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

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Mortgage and Lending - Mortgages Unlimited, Inc - NMLS 274132
Mortgage industry news and insights from a 15+ year industry expert. Mortgage and Real Estate News You Can Use
Minneapolis, MN:  Mortgage interest rates are great, and a lot of people are again running back to their lender to take advantage of these near historic interest rates. Shopping for a home loan is confusing. Rates, closing costs, no cost loans, and more...  But the less we know, the more we can e...
So you want to buy a home, and have student loan debt?  A frequent news item is the level of student loan debt outstanding, and the press claiming that student loan debt is preventing young adults from purchasing homes. Clearly debt can be a hinderance to many things, including buying a home.  Ye...
FHA will cut its mortgage insurance premiums to 0.85 percent, a 0.5 percentage point reduction (down from 1.35%)   President Obama was expected to make the announcement on Thursday in a scheduled speech on the housing market, but the White House made it official following initial media reports.  ...
How to pay PMI. Minneapolis, MN:  When buying a home and getting a mortgage, if you don't put at least a 20% down payment, you are going to have to deal with something known as PMI, or private mortgage insurance.  For government loans, like FHA loans or USDA rural Development loans, it is simple ...
  Why get a VA Loan?    It's simple ... Lower Interest Rates - Lower Payments - ZERO Down Payment. The country appreciates your service. This is one way we pay you back. Take advantage of your VA benefits - we can help. BUYING A HOME WITH A VA HOME LOAN VA Home Loans are Zero Down Payment Loans A...
USDA eligible areas being updated for 2015. The very popular no down payment home loan for rural areas of the country is changing slightly for 2015. A new "USDA Announcement (posted 12-22-14) indicates President Barack Obama signed the Consolidated and Further Continuing Appropriations Act of 201...
Minneapolis, MN:  Fannie Mae and Freddie Mac have recently announced they are bringing back 3% down payment options.  Currently, most conventional conforming loans require a minimum down payment of 5%, while FHA Loans still allows for just a 3.50% down payment. FHA VS CONFORMING CONVENTIONAL Loan...
Is it 1984 already Mr. Orwell?  Lenders are now recording loan applications!! Let's face it, it today's over regulated world, with the courts allowing every silly lawsuit to move forward, it  isn't a giant surprise that a small number of mortgage companies are starting to either video or audio re...
Mortgages rates in the US continue to hover near all time lows. But this doesn't mean they will continue to stay low. Deflation is continuing to spread because of oil prices. These deflationary concerns are the focus of today's Fed meeting, as it debates when to begin increasing interest rates. T...
Mortgages Unlimited’s Loan Officer Joe Metzler, out of their St. Paul, MN Office, was awarded 2014 Minnesota Mortgage Association’s Loan Officer of the Year.He was presented with the award at the MMA Annual Holiday Event on December 9th, 2014.This is a huge accomplishment for Joe, as there are ov...

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