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Mortgage and Lending - Cambria Mortgage, The Joe Metzler Team - NMLS 274132
Minnesota Real Estate and Mortgage Industry News and Information
RECENT BLOG POSTS
  BUYING A SHORT SALE OR FORECLOSURE St Paul, MN: Our market is flooded with properties that are in some stage of the foreclosure process. While these properties can be a fantastic deal, there are many special details that must be considered. Here is a short over view. Call me anytime, and I'll ...
04/16/2010
  This is a "Re-Blog". I am not the author, but we agree. The new "Good Faith Estimate" is a bad document. - Joe Metzler, MLO, MMS, UMB (www.MetzlerMortgage.com) Mortgages Unlimited, Mn Mortgages. Joe Metzler Team. MN WI Best Rate Low Cost Home Loans Guaranteed Rate Costs Good Faith Estimate Wisc...
02/24/2010
Dakota County First Time Home Buyer Loan ProgramsWhether you are buying an existing home or building a new one - a Dakota County First Time Home buyer Loan may help you make homeownership a reality. Homebuyers accessing a First Time Homebuyer Loan may qualify for a below market interest rate may ...
02/21/2010
We get a lot of questions about debt-to-income ratios these days.  Here are the underwriting guidelines for the various types of loans:  Conventional (non-government) loans: If the loan is underwritten manually (by a person), the debt-to-income ratio (DTI) is 36%.  If the borrower has strong comp...
02/06/2010
Choosing your mortgage loan with "APR" CAN COST YOU MONEY St Paul, MN: "A borrower shopping for the best mortgage rate can easily be seduced by low rate offers that are accompanied by low annual percentage rates (APR)" says Joe Metzler, a Certified Minnesota Mortgage Specialist with Mortgages Un...
02/06/2010
Delivering Value Added Home Loan Solutions in Minnesota Since 1991 651-552-3681   During the Christmas and New Year's Holiday I got a chance to catch up with a lot of my old friends and family and of course we got to talking about the mortgage and lending industry!  Yes, believe it or not, this ...
02/06/2010
HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERSMeasure to help bring stability to home values and accelerate sale of vacant properties FHA DROPS 90 DAY WAITING PERIOD FOR FINANCING FLIPPED PROPERTIES  WASHINGTON - In an effort to stabilize home values and improve conditio...
02/06/2010
  PRE-APPROVAL LETTERS - Can you get or even give one in today's market? There is a lot of confusion with Lenders, Loan Officers, Home Owners, and Realtors in regards to the sweeping new Good Faith Estimate rules and how they apply to the industry. A LITTLE PRE-APPROVAL LETTER HISTORYYears ago, t...
02/06/2010
BIG FHA CHANGES ANNOUNCED Today, FHA Commissioner David Stevens held a press conference to announce continued, fundamental procedural and future legislative program changes.  Prior to formally responding to hundreds of comments received regarding the proposed changes in net worth requirements an...
02/06/2010
The FHA mortgagee letter described below provides guidance to lenders and underwriters regarding borrower eligibility when a previously owned property was sold for less than what was owed (short sale), or there is principal write down of indebtedness that cannot be refinanced into a new mortgage...
02/04/2010
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Joe Metzler

Sr Loan Officer
smartphone(651) 705-6261
local_phone(651) 552-3681
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Mortgages Unlimited. The Joe Metzler Group