Minnesota Mortgage Blog - Mortgage and Real Estate News You Can Use

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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 / St Paul, MN:  The economy is doing great, and mortgage interest rates are at, or hovering just slightly above all time lows, which has many people thinking of refinancing.Most, but not everyone has a great interest rate, but do you know how your current loan compares to today's mark...
Get a Real Mortgage Rate Checkup!Minneapolis, MN: Homeowners everywhere are constantly wondering how their existing mortgage interest rate compares to today's market rate, or what a new payment on a new home might look like compared to their existing mortgage payment.So the typical go to method t...
Self-Employed and looking for a mortgage? It can be challenging to get a home loan when you are self employed, primarily due to the inability to properly show enough income to qualify.   Did you know, that is a self-employed person, there are alternatives to traditional income options, including...
Minneapolis, MN: If you are in the process of, or about to be buying a home, there are many DO NOT DO items that can unintentionally turn your mortgage loan pre-approval unto a loan denial. Some may make sense, like don't quit your job during the process, but the number of people who actually do ...
Have you seen the advertising by one of the big credit bureau's on how you can boost your credit score. Sounds great, but it appears it isn't going to help anyone get a mortgage loan as much as you might think.Experian recently create an offer where you can self-report tradelines, such as utilize...
 Why should I be pre-approved for a mortgage loan?Minneapolis, MN: In recent years, mortgage guidelines were tightened. Documentation requirements have been expanded and followed more closely. A pre-approval gets you through the initial process and uncovers any potential pitfalls long before you ...
Minneapolis, MN: Lenders don't work for free. Lenders get paid for doing loan, with the standard historic number having always been 1% of the loan amount, known as a loan origination fee. Until recently, that was just how it went. You paid loan origination fee as part of your closing costs, right...
If you are active or retired U.S. Military, Thank You for your service!Veterans Day 2019 will be observed Monday November 11th. This official holiday is observed to give honor to those persons who served in the United States Armed Forces. Memorial Day on the other hand is celebrated in the spring...
Should you keep renting, or become a first time home buyer?We all know throwing money away making the landlord rich isn't a good long-term plan, buying your first home can be scary, and you may not know where to turn, or how to make it happen.Should you continue to rent or buy a home is a decisio...
Minneapolis, MN: With average home prices continuing to rise ABOVE the 2007 pre-crash average home value, and with 30-year fixed interest rates ending the week of October 10, 2019 at just 3.57% with 0.6% in points according to the weekly Freddie Mac mortgage rate survey, the combination has says ...

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.