Bryce Mead's (bmead) Blog

Mortgage and Lending - A Division of Alerus
Want to save some money? Create a little extra room in your budget? Here is my list of 10 things that you should pay attention to and try to limit! •1.      Coffee- Spending 2-5 dollars on a cup of coffee is really going to add up. Especially for the people who go everyday or even twice a day. If...
3 Easy Ways to Pay off Your Mortgage Faster! Does the idea of having you mortgage for 30 years and paying thousands and thousands of dollars in interest sound fun?? Of course not! That's why I am going to show you 3 easy ways to get rid of your mortgage faster and save you thousands of dollars! 1...
The Home Affordable Refinance Program (HARP) has been extended again. It is now going through June 2012. This program offers qualified homeowners the chance to refinance their homes even if they owe more than the present value of their home. This program is a great way for certain homeowners to t...
Thursday's bond market has opened relative flat despite the release of some key economic data. The stock markets initially opened in negative ground but have since recovered most of those losses. The Dow is currently down 15 points while the Nasdaq is up 4 points. The bond market is down 1/32, bu...
I just wanted to share some good information I read on National Mortgage News's Website by Bonnie Sonnick. "All average mortgage rates tracked by Freddie Mac in its weekly primary market survey continued to drop, setting record lows for the year." That is never bad to hear! Have a great Wednesday...
What Not to Do When Going Through the Mortgage Process, Regarding Credit.   During this time period you need to make sure not to do anything that could hurt your credit score. When you buy a new home it is very tempting to go out and buy new furniture, appliances, decorations, etc. Don't! Making ...
Tuesday's bond market has opened down slightly due mostly to early stock gains. The major stock indexes are in positive ground with the Dow up 44 points and the Nasdaq up 16 points. The bond market is currently down 2/32, which will likely push this morning's mortgage rates slightly higher.There ...
FHA Mortgage Insurance... Why Do I Need That?  When it comes to first time home buyers something I hear a lot is..... What is Mortgage Insurance and why do I need it. The answer is very simple. It is there to protect lenders against losses that could occur if you were to default. This is not home...
Home Path property buyers can receive 3.5% in closing costs assistance! The HomePath property buyer must meet the following qualifications to be eligible: Buyers and/or selling agents (the agent representing the buyer) must request the incentive upon submission of initial offer in order to be eli...
USDA Rural Housing Mortgage Program This program was created for low income families looking to buy a home in a rural area. There are three main benefits in this program: •·        No Down Payment Required •·        No Private Mortgage Insurance Required •·        Low Interest Rates Those three b...

Bryce Mead

Mortgage Officer. RMG. 952.417.8481
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