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

How to Pick the Best Mortgage LenderMinneapolis, MN: How to pick the best mortgage company is a very common question.  So how do you?  Below find some tips and thoughts to help point you in the right direction, and how to avoid some mortgage lender picking mistakes.Loan ProgramsFor most people wi...

Cash Out Refinance is King in 2022Nothing lasts forever… Including tremendously low interest rates. Even if it is just slightly, interest rates in 2022  are expected to rise. Over the past few years though, home values have appreciated at an incredible pace. For the refinance sector, these factor...

Minneapolis, MN: Real Estate Agents are more likely to be credited as local neighborhood experts, while a mortgage Loan Officer is not, and the lender at the 1-800 phone number is OK to use.In fact, it is almost always never in your best interest to use a lender who isn't relatively local.Just li...

The Federal Housing Finance Agency (FHFA), who oversee both Fannie Mae ™ and Freddie Mac ™ has officially announced the new conforming mortgage loan limits for 2022. Homebuyers will now be able to get a conventional mortgage to purchase a one-unit home for up to $647,200 in the states we lend of ...

Mortgage Closing Guarantees – Fact or Fiction - Don’t be fooled. Minneapolis, MN:  We are starting to see them pop up everywhere, mortgage companies,  mortgage brokers, and lenders, making these great sounding mortgage closing guarantees, where they make claims of paying $500, $5,000, or ever $10...

Historical mortgage rate trendsOver the years, mortgage rates have reached shocking highs, and amazing lows. From the high of 18 percent in the early 1980s, to current rates around 3.00%.  Here is a summary of the average 30-year fixed mortgage rate for the last 10-years: 2021 YTD Year 30-year fi...

Minneapolis, MN:  Smart people know to shop at least a few mortgage lenders when buying or refinance a home. The typical search these days is done on the internet via your favorite search engine.You are quickly bombarded with results like Best Mortgage Lender, Top Mortgage Lenders, 10 Best Mortga...

Increase your sales with special investor financing.  Our popular "common sense" approach to no documentation investor loans are designed specifically for investors wanting to buy more properties, but who may have trouble with standard financing due to write-offs on their tax returns.  Basic qual...

The members of the 2021 list of Super Mortgage Professionals™ have been identified and have been published in the November issues of Minneapolis. St. Paul Magazine and Twin Cities Business Magazine. Cambria Mortgage is pleased to announce that eight Loan Officers made the list and are among the ...

Minneapolis, MN: Navigating today’s housing market is anything but simple. Buyers are seeing multiple offers to compete with on nearly every home, contract terms that heavily favor the seller and it’s rare to see a home go for less than list. This market requires buyers to be quick on their feet ...