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

5 Common Mortgage Myths DebunkedMinneapolis, MN: Buying a home might seem confusing, but don’t let these myths hold you back from finding your dream home!1) Myth: You need a 20% down payment. Fact: Loan programs start with zero for VA loans, or USDA loans, Many regular loans offer options as low ...

Santa gets all the praise for delivering presents. You get all the debt! A cash out refinance or a home equity line of credit (HELOC) from Cambria Mortgage could be just what you need to provide some relief. Apply today, and let's put the Santa's bill away.JoeMetzler.com/apply or (651) 552-3681. ...

First Time Home Buyer - Save on your mortgage the first two-years!Minneapolis, MN: A great tool most homebuyers have never heard of is known as a 2/1 buydown. Start your loan with a 2% lower rate the first year, 1% lower the next year, and then the normal rate for the remainder of the loan with a...

Contrary to Popular Belief, Experience Matters Minneapolis, MN: Contrary to popular belief, I can tell you that getting a home loan approved and closed IS CHALLENGING in today's market, and low level application clerks at the big banks and large internet lenders fall very short. Even what appear...

Learn how down payment influences mortgage terms and interest ratesWhen purchasing a home, your down payment play a significant role in determining the terms and interest rates of a mortgage. Simply put, bigger is better, but here are some key ways they influence these factors:1. Interest RatesLo...

Investing in real estate can be a highly profitable business, until you go to sell, then the tax man feels he can take a big chunk of your profits. Luckily for investors, Congress put rules in place over 100-years ago designed to defer your capital gain taxes, potentially indefinitely.A 1031 Exch...

FHA announces 203k rehab loan improvementsThe Federal Housing Administration (FHA) has announced updates and improvements to it’s 203(k) rehab mortgage which are intended to reduce barriers to using the program.The FHA 203(k) rehab loan allows people to both buy a home, AND get the money needed t...

Divorce and Your Home. Understanding the OptionsDeciding on what to do when you have a shared home and are getting divorced can be challenging and varies greatly depending on each couple’s unique situation.We have created a handy brochure you can easily print and share with people in this situati...

What are mortgage closing costs?When buying a home, everyone pretty much get's the concept of down payment. But first time home buyers are typically shocked to learn about something known as closing costs.So Exactly What Are Closing Costs?These are additional costs required for the many services ...

Looking to qualify for a home with little income, but a lot of assets? Our Non-QM Asset Utilization home mortgage loan is on a draw schedule of just 60 months! Simply take your assets, divide by 60, and that is your qualifying monthly income! There are no reserves required and you can combine it ...