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The Truth About Interest Rates: While you see interest rates online, or in printed material such as newspapers, you must understand all lenders have the same basic interest rates and hard costs. No one lender is able to be significantly better than anyone else. It is all about the advertising, and the rate and costs combinations. It is our belief that posting rates is basically unfair to the average customer. Rates listed here are a basic indication of where the market is at, as opposed to what you may actually receive, because:

1. Quoting rates without understanding the customers exact situation, or having a full application is VERY misleading. Many things effect your actual rate. Loan-to-value, credit scores, state the property is in, closing costs, and much more.
2. We are in a world economy and interest rate fluctuations occur around the clock. Interest rates are changing ever second of the day and unless you communicate with a loan officer and get information at that moment in time, you could be making a poor decision. Most lenders, as well as us, change their pricing throughout the day. It is near impossible to always keep a web site 100% current.
3. Quoting interest rates when you can’t lock (after hours), or when you haven't filled out a full application, therefore not being in an actual position TO lock, is not in your best interest.
4. If you are buying, and do not have a house picked out, many lenders knowing quote low to get your business and stop you from shopping because then do not have to honor what they quote today!
5. Most automated online rates quotes are low ball bait and switch quotes which you will never actually receive.

                                    Interest Rate Assumptions

Why can rates on this web site be different from those with other company Loan Officers or branch office? Rates on this site are discounted due to the streamlined process we have for online approvals. If you need to talk to a loan officer about a loan at one of our other lending offices, the rates quoted may be different. This usually is because they have already professionally analyzed your complete application, and these rates may not apply to your exact situation.

Rates listed and quoted on this site are only available to those individuals who apply and are approved for a mortgage loan through a Metzler Team at Mortgages Unlimited, Inc web site or by calling (651) 552-3681.

Remember, no lender is able to quote 100% accurate rates until they have a full application, have reviewed credit, etc. Rates posted here are an indication of where the market is generally at, as opposed to what you may actually receive.

Quoted Interest Rate Assumptions: The rates posted here assume the following:  APR calculations based on a loan amount of $200,000. Single family home purchase transaction in MN or WI, with 1% loan origination, 30-day lock period, and borrower pays all normal closing costs. For Conforming loans, at least 20% down, and a middle credit score over 740. For FHA loans, a minimum of 3.50% down, and a middle credit score over 680. Refinance transactions, cash-out, multi-unit properties, and lower credit scores may have higher rates. Call for a personal quote.

In order to receive a guaranteed rate, you must have applied for an application through the Metzler Team at Mortgages Unlimited and received a WRITTEN confirmation from a loan officer that your desired rate is locked. Your guaranteed mortgage rate will depend on factors such as current market conditions, loan product, occupancy, property type and your credit profile. Minnesota residents must receive a written confirmation as required by Minnesota Statute 47.206.

This is not an advertisement for credit as defined by paragraph 226.24 of regulation Z. Rates, points and programs are subject to change without notice and cannot be guaranteed.

Equal Housing Lender	Policies, Procedures, Disclaimers	33 Wentworth Ave E - Suite 290 West Saint Paul, MN 55118	(651) 552-3681
Our services available only for properties located in Minnesota and Wisconsin. PLEASE DO NOT KEEP US A SECRET from your FRIENDS. Licensed as Mortgages Unlimited, Inc. As a Lenders One partner, we are part of the 3rd Largest Retail Mortgage Originators in the country. We are consistently ranked as one of the top lenders in Minnesota by Minneapolis St. Paul Business Journal. Any use or duplication of any materials is  strictly prohibited.  All images, text, and materials Copyright © 1998-2008. Metzler Enterprises, LLC. All Rights Reserved.