va streamline refinance: CFPB goes after VA Refinance lenders - 12/23/16 11:58 AM
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 transactions.
VA loan refinancing has two great option, the most popular one known as a VA Streamline Refinance, or IRRRL Refinance (Interest Rate Reduction Refinance Loan). The streamline refinance, just as the name implies, is easier, requires less documentation, and generally also does not require an appraisal.
Due to the ease of the loan, and the ability for mortgage companies to … (1 comments)

va streamline refinance: VA Loans for US Military personal - 01/05/16 09:45 PM
Are US Military? Active or retired?Finance your home with a VA home LoanAdvantages for Military Homebuyers
The VA Loan has many advantages that make it one of the most appealing paths to homeownership — and this great benefit is reserved exclusively to those who bravely served our country and select military spouses.
When combined, the benefits of the VA mortgage allow service members and Veterans to take advantage of substantial cost savings under qualification requirements designed specifically for members of the military and their unique needs.
No Down Payment
The VA Home Mortgage is one of the only home loans available today with … (1 comments)

va streamline refinance: Mortgage Refinancing Mistakes - 01/21/15 04:28 AM
Minneapolis, MN:  Mortgage interest rates are great, and a lot of people are again running back to their lender to take advantage of these near historic interest rates.
Shopping for a home loan is confusing. Rates, closing costs, no cost loans, and more...  But the less we know, the more we can expect to pay for it.  There are plenty of crafty lenders who depend on your lack of knowledge.  If you are thinking of refinancing, here are three major mistakes we see many homeowners make:
Refinance Mistakes
Mistake #1: Refinancing with your current mortgage company. It seems logical. They already … (0 comments)

va streamline refinance: Refinance with no appraisal needed - 06/03/13 05:23 AM
Minneapolis, MN: As mortgage interest rates fell to all-time lows earlier this year, even underwater homeowners were able to take advantage of refinancing through mortgage programs that do not require a property appraisal.
No appraisal refinances make the refinance process easier than ever, especially for those homeowners that own more than their home is worth.
Some of the most popular no-appraisal refinance programs include the FHA streamline refinance and the HARP (Home Affordable Refinance Program). Other no-appraisal refinance programs include the VA streamline or VA Interest Rate Reduction Refinance Loan and the USDA streamline refinance.
While many home values are on … (2 comments)

va streamline refinance: VA Home Loans In MN and WI - 02/20/13 09:57 PM
Minneapolis, MN: VA Home Loans In MN and WI are probably the coolest mortgage loan lenders offer. It is available both while serving our country and after they are discharged.
Upon a veterans return,  hey usually are looking to re-establish themselves the the communities that they will be returning to. This means that many of them will be looking to purchase a home that they can settle in and raise their families.  A VA Mortgage can assist our Veterans in making that transition.
VA Mortgages provide our Veterans with two major advantages that other Mortgage programs do not have. 
VA … (0 comments)

va streamline refinance: VA Mortgage Loan Program Changes - 08/19/12 10:04 PM
VA Mortgage Loan Program Changes Since World War II, The VA home loan program has helped over 18 million veterans receive government-backed mortgages.  Recently the President signed into law some modifications to the VA home loan program.  This new bill will benefit disabled service members, single-parent soldiers and military widows. The new changes include:
Surviving  spouses of Veterans
Before the change, the only way military widows could participate in the VA no-down-payment program is if their spouse had a service-related disability or died in the line of duty.  As a result of the change, a widow may get a VA loans  if the veteran … (0 comments)

va streamline refinance: How to deal with an underwater home - 08/13/12 10:57 PM
Nearly 11 million Homeowners are Underwater, which means they owe more on their mortgage than their property is worth. Below are some of your options for dealing with an underwater mortgage.
Wait It Out:  If you are just depressed at the thought of owing more than it is worth today, but really don’t have any intentions of moving. Stop worrying about it. You have to live somewhere. Although short sales and foreclosures have brought down values, the housing market is slowly recovering, especially here in the Minneapolis, St Paul metro area. If you are able to continue to make payments – do it. … (2 comments)

va streamline refinance: VA Streamline Refinance Program in MN, WI, and SD - 07/18/12 10:58 PM
VA STREAMLINE REFINANCE
An "Interest Rate Reduction Refinance Loan" (IRRRL) or VA Streamline Refinance allows Veterans to refinance their current mortgage interest rate to a lower rate than they are currently paying. This program is only available to veterans who are refinancing their original VA mortgage in which they utilized their original eligibility. 
VA Streamline Loan Guidelines:
There is no cash out on an IRRRL loan The VA charges a 1/2 percent funding fee to guarantee the IRRRL Loan The VA loan being refinanced must be current and have a perfect pay history for the last 12 months No assumptions are allows Second mortgages can … (1 comments)

va streamline refinance: Start saving money now on your VA Home Loan - 06/09/12 11:51 PM
Mortgage Rates are at Historic Lows. Start saving money now on your VA Home Loan! Minneapolis, MN: If you are a veteran, you are eligible for a great benefit, the VA Home Loan. If you currently have a VA Home Loan, you may qualify for another great benefit, the VA Streamline Refinance Loan.
Officially known as The Interest Rate Reduction Refinance Loan (IRRRL), it is one of the easiest refinance loans available today.  The VA Streamline Refinance is the second best programs offered to you through your housing benefits from the Veterans Affairs (the first was buying the home with a VA Home Loan!)
Potential NO … (0 comments)

va streamline refinance: VA Streamline Refinance Loan - 05/04/12 11:21 PM
VA Streamline Refinance
Minneapolis, MN:  Everyone is talking about the HARP 2.0 (Home Affordable Refinance Program) loan.  But what is you have a VA loan?
A VA Streamline Refinance is similar to the FHA Streamline Refinance. It is officially known as a IRRRL loan (interest rate reduction refinance loan) because of the money you can save by lowering your monthly interest rates. It was created by the VA in an effort help our veterans secure the lowest interest rate possible. This VA loan process is done quickly, with minimal hassle so our veterans can save immediately.
Veterans who have served active … (2 comments)

 
Joe Metzler, Sr Loan Officer (Cambria Mortgage)

Joe Metzler

Sr Loan Officer

Saint Paul, MN

More about me…

Cambria Mortgage

Address: 33 Wentworth Ave E #290, Saint Paul, MN, 55118

Mobile: (651) 705-6261

Office: (651) 552-3681

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.


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