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Mortgage and Lending - Cambria Mortgage - NMLS 274132
Mortgage industry news and insights from a 15+ year industry expert. Mortgage and Real Estate News You Can Use
Minneapolis, MN:  Just 10-years ago, 30-year fixed rates were 6.125%, and the real estate market was hot. With rising interest rates, 2017 may be a bit more challenging for home buyers. But the biggest challenge for most people who wish to buy a home is down payment.You do not need 20% down payme...
Minneapolis, MN: The Consumer Financial Protection Bureau (CFPB) has been receiving a large number of complaints about misleading advertising for VA refinance loans.The Bureau reviewed about 1,800 of these complaints received since record keeping started in 2012, all of them about refinance trans...
Average Credit Scores Up for Mortgage LoansMinneapolis, MN:  The quality of the average home buyer continued to climb in 2016, making for the highert quality of home loans since 2001. Getting better in three categories; credit score, debt ratio, and equity position.The average credit score in 3rd...
The Fed has finally hiked rates. Now what?The Federal reserve hiked the Fed Funds rate yesterday for only the second time in 10-years by 0.25%. The last hike was last December, which was also 0.25%.The hike was well anticipated, and by itself didn't cause any real issues. But what was a big conce...
Minneapolis, MN:  A sharp spike in mortgage rates since the Presidential election is showing minor signs of hurting home sales.Mortgage interest rates have jumped from around 3.625% for the weeks leading up to the election, and now are averaging about 4.125% for the best clients on a standard 30-...
Just 3% DOWN PAYMENT MORTGAGES for First Time Home Buyers. Minneapolis, MN: Lack of down payment money is the biggest hurdle for most first time home buyers.  We eliminate that hurdle here at Mortgages Unlimited for low and moderate income buyers in MN, WI, and SD with the HomeReady Mortgage from...
How long does credit repair take?Minneapolis, MN:  As a mortgage loan officer, how long does credit repair take is a question I receive multiple times a week. The fast answer is that it depends.No two credit profiles are the same, therefore for one person, it can be pretty quick, while the next p...
FIRST TIME HOME BUYER PROGRAMS in MNLet us help you pick the best mortgage loan from our many options Our first time home buyer programs are designed to assist those buying a home for the first time. Our loan specialist will walk you through the entire home buying process to insure that you never...
WHAT IS YOUR INTEREST RATE is a question I hear everyday, right along with "WHAT ARE YOUR CLOSING COSTS? But it's NOT about rate or cost, it's about the best deal for you. So why does every homebuyer focus on rate? Because they have been socially conditioned to do so by: Every commercial Every fr...
What is a Lender Credit on my mortgage estimate?Minneapolis, MN:  Face it, when buying a home, getting a mortgage loan and understanding all the fees and closing costs can sometimes feel a bit overwhelming.Many of the items are pretty easy and straight-forward to understand; an appraisal for exam...

Joe Metzler

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Mortgage industry news and insights from a 15+ year industry expert. Mortgage are Real Estate News You Can Use. Joe is a Certified Minnesota Mortgage Specialist, who provides home mortgage loans not only in the Minneapolis, St Paul area, but all of Minnesota and Wisconsin.