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

ARCHIVED BLOG POSTS

2013 

Tips for buying Fixed-Upper Homes In the market today, many homes are in need of a little tender loving care. Buying one of these properties can be a great deal, while the next one could be a money pit. The following are some tips to make sure the fixer-upper you are looking at is a great opportu...
10/31/2013
There is some great news in real estate... The FHFA (Federal Housing Finance Agency) reported that home prices posted a 19th consecutive monthly gain in August.  On a year-over-year basis, the August report was up 8.5 percent. This means average nationwide home prices are now equal to what they w...
10/24/2013
Now that Fannie Mae is ending 3% down program. Are there other low down payment options besides FHA? The good news is YES! Once Fannie closes their 97% LTV door many state Housing Finance Agencies will still continue to offer 97% programs, and it’s still a much better option for many buyers than ...
10/22/2013
Minneapolis, MN: As many are aware, mortgage interest rates jumped up about 1% back in May 2013 from their historic lows. Those holding out for even lower rates at the time, those who thought they wouldn't qualify, or those simply not paying attention to the market lost out on a great opportunity...
10/21/2013
The mortgage industry is constantly changing. Keeping up with the rules, even for a 20+ year experienced Mortgage Loan Officer like myself is very difficult. The following is a quick breakdown of recent changes for both potential home buyer or real Estate Agents to know: FHA Loans with Collection...
10/20/2013
It happens...  You've found your dream home.  You've made an offer, and you are comfortable with the price. Your lender orders an appraisal, and when it is received... the appraised value comes in below, sometimes well below your offer and the sellers asking price. HOW DOES THIS HAPPEN?  There ar...
10/08/2013
Minneapolis, MN: Seems like every week I get a new client, who has been working with another lender, and suddenly, their mortgage application was denied very close to closing.  A common statement they make is, how can that be, I was Pre-Approved?" THE APPROVAL PROCESS So are you really approved? ...
10/03/2013
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Joseph Metzler

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