All About Minnesota Real Estate

By Joe Metzler, Sr Loan Officer
(Cambria Mortgage)
Thinking about buying a home today and not liking current mortgage interest rates? Buying a home at today's higher mortgage interest rates is still cheaper in many cases than overpaying during the bidding wars of 2020 and 2021 when there were lower interest rates. Cambria Mortgage, the Joe Metzler Team lends in MN, WI, IA, ND, SD. APPLY ONLINE Equal Housing Lender. NMLS 274132, 322798.  lends in the following states: MN, WI, SD, ND, IA, 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. ...
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By Joe Metzler, Sr Loan Officer
(Cambria Mortgage)
Temporary Interest Rate BuydownsMinneapolis, MN: For those who are looking to purchase a home in the near future, it's inevitable that you've begun to worry about the rising mortgage interest rates, and how that may affect your home buying journey.Fortunately, Cambria Mortgage offers home loan options know as temporary buydowns. These buydown options have been around forever, but as you can imagine, are popular when mortgage rates are high, and almost forgotten about when mortgage interest rates are low.We offer these buydown options on most loan, including standard conventional, FHA loans, VA Loans, and even USDA loans.The temporary buydown options are a 3-2-1, a 2-1, and a 1-0.What does this mean?  Simply, let us assume you are looking at a 3-2-1 buydown. Assume the "real" rate on you...
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By Joe Metzler, Sr Loan Officer
(Cambria Mortgage)
Mortgage interest rates. Float or Lock? Minneapolis, MN: Under contract to buy a house, or looking to buy a house? In today's interest rate environment, should you lock or float the loans interest rate? What is lock or float, and what is a float down option? Here Joe Metzler, Senior Loan Officer at Cambria Mortgage, with more than 25-years lending experience explains: Cambria Mortgage, the Joe Metzler Team lends in MN, WI, IA, ND, SD. APPLY ONLINE Equal Housing Lender. NMLS 274132, 322798.  lends in the following states: MN, WI, SD, ND, IA, 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 ...
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By Kevin Dimmel, Buy and Sell Real Estate in Minnesota
(Weichert Realtors Advantage)
What is My Eden Prairie House Worth?Assessing the value of your home, your needs and your timeline can change a multitude of factors. How quickly you need the proceeds of the sale and the market conditions can help decide your path as you prepare to leave your current house. It’s a balance of current and future needs and the route you choose can always be changed until you enter into a contract.The Eden Prairie Market is still a Seller's Market and prices are holding steady. What is My Eden Prairie House Worth?Search Eden Prairie and Surrounding Area Homes For Sale!  
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By Kevin Dimmel, Buy and Sell Real Estate in Minnesota
(Weichert Realtors Advantage)
 EDEN PRAIRIE CONDOS & TOWNHOMES FOR SALESee today’s Eden Prairie Townhomes & Condos For Sale.Eden Prairie Real Estate. Money Magazine has consistently named Eden Prairie one of the best places to live in America.It has 170 miles of multi-use trails and 2,250 acres of parks. The Minnesota River, a Mississippi tributary, borders the town on the south side. All of these attributes make Eden Prairie a big attraction for outdoor enthusiasts throughout the region. However, its employment opportunities and school system also make the community popular.Its well-known employers include Digital River (e-commerce), the SuperValu supermarket chain, Lifetouch (portrait photography).Eden Prairie’s school system has received praise from national publications such as U.S. News & World Report, Newsweek...
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By Joe Metzler, Sr Loan Officer
(Cambria Mortgage)
The 2-1 buydown, facts and fiction. 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 temporary subset of your standard mortgage agreement, like a 30-year fixed, that provides a 2% lower interest rate the first year of the loan, a 1% lower rate for the second year of the loan, and then the normal note rate for the remainder of the loans term (remaining 28-years).With mortgage loan interest rates hovering around 7% as I write this, (see current rate averages) the buydown has become popular as a way for builders and sellers to help sell a house with this incentive. 2-1 Buydown SavingsLet us look ...
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By Joe Metzler, Sr Loan Officer
(Cambria Mortgage, The Joe Metzler Team)
Joe Metzler, named 2022 Super Mortgage ProfessionalThe members of the 2022 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 eight Loan Officers made the list and are among the top 2 percent of mortgage professionals in the Minnesota, Twin Cities market, including Joe Metzler, a Senior Loan Officer from our St Paul, MN Office.  Joe has won this award 5-years straight.Each 2022 Super Mortgage Professional™ has been evaluated by their homebuying clients who have recently purchased a home for $150,000 or more. They are critiqued on the level of client satisfaction provided and the likelihood of being referred to a friend. M...
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By Joe Metzler, Sr Loan Officer
(Cambria Mortgage)
Use seller paid closing costs to sell your home faster. Minneapolis, MN: The real estate 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, common tips that simply disappeared the past few years are coming back. Here is are some great tips for selling your home faster by helping the buyer.What Are Seller Paid Closing CostsSimply put, seller paid closing costs help buyers, and that helps you, while generally not really costing you anything.Don't drop your homes selling price, instead offer to pay some or all of the buyers closing costs. A $10K price reduction may save the buyer $30 or $50 per month, but $10K in seller...
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By Joe Metzler, Sr Loan Officer
(Cambria Mortgage)
Your Housing Market Questions AnsweredIf 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 worry, we’ve got you covered!Check out our answers to the top three questions we’ve received recently…How Do Fluctuating Interest Rates Affect Qualification?One of the most important things to be aware of when purchasing a home in this current housing market is how changing interest rates affect your qualification. That’s why having an excellent Mortgage Lender is extremely important. They will help you to understand just how much interest rates can change your purchasing power.For example, if rates rise y...
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By Joe Metzler, Sr Loan Officer
(Cambria Mortgage)
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 price budgets, they can take comfort in knowing that they’re making a monthly housing payment one way or another. It will benefit them greatly if, in the long run, their housing payments are going to a home they own versus the landlords pocket.Imagine if you had bought a home just 3-years ago... How much equity you would have earned!Cambria Mortgage, The Joe Metzler Team has been helping home buyer, and especially first time home buyers achieve their dream of home ownership for over 25-years, and we can help you too with a wide array of programs to suit most people.It is super easy to see what...
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By Joe Metzler, Sr Loan Officer
(Cambria Mortgage)
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. This current inflationary market has caused havoc to home buyers, not only in the basic interest rate, but it has also caused serious compression to lenders in how they determine the interest rates they charge home owners.See current national average mortgage ratesWhat Are Discount Points?Discount points, commonly called simply Points in a way for a homeowner to buy down their loans interest rate today, in exchange for some additional costs up-front, paid at closing. Each Point represents 1% of the loan amount. For example, a $200,000 loan, one point would equal $2,000 in additional closing co...
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By Joe Metzler, Sr Loan Officer
(Cambria Mortgage)
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 the lake!We also make it easy to apply, to determine how much lake home you can afford, how little down payment you may need to turn your weekends and summer into your lake life dream, and of course, how much you’ll have left over for that trophy fishing boat, or party pontoon.We offer super competitive second home mortgage rates, and will be happy to show you how to buy a second home, plus teach you all the second home mortgage requirements, like minimum down payment requirements.Simply call (651) 552-3681, or complete a quick pre-qualification fo...
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By Joe Metzler, Sr Loan Officer
(Cambria Mortgage)
Minneapolis, MN: Congratulations, you've decided you want to buy a home and use one of your best VA benefit, the VA home Loan. As you begin working with the real estate agent, they shock you by talking about your chances of getting your purchase offer accepted with a VA Loan in today's sellers market is low, and that a VA loan puts you at a competitive disadvantage. They will usually even ask "can you switch to a conventional loan instead?" If they say this, IMMEDIATELY FIRE THE AGENT!Unfortunately, few real estate agent out there understands how awesome VA loans are, resulting is a lot of ignorance and unjust fear within the real estate agent community, giving them an undue bias towards VA loans and our military personal.Why VA Loan Bias By Real Estate Agents?Most real estate agents ha...
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By The Weiland Group of Keller Williams Realty
(The Weiland Group of Keller Williams Realty)
Image via Pexels Your First Investment Awaits (But Do Your Research First)Real estate has always been seen as a great investment. Historically, residential properties gain in value thanks to long-term property appreciation and improvements/maintenance. If you have never purchased investment property before, it might seem like a daunting endeavor, but it doesn’t have to be.Here is some information for novice investors about what to consider and how to go about buying an investment property.Understanding Real EstateBefore launching your own investment initiative, you should research the real estate market. Look at trends in your chosen area over the last 10 to 20 years. You must understand that, like all economic movements, real estate has ebbs and flows. It is not always a steady uphill ...
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By Joe Metzler, Sr Loan Officer
(Cambria Mortgage)
Mortgage Rates On The InternetMinneapolis, 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 for "let the buyer beware."Many lenders post their interest rates on their web sites. Sadly, day in and day out, I must constantly show clients that what they though they were looking at, isn't exactly what they were looking at.While we show national average interest rates in the USA on our web site, I'm even hesitant to do that because people just assume "that is their rate", while really it is more of just giving people an idea of where rates are hovering, versus what any particular client may actual get. There are many reasons posting rate...
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By Joe Metzler, Sr Loan Officer
(Cambria Mortgage)
June is National Homeownership MonthMinneapolis, 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 people are eager to buy a home.From a place to call home, lay down roots to raise a family, being able to have a dog, and crank up the stereo without being yelled at, to building wealth, nothing beats homeownership.We all know that real estate is one of the best ways to build wealth. A recent Federal Reserve survey found that the medium net worth of a homeowner is $255,000, compared to the medium net worth of a renter, at just $6,000.While savings, 401k, and other investments help contribute to net worth, for most, your home is your biggest asset...
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By Joel Friday, Make sure your home is "SOLD by Friday!"
(Keller Williams Classic Realty)
Highway 169 and 10 work in Elk RiverReal estate market data in Elk River MN by Joel Friday of Keller Williams Classic RealtyUS Highway 169 through Elk River has 5 stoplights that create congestion on Friday nights as people head "up north" to their cabins and recreation as well as Sunday afternoons. Morning and evening commutes are also greatly affected. Well, it is about to get worse so they can eliminate these lights. One lane traffic in each direction starts soon at the US 10 intersection as the northbound bridge will be replaced. Also, expect one lane traffic at the 197th Ave intersection for the rest of the year with access to 197th Ave closed until the bridge is completed.Us Highway 10 will be down to one lane from 173rd to Main St as they rebuild the west bound lanes and the inte...
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By Joe Metzler, Sr Loan Officer
(Cambria Mortgage)
Buy with cash, get a loan afterwardsCambria 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 attractive to sellers.Sellers love cash offers, putting you at the top of the pecking order amongst competing offers. But not everyone can, or even wants to pay cash for the new home.  Many people are pulling cash from savings accounts and 401k loans, but realistically want a loan, and need to put that money back.No worries, Cambria Mortgage, the Joe Metzler Team offers a 'delayed financing' program to recoup your cash within six months of closing without delay!Borrowers who purchased a property within the past six months, measured from the closing dat...
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By Joe Metzler, Sr Loan Officer
(Cambria Mortgage)
Today’s competitive housing market requires buyers, lenders and real estate agents to act fast. 💥 Your winning ticket to buying a home in Minnesota is getting pre-approved with Joe Metzler at Cambria Mortgage.A strong pre-approval letter from a local lender that Real Estate Agents know puts your offer way ahead of others, especially if your letter is from out state, or worse yet, big internet lenders.Don't lose out because you picked the wrong lender!Be prepared to buy ahead of time so you can act quickly with confidence. Ready to get started? Reach out to us at (651) 552-3681 or apply online at https://JoeMetzler.com/applicationNMLS 274132 - Equal Housing Lender#mortgage #realestate #housing #realestate #realestateagent #Minneapolis #Minnesota #firsttimehomebuyer 
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By Joe Metzler, Sr Loan Officer
(Cambria Mortgage)
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, especially you first time home buyers.Examine Your FinancesObviously purchasing a home is a large financial decision. Taking a look at your monthly expenditures and your debt is a great way to get started in the home purchase process. Take a look at where your money is going every month; figure out where you can make changes in your spending or cash flow that’ll increase the money you can dedicate toward saving for a down payment. Look for easy areas of spending, like that monthly subscription you don’t even use or start making coffee at home versus the expensive cups from the drive through on your way to the office. These are simple tweaks in ...
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Minnesota Real Estate Agents and Real Estate Professionals