISUAL TOUR #3441023

$119,500

STARTING OUT? DOWNSIZING? THIS HOME WILL MAKE LIFE EASIER! STEEL SIDING! VINYL WINDOWS! 2 CAR GARAGE! NEWER FURNACE, AC & MORE! MLS #4057249

• Active and Retired Union Members of Participating Unions • Parents and Children of those Active or Retired Union Members

Call Me for Details! 507-363-9368

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REAL ESTATE GUIDE

Friday, December 26, 2014

Connie Knutson Cell: 507-213-6120 connieknutson@msn.com 122 N. Cedar, Owatonna 507.451.7488 ERAGillespie.com Broker Associate

CRS, GRI, ERS, ABR

VISUAL TOUR #3472960

$64,900

GREAT STARTER HOME!

• Affordable & financeable • 3 bedrooms, 1 bath • Living room with open staircase • Vinyl siding • Wooded lot MLS #4058103

$92,600

GREAT STARTER HOME!

• Sold via AUCTION • Go to auction.com • 3 bedrooms, 1 bath • Needs work • Located near Clear Lake Park on quiet street MLS #4058094

NEW LISTING

VISUAL TOUR #3433159

$129,900

RANCH READY FOR A NEW OWNER!

• 3 bedrooms, 2 baths • All appliances stay • Large deck • Close to schools MLS #4056978

VISUAL TOUR #3426513

$154,900

GEM ON THE SE SIDE!

• Almost like new ranch style home!

• 4 bedrooms, 2 full baths • New windows, kitchen & decor • Lower level family room with fireplace • Deck and patio MLS #4056796

VISUAL TOUR #3483638

$138,500

MOVE-IN READY!

• 3 bedrooms, 2 baths • Jetted tub • Nice kitchen with center island • Main floor laundry • Large two car garage, deck MLS #4058410

VISUAL TOUR #3468589

$159,900

LIKE NEW WITHOUT THE PRICE!

• 4 bedrooms, 2 baths • Many, many updates!

• Lower level family room & bedroom with 2 large closets • Nice neighborhood, mature trees • Patio & fire pit MLS #4057992

VISUAL TOUR #3420700

$119,900

NEAT & CLEAN AS A WHISTLE!

• Large, open living & dining room with built-ins • Hardwood floors throughout • Kitchen with lots of cupboards • Lower level family room & bath • Nice, extra-large backyard!

MLS #4056487

VISUAL TOUR #3433150

$144,900

GREAT BACKYARD!

• 4 bedroom, 2 bath split • Lower level family room with fireplace • Semi-private backyard with deck • Wooded lot, storage shed • Oversized double attached garage MLS #4056985

VISUAL TOUR #3392747

$189,999

EQUAL HOUSING

OPPORTUNITY

VISUAL TOUR #3470195

$129,900

GREAT VALUE!

• 3 bedrooms, 2 baths • Nice location near schools & I-35 • All appliances included • Lower level family room • Large yard MLS #4058026

VISUAL TOUR #3461439

$149,900

NO SNOW TO SHOVEL HERE!

• 2 bedroom, 2 bath townhome • Sunroom with north facing windows • Open floor plan • Living room with fireplace • All appliances stay!

MLS #4057811

NEW PRICE

VISUAL TOUR #3078955

$199,900

PRIVATE SETTING - 3 ACRES! LOVELY COUNTRY SETTING • 3 bedrooms, 3 baths VERY CLOSE TO TOWN! • 3 season porch, main floor laundry • Triple stall garage & single stall garage • Large storage shed • Nice location, paved road MLS #4055519

• 3 wooded acres • 3 bedrooms, 2 baths, 2+ garage • 3 season porch & deck • Walk-out lower level with family room • 54x30 pole shed with mezzanine MLS #4052893