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Learn how down payment influences mortgage terms and interest rates When purchasing a home, your down payment play a significant role in determining the terms and interest rates of a mortgage. Simply put, bigger is better, but here are some key [...]
Understanding a 1031 Exchange Investing in real estate can be a highly profitable business, until you go to sell, then the tax man feels he can take a big chunk of your profits. Luckily for investors, Congress put rules in place over 100-years [...]
FHA Announces Updates to its 203(k) Rehabilitation Mortgage Program The Federal Housing Administration (FHA) has announced updates and improvements to it's 203(k) rehab mortgage which are intended to reduce barriers to using the program. The[...]
New FHA Gift Guidelines When Buying A Home FHA is updating guidelines to more mirror Fannie Mae and Freddie Mac guidelines when a home buyer is getting a gift to help purchase a home. If you are getting a gift, here is what you need to prove[...]
Homeownership: A Mortgage Loan Officer’s Guide for First-Time Buyers Are you considering taking the leap from renting to owning your own home? As mortgage professionals, we understand that the journey to homeownership can seem [...]
Online Mortgage Calculator vs Licensed Loan Officer Online mortgage calculators are a convenient tool for getting a quick estimate of potential monthly payments and interest costs when considering a home loan. They allow users to input various [...]
Should you pay off collections on your credit report?
Fannie Mae to give $2500 to homebuyers Do YOU Qualify for the Free Money? Minneapolis, MN: Fannie Mae, who buys completed loans from lenders, has announced an addition to it's popular HomeReady program, where eligible low-income homebuyers[...]
What is MBS speculative pricing and why it is hurting mortgage rates? Minneapolis, MN: MBS speculative pricing (mortgage backed securities) is one big reason that mortgage interest rates today are pretty good IF you are willing to pay[...]
New $35k Minnesota Down Payment Assistance Program. First Generation Home Buyer Assistance Program St Paul, MN: The Minnesota Housing Finance Agency has recently announced a NEW down payment and closing cost assistance program coming soon [...]
What is a Mortgage Recast? Minneapolis, MN: Here in Minnesota where I am based, when you hear 'recast', you might think about casting a line for a big walleye, but actually, a mortgage recast is a little know tool that can allow you to potentially [...]
More presents under the tree! Encouraging inflation and jobs data has helped push average 30-yr mortgage rates down to near 7%. In addition, the inventory of homes for sale has continued to rise. Improving affordability AND availability? What a nice[...]
Who is buying homes in today's market? Minneapolis, MN: One thing we know about real estate. It's forever changing, and always local. Here are a few notable items from a recent survey from the National Association of REALTORS® At the [...]
Minneapolis, MN: We get it. Today's mortgage interest rates are bouncing around rates not seen for 20-years, causing many people to pause their home purchase plans. Who can blame you. But, is waiting costing you more money in the [...]
Minneapolis, MN: Everyone wonders what their home is worth, especially if you are thinking of selling the home in the near future. So what is your home worth, and how do you figure out it's value? If you are thinking of selling soon, reaching [...]
If you’re like many renters, you rent because you think you can’t afford a home. Maybe you don’t have down payment money or you think you simply won’t qualify for a loan. To make matters worse, you feel trapped within the [...]
There has been many predictions of a decline in home values because of higher mortgage interest rates, but it simply hasn't happened. Matter of fact. Home values just keep rising. For all you home buying and selling fence sitters, a bit of good news [...]
For the 4th time in 9 months, average 30-yr mortgage rates have moved near or above 7%. This despite: major progress on taming inflation, and the Fed 'skipping' a rate hike after 10 straight hikes of 500 bps in total. The bond market is behaving [...]
Minneapolis, MN: If you are in the housing market right now, you know it may be a challenge both finding a home, AND winning a successful offer. Here are 5 home buying tips to winning a bidding war. 1. Get Fully Lender Pre-Approved! Being a [...]
Homeownership has many benefits. According to multiple sources, here are the top 5 advantages of homeownership: Financial stability: In terms of both lifestyle and monetary stability, buying a home provides a new sense of reliability to [...]
1% down mortgages? Beware the small print. Minneapolis, MN: Like everything that sounds to too good to be true, be careful of what they don’t tell you! A big internet lender just announced their new 1% down home loan program. The program [...]
Minneapolis, MN: Should you keep renting, or is it time to buy? That is a question may people are asking right now. You have to live somewhere, and that somewhere almost always should be your own home, plus the benefits of homeownership generally [...]
Minneapolis, MN: When buying a home that has a well or septic system, additional consideration are necessary in relation to the current conditions of the water well and the waste water septic system. Needless to say, it is rather important that[...]
Minneapolis, MN: Buying a home for your parents of other family members who otherwise couldn't afford one is probably a bit more common than people think. While it is awesome that you are doing it, there are [...]
Minneapolis, MN: Congratulations on wanting to buy a home. Unless you have cash, you are going to need financing. If you need financing, you are going to speak to a Mortgage Loan Officer. Not all Loan Officers are created equal. Assuming [...]
St Paul, MN: YES, it is possible! Learn how to buy a home in Minnesota with as little as $1000. Information on a Minnesota first time home buyer program using down payment assistance, and how use can use these programs to purchase your [...]
If you are thinking about buying a home, this video is for you. Mortgage 101 - A 30 minute Home Buyer Seminar explaining the home buying process by Cambria Mortgage, the Joe Metzler team. Great for first time home buyers. Everything you need to know[...]
2023 Spring Real Estate Market Is Different from the Past Few Years. Here’s What You Need to Know March 19, 2023 - Joe Metzler It may not feel or look like spring in many areas yet, but as of Monday March 20th, it’s here! So does that mean [...]
Minneapolis, MN: The Federal Housing Administration (FHA) just announced a 30 basis point reduction to the Annual Mortgage Insurance Premiums (annual MIP) it charges borrowers for FHA-insured Single Family mortgages. They further said this reduction [...]
Best of St Paul Award for Mortgages, 4 years in a row Cambria Mortgage, The Joe Metzler Team has been selected four years in a row for the Best of Saint Paul Awards for Mortgages and now qualifies for the 2023 Saint Paul Business Hall of Fame. [...]
According to a recent survey, a full 61% of Americans think that mortgage interest rates rates are "unprecedented." The thing is, mortgage rates aren’t actually the highest they’ve ever been; not even close, and it isn't too far a look back to[...]
Minneapolis, MN: We all have credit scores, but do you know what your credit score tells creditors? It tells us your credit risk, and likelihood of the money not being paid back. Of course a high credit score is no guarantee of being paid back,[...]
Think Twice Before Holding Out For Lower Mortgage Rates Minneapolis, MN: Inflation is hitting everyone every way we turn. The Federal Reserve early in 2022 starting taking steps to attempt to slow down the pace of inflation. Their main tool is to [...]
Minneapolis, MN: Wow, what a ride the past three years have been. From super low mortgage interest rates, crazy one day way over asking price multiple offers, to 40-year high inflation, highest mortgage rates in decades, and a bludgeoned [...]
There could be savings on the table for you, Allison, and I don't want you to miss it! The Federal Housing Finance Agency (FHFA) has just increased the amount of money that can be borrowed through a standard home loan to more than $726K. In some [...]
Looking to buy a home in today's market, and not liking the current interest rates? Can't blame you, but it is still a good time to buy a house, as today's rates still make it cheaper to own than overpaying did during the housing bidding wars [...]
Minneapolis, MN: Is it still a good time to buy a house? YES. While the real estate market changed dramatically in 2020 in response to COVID, & has changed dramatically again in 2022 in response to inflation Here we see Senior Loan Officer Joe [...]
FED increases Fed Funds Rate rate another 75 basis points. Trying to fight inflation, the Federal Reserve raised the overnight money rate another 75 basis points. What does this mean for your long-term mortgage? Minneapolis, MN: It was no secret [...]
Minneapolis, MN: They say if you live long enough, you see everything come back around, and that is very true for the 2-1 buydown mortgage loan option that has magically reappeared on the market the past few months. Simply put, a 2-1 buydown is a [...]
CONGRATULATION JOE! Cambria Mortgage is pleased to announce that Joe Metzler, of our St Paul Office has made the list for the 5th year straight, making him among the top 2 percent of mortgage professionals in the Twin Cities market: The members [...]
Minneapolis, MN: Inflation is the enemy of mortgage interest rates (and just about everything else too). As mortgage rates are up, should I buy a house is a question I am getting daily. The answer is yes, and here are a few reasons why: HOME [...]
Minneapolis, MN: The market has changed very dramatically the past few months as mortgage interest rates took a big jump, slowing down buyers and removing a lot of the crazy multiple offers being made. As homes are taking a while longer to sell, some[...]
If you didn’t find your new home this summer and you have kids starting school, don’t fret! There are many others in the same position as you are; you wanted to find a home this summer, but that didn’t happen and now you’re concerned [...]
If you have questions about what is happening in the mortgage world right now, you are not alone. Between increased mortgage interest rates, shifting inventory and leveling home prices many consumers have questions about what this all means. Don’t [...]
Buying vs Renting Still Makes Sense Minneapolis, MN: Yes. home prices are rising. Yes, mortgage interest rates are rising. But rental costs are rising too. So while it’s true that today's home buyers might have to lower their purchase [...]
Ideas to Make Back-to-School a Breeze Minneapolis, MN: The 2022 countdown to the end of the school year is always exciting; and then before you know it, summer break is here and just as quickly as it came, it is gone. With September just a few weeks[...]
Minneapolis, MN: When you are thinking of buying a home, one of the biggest considerations is the down payment. So how much do you need for a down payment to buy a house? Let's investigate your options so you know exactly what you will need. [...]
Minneapolis, MN: Mortgage interest rates are always changing. With inflation currently at a 40-year high, the FED is aggressively raising the cost of borrowing money to try to flow down inflation. The benchmark 30-year fixed mortgage rate peaked [...]
Minneapolis, MN: When buying a home, unless you have cash, you are going to need financing! As a consumer, you have the right to pick whatever lender you decide is best for you. You will likely also receive all sorts of lender suggestions from [...]
Life is better at the lake! That is why Cambria Mortgage is so proud to offer our Minnesota, Wisconsin, Iowa, North Dakota, and South Dakota clients awesome financing for buying a second home or vacation property! We all know life is better at [...]
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[...]
June is National Homeownership Month Published on: May 19, 2022 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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Mortgage rates rising. Should you wait for lower rates? Published on: Mar 28, 2022 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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Top Mortgage Loan Search Failures 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 [...]
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 [...]
Non-Traditional Mortgage Solutions for the Self-Employed 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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Talk of low interest rates fills the spring air. Published on: Feb 24, 2021 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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
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, [...]
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 [...]
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 standard conventional loans that lenders do that [...]
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[...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Thinking of refinancing? Here is what you need to know. Published on: Feb 13, 2020 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 [...]
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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Equal Housing Lender. The Joe Metzler Team at Cambria Mortgage lends in Minnesota, Wisconsin, Iowa, North Dakota, South Dakota, Colorado, and Florida only. This is not an offer to lend or to extend credit, nor is this a guaranty of loan approval or commitment to lend. Information here can become out of date, and may no longer be accurate. Products and interest rates are subject to change at any time due to changing market conditions. Not all programs available in all states. Actual rates available to you may vary based upon a number of factors. Consumers must independently verify the accuracy and currency of available mortgage programs. All loan approvals are subject to the borrower(s) satisfying all underwriting guidelines and loan approval conditions and providing an acceptable property, appraisal and title report. Joe Metzler, NMLS 274132, Cambria Mortgage NMLS 322798. © 1998 - 2024.
