Mortgage and Real Estate Blog

head_left_image

Get a real mortgage rate checkup

Get a Real Mortgage Rate Checkup!

Minneapolis, MN: Homeowners everywhere are constantly wondering how their existing mortgage interest rate compares to today's market rate, or what a new payment on a new home might look like compared to their existing mortgage payment.

So the typical go to method these days is to run to the internet to see rates. Unfortunately, many of the rates you see at either based on a "perfect" situation that may not apply to you, come loaded with discount points you don't want to pay, are offering reduced closing costs that increase your interest rate, or very sadly, they are just straight up fake rates even God couldn't qualify for.

Free Online Quotes 

We, like many other lenders offer annonymous free online quotes.  For many people, this is an OK place to start, but the old computer statement of garbage in, garbage out applies..

Mortgage Rate Quote

So how do you get an accurate mortgage rate quote?

Get off the internet, pick up the phone, and contact a local lender in your own backyard. Give that person as much information as you are comfortable with so they can accurately assess your situation, along with your wants, needs, and goals to make sure you are not only getting the best deal for you, but an accurate quote on that deal.

Rates Change

Finally, also remember that mortgage interest rates change, potentially daily, based on market changes, and that the only rate quote that matters is the one you get on the day you lock the loan.

----------------

Equal Housing Lender. NMLS 274132, 322798. Cambria Mortgage lends in the following states: MN, WI, SD, ND, IA, FL, TX, CO, This is not an offer to lend or to extend credit, nor is this a guaranty of loan approval or commitment to lend. The information here may not be up-to-date and may no longer be accurate. Products and interest rates are subject to change at any time due to changing market conditions. 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. (C) 1998 - 2020, Joe Metzler

Comment balloon 0 commentsJoseph Metzler • February 06 2020 04:22PM
Get a real mortgage rate checkup
share
Get a Real Mortgage Rate Checkup! Minneapolis, MN: Homeowners everywhere are constantly wondering how their existing mortgage interest rate compares to today's market rate, or what a new payment on a new home might look like compared to their… more
Do NOT Do List When Buying A Home
share
Minneapolis, MN: If you are in the process of, or about to be buying a home, there are many DO NOT DO items that can unintentionally turn your mortgage loan pre-approval unto a loan denial. Some may make sense, like don't quit your job during the… more
Boosted Credit Scores WON"T Help for a Mortgage
share
Have you seen the advertising by one of the big credit bureau's on how you can boost your credit score Sounds great, but it appears it isn't going to help anyone get a mortgage loan. Experian recently create an offer where you can self-report… more
The Pre-Approval Advantage
share
Why should I be pre-approved for a mortgage loan? Minneapolis, MN: In recent years, mortgage guidelines were tightened. Documentation requirements have been expanded and followed more closely. A pre-approval gets you through the initial process… more
What is an origination fee, and it smart to pay it?
share
Minneapolis, MN: Lenders don't work for free. Lenders get paid for doing loan, with the standard historic number having always been 1% of the loan amount, known as a loan origination fee. Until recently, that was just how it went. You paid loan… more
Veterans Day 2019
share
If you are active or retired U. S. Military, Thank You for your service! Veterans Day 2019 will be observed Monday November 11th. This official holiday is observed to give honor to those persons who served in the United States Armed Forces. Memorial… more
Should you keep renting, or become a first time home buyer?
share
Should you keep renting, or become a first time home buyer? We all know throwing money away making the landlord rich isn't a good long-term plan, buying your first home can be scary, and you may not know where to turn, or how to make it happen… more
Down payment requirements
share
Minneapolis, MN: Are you wondering how much you may need to save for your new home? It may not be as much as you think! O Down Payment The VA Loan for our military personal and the USDA rural housing loan both offer a zero down payment loan… more
MN mortgage financing made easy
share
Can you take advantage of the current market? You probably heard that mortgage interest rates have dropped. Now may be a great time to see if you can benefit. You may consider: • Lower your monthly payments• Shortening your loan term to a 20… more
VA removes down payment requirement for jumbo VA loans
share
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.. more