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

Can you use new alimony or child support to buy a home?Minneapolis, MN:  Unfortunately, that dream relationship and marriage doesn't always work out, with statistics showing around 41% of first marriages ending in divorce.With the divorce, it is common that one or both parties need to purchase a ...

How Much Mortgage Payment You Can Afford?Minneapolis, MN: Whether you're a first-time homebuyer or looking to upgrade to a larger home, understanding how much mortgage you can afford is crucial.Here at Cambria Mortgage, we help you navigate through this process with some key steps:Prepare An Hone...

Are Buyers Getting Used to Higher Mortgage Rates?Minneapolis, MN: Higher interest rates have been around for more than two-years now. They have reshaped the real estate landscape, and limiting market growth potential right alongside soaring home prices.This dual challenge has made affordability a...

Insurance Companies making getting a mortgage harderMinneapolis, MN: “The growing crisis in the insurance industry may make it hard to get a mortgage in parts of the country in the coming decades”, Federal reserve Chairman Jerome Powel correctly stated recently.The insurance industry, beaten up h...

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...