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  • Beware: Tips for mortgage rate shopping

    Mortgage Rates On The Internet Minneapolis, MN: Buying or refinancing a home is typically the largest financial transaction of your life. Shopping for the best interest rate just makes sense, but as with so many other things, caveat emptor, or latin[...]

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    June is National Homeownership Month

    June is National Homeownership Month Minneapolis, MN:  We all need a place to live. While renting works for many people, especially short-term, homeownership has a well documented history of major benefits, proving why throughout history so many [...]

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    Buy with cash, get a loan afterwards

    Buy with cash, get a loan afterwards Cambria Mortgage Delayed Financing Program. Buy a home with cash, refinance later. Minneapolis, MN:  In this crazy real estate market, maybe people are resorting to buying a home with cash to be the most [...]

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    5 things you should do to get ready to buy a home

    Minneapolis, Minn: Buying a new home is an exciting prospect. Make sure you don’t hit any potential bumps along way by following our tips below. Examine Your Finances Obviously purchasing a home is a large financial decision. Taking a look at [...]

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    What are the RefiNow and Refi Possible programs

    Minneapolis, MN: The Fannie Mae RefiNow™ and the Freddie Mac Refi Possible ℠ programs are a an new affordable refinancing option from Fannie Mae and Freddie Mac aimed at making it easier and less expensive for qualifying [...]

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    How to Cope: Home buyer heartbreak

    How to Cope: Home buyer heartbreak Minneapolis, MN: If you’re out and about in today’s housing market, when we reference “home buying heartbreak” you likely know exactly what we are talking about. Navigating today’s housing market is [...]

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    Mortgage rates rising. Should you wait for lower rates?

    Minneapolis / St Paul, MN: Mortgage interest rates have always been a roller-coaster ride. Ups and downs, and twists and turns. With the pandemic induced interest rate lows of 2020 and 2021 now a thing of the past, the return to a more normal [...]

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    Do you know what to look for when choosing a lender?

    Do you know what to look for when choosing a mortgage lender? You have most likely noticed ads for mortgage companies on the radio, TV and even at the gas pump. There are surely enough options to choose from, but how do you know if a lender is [...]

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    Surviving through Unsuccessful Offers

    Minneapolis, MN:  It is no secret that buying a house in today's market can be a challenge with the low inventory of homes for sale, and having to make multiple offers before successfully buying a home. Falling in love with a home, and then [...]

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    Smartest Mortgage Move? The 15-year Mortgage

    Minneapolis, MN:  “I own my home free and clear!“. How great would it be to say that? No payments when you retire. No payments while you are also paying for college. Putting money into your 401k vs paying it to the bank.  Look [...]

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    2022 Conforming Mortgage Loan Limits Increase 18%

    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 [...]

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    The truth about mortgage closing guarantees

    The Truth about 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 [...]

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    Free guides to home financing

    Minneapolis, MN:  Let's face it, home financing can feel overwhelming. Especially to a first time home buyer.  We've created two different home financing guidelines to give you a little more comfort about the process. Both are great [...]

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    Last 10-years of mortgage rates.

    Historical mortgage rate trends Over 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 [...]

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    Top Mistake When Mortgage Shopping

    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 [...]

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    Joe Metzler, named 2021 Super Mortgage Professional

    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 [...]

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    Self employed? You may need a non-traditional mortgage solution

    For many people, being their own boss and owning their own business has been the ultimate employment goal. According to government data from the second quarter of 2021, more Americans than ever are leaving their jobs to chase their dreams of [...]

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    Navigating home buyer fatigue

    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 [...]

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    3 Reasons People Mistakenly Don't Refinance When they Should

    Minneapolis, MN: Mortgage interest rates have been amazingly low the past 6 months, and according to a major data firm,  over 18 million people could benefit from a mortgage refinance, and cut an average of $304 a month off their current mortgage [...]

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    Cambria Mortgage, The Joe Metzler Team Receives 2021 Best of Saint Paul Award

    Press Release FOR IMMEDIATE RELEASE Cambria Mortgage, The Joe Metzler Team Receives 2021 Best of Saint Paul Award Saint Paul Award Program Honors the Achievement SAINT PAUL August 18, 2021 -- Cambria Mortgage, The Joe Metzler Team has been [...]

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    No closing cost mortgage. Should I get one?

    Minneapolis, MN: We all know closing costs can be pretty expensive when getting a home mortgage loan.  You may have also seen advertisements for no closing costs, and no lender fee loans, and wondered how it all works. Read more, as I shed the [...]

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    Should you refinance your mortgage?

    Should You Refinance Your Mortgage? You've been a happy homeowner for awhile now. Just like making the big decision to buy a home, it may be time for another big decision: should you refinance your mortgage? Refinancing your mortgage sounds [...]

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    How much do I need for down payment

    How much do I need for down payment when buying a home is a super common question, especially for first time home buyers. Unfortunately, there is no quick answer, as it varies based on many factors including loan type, property type, and [...]

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    Want to sell, but don't know how to navigate buying?

    Minneapolis, MN: It's a unique environment in real estate right now. Limited inventory of homes for sell means you'll get top dollar selling your home, but there is plenty of fear about finding and buying your new home. Next, with so much [...]

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    Introducing The New Cambria Mortgage Mobile App

    ST PAUL, Minn., April 28, 2021 — Hometown mortgage lender Cambria Mortgage is pleased to announce the launch of the Cambria Mortgage Mobile App. With the introduction of this new secure and encrypted technology, borrowers can apply for a home [...]

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    5 Hacks to House Hunt Like a Pro

    Home Shopping Tips in a Sellers Market Hands down, house hunting tends to be one of the most exciting parts of the home buying process. However, being unprepared can really take away from the experience. To ensure you have the best home [...]

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    Cash out refinancing can help

    Cash is king, and it always has been. 👑 Unfortunately, it’s not always easy to come up with a little extra for projects and goals. But here's a secret: A home mortgage can help you get the cash you need. It’s called a Cash-Out [...]

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    Beware of Quick Refinance Closings

    Mortgage interest rates are hovering near historic lows. Your phone, email, and mailbox are full of offers from lenders nationwide all promising great rates. You may have even accidentally responded to some ad promising rates so good, even good [...]

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    Spring is in the air

    Spring is in the air. Do you know what else is in the air? Talk of low interest rates. If you haven’t caught wind that interest rates are historically low consider yourself an anomaly. Mortgage interest rates have continued to hover near all time [...]

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    How to save on closing costs

    When buying a home, you have two major costs, down payment and closing costs.  Everyone understands down payment, but closing costs confuse many people, and they can be pretty expensive. So what are closing costs? Closing costs are the fees for [...]

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    Your Loan Officer Matters

    Minneapolis, MN: People spend weeks and months looking for that perfect home, but more often than not, make the mistake of use whatever Loan Officer answers the phone without question.  Why? On the largest financial transaction of your life, [...]

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    Do Pre-Approval Letters Really Mean Anything?

    Do Pre-Approval Letters Really Mean Anything? Minneapolis, MN: When buying a home, everyone will tell you that you need a Pre-Approval Letter, and pretty much no sellers will look at your offer without a Pre-Approval Letter being attached to your [...]

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    Questions to Ask When Buying a Home

    Minneapolis, MN:  Your gotten Pre-approved for your Mortgage Loan, met with a Real Estate Agent, searched far and wide, and fallen in love with your dream house. For most people, the house choice is a lot about emotions.  So take a step back [...]

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    Refinancing with current lender is usually a mistake

    Thinking of refinancing?  Been contacted by your current lender? Your current lender sounds like a logical choice to refinance. Many people believe that "because they know you" that somehow the current lender can refinance you quicker, cheaper, [...]

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    2021 Housing Forecast

    What can we say about 2020 that hasn’t already been said on the late night shows, twitter and in every meme on the internet? To say the world is looking forward to 2021 is the ultimate understatement. While 2020 was a solid year in the housing [...]

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    Conforming loan limit increased for 2021

    Conforming Loan Limit Increases to $548,250 Minneapolis, MN: Fannie Mae and Freddie Mac have just announced an increase in the conforming loan limit for 2021 to $548,250. Up from the current limit of $510,450.   Conforming loans mean your [...]

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    Virus and lockdowns keeping mortgage rates low

    Minneapolis, MN: The economic recovery is in jeopardy due to the lack of consumer spending caused by corona virus lockdowns, lack of travel, fear, lack of getting together with family, closing of stores, losing of jobs, etc. This couldn't come at a[...]

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    3 reasons people stubbornly refuse to refinance

    Minneapolis, MN: Mortgage interest rates have been amazingly low the past 6 months, and according to a major data firm,  over 18 million people could benefit from a mortgage refinance, and cut an average of $304 a month off their current mortgage [...]

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    3 Tips when Buying your First Rental Property

    Thinking of buying your first rental property?  Looking back historically, most wealth in this country has been obtained though real estate, so there is plenty of good reason for you to buy real estate too. There are many considerations when [...]

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    Deferred student loans and mortgage debt-to-income ratio's

    A common question people applying for home mortgage loans is how does their deferred student loan effect mortgage qualifying First understand that while a student loan may be deferred, lender reasoning is that eventually you will have to start [...]

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    Mortgage rates return to record low for week ending 10/15/2020

    Mortgage rates return to record low The benchmark 30-year fixed rate mortgage averaged 2.81% percent with an average 0.6 points / origination for the week ending October 15, 2020, down from last week when it averaged 2.87%, according to the weekly [...]

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    Are there no closing cost refinance loans?

    The term "no closing costs refinance loans" is a bit of a misnomer. There is no such thing as a no closing cost loan. All loans have closing costs, but you have options on how to pay them. The vast majority of people doing a mortgage refinance [...]

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    Gift for down payment on 2nd home / Vacation home

    Buying a second home is something many of us dream about.  From  the ocean front condo to the lake home. Financing that dream is rather simple to understand for most people, that being that you simply need at least 10% for down payment, and can [...]

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    Proper use of forbearance

    We get it, these are challenging time, and with reduction in hours, and job loss, making your house payment can be a challenge. As part of the CARE ACT, the government has forced lenders to offer forbearance to anyone who asks WITHOUT requiring [...]

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    COVID19 and mortgage forbearance

    First, I hope this finds you and your family well. 2020 will go down as one of the craziest times... EVER. Virus, social distancing, no school, job loss, and new ways that we have to conduct everyday life. In my world of mortgages, we are also [...]

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    COVID19 and Cleaning your cell phone

    Face it, our phones are in our hands constantly. Study after study shows they are pretty dirty. COVID19 and cleaning your cell phone has become a heavily research term... On your cell phone! COVID-19 studies have shown the virus could potentially [...]

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    No, mortgage interest rates are not zero

    Minneapolis, MN: The news is screaming FED LOWERED INTEREST RATES TO ZERO in response to the COVID-19 virus outbreak. That sounds great, but it is extremely important that consumers read and understand that THE FED DID NOT JUST CUT YOUR MORTGAGE [...]

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    Thinking of refinancing? Here is what you need to know.

    Minneapolis / St Paul, MN:  The economy is doing great, and mortgage interest rates are at, or hovering just slightly above all time lows, which has many people thinking of refinancing. Most, but not everyone has a great interest rate, but do you[...]

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    Refinancing with your current lender is usually a mistake

    Refinancing with Your Current Lender is Usually a Mistake Minneapolis, MN: Shopping for a home loan is confusing. No matter what we're looking for -- from cars to refrigerators' -- there's a built-in element of confusion. Why? Lack of [...]

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    Test your credit knowledge

    Test your credit knowledge - Can you answer these questions correctly about your credit? Play the True of False Game - The Credit Edition. Pick a category and see how well you do. Categories include: Mortgage late payments, what's the [...]

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    2020 Real Estate and Interest Rate Predictions

    Minneapolis, MN: It looks like 2019 will go down in the record books as one of the best years for stocks in the past decade, yet mortgage rates still remained low (which isn't how it usually goes). What's in store for 2020 then? Well, we can only [...]

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    Cambria Mortgage Home to Five Super Mortgage Professionals

    ST PAUL, Mn., — The 2019 list of “Super Mortgage Professionals” was recently released and published in the November issues of Mpls. St. Paul Magazine and Twin Cities Business Magazine. Cambria Mortgage is pleased to announce the following [...]

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    Fed cuts rates, but NOT fixed mortgage rates

    Yesterday, the Federal Reserve cut it's benchmark interest rate by 0.25%, making the third cut in 2019. This cut only effects the short-term rate it controls, which influences many loans, but does not directly effect most loans. For instance, [...]

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    Refinancing Makes Sense For Over 7 Million Homeowners

    Minneapolis, MN: With average home prices continuing to rise ABOVE the 2007 pre-crash average home value, and with 30-year fixed interest rates ending the week of October 10, 2019 at just 3.57% with 0.6% in points according to the weekly Freddie Mac [...]

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    Feds lower rates

    Feds just lowered rates for the first time in over a decade. What does this mean for you? The lowest interest rates for mortgage borrowers in years. Apply online right here or call (651) 552-3681 now and save big! Now is the best time in [...]

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    Fed cuts rate, now what for mortgages?

    Now I know what you are probably thinking, the Fed lowered rates today, so the mortgage rate quote I got last week will be 0.25% better, right?Well, not so fast. The Fed has absolutely nothing directly to do with long-term fixed rates. The Fed [...]

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    Bi-Weekly Mortgage Payments

    Bi-Weekly Payment Programs help you Save Thousands of Dollars in Interest. For years now, American home buyers have typically been making the standard 30-year, 360 equal monthly payment mortgage. Some are even opting for 40 year, 480 payment loan [...]

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    VA Jumbo loans now no down payment required

    Minneapolis, MN: A new bill was signed into law last week by President Trump eliminating a long held requirement that VA jumbo mortgages loans needed a small down payment.  This was in stark contrast to the very popular current VA loans of under [...]

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    MN First Time Buyer Programs

    Cambria Mortgage and I are committed to nurturing dreams of prosperity, by supporting individuals and families in their goal of achieving homeownership. We offer a variety of mortgage options, including conventional and government products, as[...]

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    Are mortgage rates really under 4%

    Are mortgage rates really under 4% today for a 30-year fixed?  Well, yes and no. There is more to mortgage rates than meets the eye. Rates were mixed today, with some lenders holding steady while others offered mid-day improvements in [...]

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    Get a Second Opinion

    You Are Entitled To A Second Opinion, Even If You Have Already Been Pre-Approved For Your Mortgage!   Imagine you have just went to the Doctor in Minneapolis, or the Mayo Clinic in Rochester and found out that you have to have surgery on [...]

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    The Credit Score Inquiry Myth Revealed

    The Credit Score Inquiry Myth One of the most complicated aspects of the FICO credit scoring system is how inquiries impact your scores. This is easily on the “Top 5” list of the most misrepresented facts about FICO scores. So, in the [...]

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    No down payment, low down payment, and down payment assistance programs in MN, WI, and SD

    No down payment, low down payment, and down payment assistance programs in MN, WI, and SD It is the dream of everyone to own their own home. Many potential home buyers have the income and credit to qualify for a mortgage. However, many of them lack [...]

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    Protecting yourself against predatory lenders, mortgage scams, bait-n-switch scams, mortgage fraud, and Loan Officers screw-ups can be a challenged. Most people are gullible, especially for inexperienced shoppers who don't know what to watch for, the[...]

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    Buying Foreclosures and Short Sales

    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 go [...]

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    Long Term Interest Rate Locks

    When initially getting a mortgage loan, you have an important decision to make about interest rates.   You need to decide if you want to either float or lock your interest rate.  Float means your rate is NOT guaranteed, and subject to [...]

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    First and foremost, expect to have your loan handled by experienced, knowledgeable, and dedicated loan professionals. We offer multiple ways to start the application process. Online 24-hours a day, over the phone, or in person. You pick the option [...]

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    What is APR

    APR basically takes the base interest rates, calculates closing costs, and mortgage insurance if applicable, and gives you a new interest rate, known as the effective rate. Technically, the lower the number, the better the deal. If two lender quote [...]

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    Truth About Interest Rates

    Understanding how mortgage interest rates work, and why you probably won't get the interest rate you see online or elsewhere is probably one of the most confusing aspects of any mortgage loan. While you see interest rates online, or in printed [...]

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    Mortgages in Retirement

    Minneapolis, MN: Retirement can be scary if you are worried about money. Survey's show a major reason for not being able to retire is still having a mortgage payment. We see two primary attitudes towards retiring with or without a mortgage. The[...]

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    VA Loan FAQ

    How do I apply for a VA Home Loan? You can apply for a VA home loan at any mortgage company that participates in the VA home loan program.  For example, if you are buying a home in Minnesota, Wisconsin, or South Dakota, you can call us at (651) [...]

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    MN First Time Homebuyer Classes

    Minneapolis / St Paul, MN: Buying your first home can be a fun exciting time. It can also be stressful, especially as there is a lot of misinformation spread from well intended friends, family, and even Real Estate Agents. When it comes to first time[...]

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    The first step to successfully getting a mortgage loan is to provide the lender a complete application, then to supply your supporting documentation. Providing complete and accurate information will permit us to process the loan with greater [...]

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    Bank, Broker, or Mortgage Company

    Getting a Mortgage from a Banker, Broker, or Direct Lender? All are "Lenders" with "Loan Officers" So who is BEST? When you're looking to get a mortgage loan, you will of course deal with a Loan officer, but where they work, and their background can [...]

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