Ely MN Real Estate Resources

This page will provide you with links to real estate information and resources to help guide you through the process of selling and buying a house, business or other property. Some of the information available is external to our website. Bear Island has included these sites because we believe they provide information and/or services that the buyer or seller of real estate property will find useful. However, since these sites are not under our control, we cannot attest to the accuracy of information provided by them. Linking to these websites does not constitute an endorsement by Bear Island Land Company or any of its employees of the sponsors of these site or any products or services presented on them.

Bank Financing Resources
Following are resources to help you locate financing for your real estate purchase, know your rights concerning mortgages, and help you determine what property best fits your financial position.

Boundary Waters Bank
Local Ely, MN bank.

Cancellation of Private Mortgage Insurance
Information provided by the Federal Trade Commission on The Homeowners Protection Act of 1998, which establishes rules for automatic termination and borrower cancellation of private mortgage insurance on home mortgages.

FAQ's About Escrow Accounts
Frequently asked questions about RESPA and escrow accounts in general, including detailed instructions on how to estimate the amount of money you may be required to put into your own escrow account.

Fixed Rate or Adjustable Rate Mortgage?
An article provided by IndyMac Bank Home Lending that explains the differences between fixed rate and adjustable mortgages and how to determine which one is best for you.

High-Rate, High-Fee Loans (HOEPA/Section 32 Mortgages)
Explains The Home Ownership and Equity Protection Act of 1994, what loans are covered, what disclosures are required, and what practices are prohibited.

Loan Calculator
Figures your monthly payment, shows the impact of extra payments and creates an amortization table.

Looking for the Best Mortgage
A copy of the Federal Trade Commission booklet that is filled with helpful information and forms designed to guide you through the process of choosing the mortgage that's right for you.

Mortgage Payment Table
A mortgage payment table that will allow you to estimate your monthly principal and interest payments for any fixed interest rate mortgage.

Mortgage Qualification Calculator
This calculator determines your monthly payment, monthly housing expenses and bills, and three ratios the bank looks at when determining whether or not you qualify for a mortgage.

Northview Bank of Finlayson
Northern Minnesota bank specializing in mortgages for vacation property.

Queen City Federal Bank
Local Ely, MN bank with a branch in Virginia, MN.

RESPA - Real Estate Settlement Procedures Act
The Real Estate Settlement Procedures Act (RESPA) is a consumer protection statute, first passed in 1974. This article presents information provided by the Office of RESPA and Interstate Land Sales concerning the Act and its enforcement.

Types of Mortgages
A table that presents a list of the most common types of mortgages, their characteristics, and who is most likely to benefit from the particular type of mortgage.

Buyer Resources
Following is a list of resources that will make you a better-informed buyer and help you through the buying process.

100 Questions and Answers About Buying a New Home
This great guide focuses on finances--from how much home you can afford, to various mortgage loan programs, insurance, taxes, and more. From the Department of Housing and Urban Development.

Buying a Home
U.S. Department of Housing and Urban Development's HUD Internet Website.

Fannie Mae
The Federal National Mortgage Association site has a section for professional mortgage lenders and several sections for home buyers, including the home buyer section, with lists of properties for sale and other information and the Home Path section, with articles about home buying and financing, including interactive mortgage calculators. A link is provided to the Fannie Mae Foundation, which offers home buyer information in seven languages, provides special information for immigrants and has an English as a second language curriculum available.

Guide to Single-Family Home Mortgage Insurance
Explains FHA mortgage insurance programs, including types available, how to qualify, how to apply, restrictions, and more.

Home Inspection Services
Tom Gobats and his Eveleth business, National Property Inspections, will provide you with a thorough unbiased, detailed, confidential and professional inspection of your property, whether that is your home or a commercial building

Home Buyer's and Seller's Guide to Radon
The United States Environmental Protection Agency publication that answers important questions about radon and lung cancer risk. It also answers questions about testing and fixing for anyone buying or selling a home.

Home Buyer's Handbook
A handbook for buyers developed by the State of Minnesota Attorney General's Office.

The Home Energy Saver
The Home Energy Saver is designed to help consumers identify the best ways to save energy in their homes, and find the resources to make the savings happen. The Home Energy Saver was the first Internet-based tool for calculating energy use in residential buildings. The project is sponsored by the U.S. Department of Energy (DOE), as part of the national ENERGY STAR Program for improving energy efficiency in homes, with previous support from the U.S. Environmental Protection Agency (EPA), and the California Energy Commission's Public Interest Energy Research (PIER) program.

How to Buy a Home With a Low Down Payment
Describes how to qualify for a low down payment mortgage, determine what you can afford, and how mortgage insurance works. Developed by Mortgage Insurance Companies of America in cooperation with the Extension Service of the U.S. Department of Agriculture.

HUD Home Buying Guide
Step-by-step instructions for finding and financing a HUD home. Includes charts to help you estimate mortgage payments.

Real Estate Buyer's Articles
A list of links to articles that can offer help when you're looking to purchase a house or other real estate.

Seller Resources
Following is a list of resources that will make you a better-informed seller and help you through the selling process.

Miscellaneous Resources
Following is a list of miscellaneous resources you may find helpful.

Dictionary of Terms
An dictionary of common real estate and mortgage terms.

Minnesota Arrowhead Multiple Listing Service
A separate branch of the Duluth Association of Realtors, to which we now belong. This MLS consists of 15 northeastern Minnesota Real Estate firms.

Moving Articles
A list of links to articles that can offer help when you've bought a new home and are faced with having to pack up and move.

Real Estate Brokers and Sales Agents - Career Information
U.S. Department of Labor Bureau of Labor Statistics Occupational Outlook Handbook for Real Estate Brokers and Sales Agents.

State of Minnesota Property Law
Want to know what law in Minnesota applies to different aspects of property? Then look no further. Here you'll find links to all Minnesota statutes concerning property.

Ely, MN and BWCA Resources
Following is links to resources available in the Ely, MN area and the BWCAW (Boundary Waters Canoe Area Wilderness). Some we have broken down by season - summer, fall, and winter, to show you what makes Ely so great during the year and how to take advantage of what Ely has to offer. Others are useful links to services and attractions available year-round.

Barb Dimich
Author of the acclaimed Apostle Islands trilogy, Barb Dimich once took 911 calls about real-life tragedies for the Minneapolis Police Department. Now she translates her experience into fiction.

Boundary Waters Journal
A new standard of excellence in outdoor periodicals. Uniquely designed to inspire greater understanding, appreciation, and stewardship of America's most popular wilderness area.

Boundary Waters get-a-way cabins for rent
Looking for a remote cabin that allows you to get away from it all? Then look no further. We have the perfect rental cabin. Located in northern Minesota near the famed BWCA, Wolf Point cabin is remote enough to provide sanctuary from the hurried pace of modern life. No roads. No electricity. No Traffic. No Telephones. Just the joy of relaxation amid the sounds of nature.

Dog Sled Trips/Yurt Rental
Run Silent Dog Sled Trips in Ely, Minnesota.
Pulled by a team of dogs, enjoy the breathtaking beauty of the Boundary Waters Canoe Area Wilderness across pristine lakes and wooded trails.
Day Trips, Overnight Yurt Trips, Camping Trips, and Fishing Trips. Combine your dogsled experience with a night or two in a unique tent-like structure called a Yurt. Enjoy this quiet, remote Yurt setting summer or winter.

Dog Sled Trips
Chilly Dogs Sled Dog Trips offers introductory dog sled rides, partial and full-day trips, and overnight camping trips into the BWCAW and surrounding areas. Enjoy the stunning beauty of the wilderness by quiet passage on winter trails through stands of pine, cedar, and birch, crossing frozen lakes and rivers on a sled pulled by a team of hearty, happy, and friendly Alaskan huskies. A great experience for all ages. Come, travel at the speed of Dog!

CADline Design, Inc.
Provides computer generated drafting and detail solutions to industrial and commercial companies as well as private individuals.

DNR Lake Finder
Contains data for more than 4,500 lakes and rivers throughout Minnesota, including: lake surveys, lake depth maps, lake water quality data and lake water clarity data (from the Pollution Control Agency), satellite-based water clarity information (from the University of Minnesota), lake notes, and fish consumption advice (from the Department of Health).

Ely Chamber of Commerce

Ely Volunteer Fire Department

Ely MN Area Fall Activities and Attractions
Activities and attractions in the Ely and surrounding area that can be enjoyed in the fall.

Ely MN Area Local Activities and Attractions
Activities and attractions in the Ely and surrounding area.

Ely MN Area Winter Activities and Attractions
Activities and attractions in the Ely and surrounding area that can be enjoyed in the winter.

Ely MN Census 2000 Data
Census 2000 data that is currently available for the city of Ely.

Ely MN School System
The Ely Memorial High School web site.

Ely MN Resort - Fenske Lake Cabins
Quaint 1 - 2 bedroom housekeeping cabins with true Northwoods charm located right on the waters edge and surrounded by woods, wildlife and nature. Spend your days fishing Fenske Lake or plan day trips into canoe only lakes inside or outside the bwcaw. End your day with an authentic lakeside sauna and campfire. Come relax with us!

Hearthside Corner
Committed to providing the best quality hearth products available on today’s market.

Moose Track Adventures
A family-oriented resort and wilderness outiftter into the BWCA & Quetico. They offer a variety of guided BWCA Wilderness canoe trips, fishing trips, and eco-tourism trips along with complete and partial outfitting.

Independent Music from Independent Bands and Independent Musicians at Music Outfitters
They specialize in independent music from independent bands and independent musicians - not only those from Ely and the Iron Range of Minnesota, but those from across the country and the world.

St. Louis County
Web site of St. Louis County, MN, the home of 200,500 people scattered throughout in small mining towns, farm communities, and in busy cities which serve as regional hubs. Ely is located in St. Louis County.

Lake County
Lake County is located in the Arrowhead Region of Northeastern Minnesota covering 2,062 miles, with a population of 11,058 people. Within the boundaries are four state parks, a National Forest, and the BWCAW.

O'Connor Consulting
A full-service computer consulting firm located in in Ely, MN, offering networking, web, integration and support services in northern Minnesota. With over 17 years of experience providing information technology services, products and support, O'Connor Consulting offers stability, integrity and knowledge. Check out the computer help and resources section of their web site.