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
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 ...
Minneapolis, MN: Dream of buying a multi-family home, like a duplex, living on one side, and renting out the other?It's a pretty common thought, and something I personally did in my early years. It was great. The rented side paid about 95% of my monthly mortgage payment. Meaning I was building eq...
Fannie Mae to give $2500 to homebuyersDo YOU Qualify for the Free Money?March 6, 2024Minneapolis, MN: Fannie Mae®, who buys completed loans from lenders, has announced an addition to it’s popular HomeReady ® program, where eligible low-income homebuyers may qualify for a credit toward their down ...
What is MBS speculative pricing and why it is hurting mortgage rates?Minneapolis, MN:  MBS speculative pricing  (Mortgage Backed Securities) is one big reason that mortgage interest rates today are pretty good IF you are willing to pay a few discount point, but much higher if you are not.Mortgage...
What is a Mortgage Recast?Minneapolis, MN: Here in Minnesota where I am based, when you hear 'recast', you might think about casting a line for a big walleye, but actually, a mortgage recast is a little know tool that can allow you to potentially get a lower monthly mortgage payment without the n...
Who is buying homes in today's market?Minneapolis, MN:  One thing we know about real estate.  It's forever changing, and always local.  Here are a few notable items from a recent survey from the National Association of REALTORS®At the moment, we are seeing two very distinct buyers.   Buyers with ...
Understanding Pre-Qualify vs Pre-Approval vs Final Loan ApprovalMinneapolis / St Paul, MN: In the mortgage lending world, lot's of terms get thrown around, a lot of time causing confusion.YOUR VERY FIRST STEP in the home buying process is getting approved for financing, so here we will explain th...
Did the Bank say No?Are you an independent contractor, or even a Real Estate Agent who is paid with a 1099, and has has trouble getting a mortgage loan? We have the solution for your problem.We can potentially approve you for your home loan with just your 1099 income and NO TAX RETURN needed.Qual...
Make Christmas memories... In your new home! It's not too late if you start NOW. Visit JoeMetzler.com/apply   Interested in buying a home, or finding out what you qualify to purchase?  We make it easy.  Just call our loan experts at (651) 552-3681, or visit  JoeMetzler.com/apply to start a no co...
What is your home worth?Minneapolis, MN:  Everyone wonders what their home is worth, especially if you are thinking of selling the home in the near future. So what is your home worth, and how do you figure out it's value?If you are thinking of selling soon, reaching out to a Real Estate Agent to ...

Joe Metzler

Sr Loan Officer
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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.