Twin Cities Mortgage Refinancing

Mortgage Refinancing and New Home Purchase Loans

June 29th, 2008 at 04:15am Under bad credit+ first time home buyer+ mortgage refinancing+ new home purchase

Minneapolis Mortgage Refinancing MN

While our name implies mortgage refinancing only, we also offer very competitive mortgage rates on new home purchase loans. Whether you are a first time home buyer looking for a new home loan or a homeowner looking for a change we have the perfect loan for you.

First Time Home Buyer Loans

If you are looking to buy your first home let the loan officers at Minneapolis Mortgage Refinancing MN be your first call. Writing a new home loan for a first time home buyer is a snap compared to refinancing an existing mortgage. Our pros can easily work with you to make buying a first home as easy as 1,2,3!

Tags: bad credit, first time home buyer loans, Minneapolis Mortgage Refinancing, Mortgage Refinancing MN, new home purchase loan

By admin Add comment

Homeowners Rush to Refinance High Interest Rate Mortgages

January 29th, 2008 at 01:38pm Under 30 year mortgage+ foreclosure+ mortgage rates+ mortgage refinancing

Fed’s mortgage rate cuts have proven effective, at least in the short run, by holding Wall Street and investors in thrall while at the same time creating an urgency for homeowners to refinance their high interest rate mortgages.

As a rule, for a mortgage to be worthy of refinancing, the current interest rate should be 0.40 percentage points or more below the existing mortgage rate. With the current interest rate on a 30-year fixed-rate mortgage at an average of 5.57, it has now made up to 7 million mortgages (or a whopping 70% of US mortgages!) “refinanceable”.

The Mortgae Bankers Association said home mortgage refinancing reached their highest levels since April 2004.  The rush to refinance could get a further boost from President Bush’s Economic Stimulus Package. The package would allow government sponsored Fannie-Mae and Freddie-Mac to buy mortgages worth $729,750. Both Fannie-Mae and Freddie-Mac were bound by a cap of $417,000. This would make refinancing more feasible for owners of more expensive mortgages as well.

Popularity: 56%

Tags: 30 year mortgage, fed rate cuts, mortgage rates, mortgage refinancing

By admin 1 comment

Mortgage Rates Impacted by Federal Rate Cuts

January 24th, 2008 at 03:53am Under mortgage rates+ mortgage refinancing

Rate Cuts Impact Mortgage Rates
ORLANDO, Fla. (WOFL FOX 35)

A day after the Federal Reserve made an historic rate cut, mortgage rates also fell to near record lows. Short-term rates aren’t usually tied to long-term ones like 30 year fixed mortgages.

But the surprise cut Tuesday morning could mean it’s time to refinance. Mortgage rates have fallen in the last 30 days, but are now in the low 5% range.

Popularity: 38%

By admin Add comment

Our Street Address and Hours of Operation

December 22nd, 2007 at 03:52pm Under letter of pre-approval+ mortgage refinancing+ new home purchase

At MortgageRefinancingMN.com. we have expanded our hours of operation. We are now open from Monday through Friday 8am to 6pm and are available by appointment on weekends. We accept and process mortgage refinancing applications, new home purchase apps and request for letter of pre-approval (for your realtor) through our website. Just click on “contact us” and we will go to work for you immediately!

Popularity: 42%

By admin Add comment

Minnesota MORTGAGE RATES, Great Personal Service

December 13th, 2007 at 01:39pm Under minnesota+ mortgage rates

When it comes to mortgage refinancing, there are many banks and brokers to choose from and each has their own idea about what is best for you. Not only that, but they all talk too fast and use “banker speak” Wouldn’t it be nice if you could find a talented loan officer that would simplify the whole mortgage refinancing process?So why Should You Refinance Your Minnesota Mortgage with us?

Well, for starters our loan officers have many, many years of experience and we’re not in a race to push you into something just so we can make a quick buck. We work with literally hundreds of different banks and they all want our business. Banks offer amazing loan opportunities to the top mortgage brokers. Because we are so well established in the mortgage refinancing industry, we can help people get better rates than anywhere else in town.

By admin 2 comments

Mortgage Refinancing Expected to Jump as Mortgage Rates Fall

November 5th, 2007 at 12:30pm Under mortgage rates+ mortgage refinancing

Quicken, the manufacturer of both Quicken and Quickbooks, the well-known software accounting package, released this statement just today:

Mortgage Rates Fall, Refinancing Expected to Jump

11/6/2007 - Quicken Loans

Interest rates on 30-year fixed rate home loans fell to their lowest point in nearly six months today as investors, concerned with continuing turbulence in the housing and credit markets, moved their money into high quality bonds, like U.S. Treasuries, helping move long-term interest rates lower.

According to online mortgage lender Quicken Loans, nearly $100 billion in adjustable rate mortgages will reset through the remainder of 2007. The drop in long-term interest rates should benefit homeowners hoping to refinance an adjustable rate mortgage into a fixed-rate loan prior to the interest rate reset…

By admin 1 comment

Now is the Time for Mortgage Refinancing!

November 2nd, 2007 at 11:18am Under 30 year mortgage+ fixed rate mortgage+ foreclosure+ mortgage refinancing

This is such welcome news, regarding mortgage refinancing, that we decided to publish the article in full. Here it is:

30-Year Mortgage Rates Fall Sharply
By MARTIN CRUTSINGER

WASHINGTON (AP) — Rates on 30-year mortgages fell to the lowest level in five months as evidence mounted that the economy is slowing down.

Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dipped to 6.26 percent this week, down from 6.33 percent last week. It was the lowest level since 30-year mortgages were at 6.21 percent the week of May 17.

Analysts attributed this week’s decline to further evidence that the steep slump in housing is getting worse and other parts of the economy are slowing as well.

By admin 1 comment

Minnesota Mortgage Refinancing

November 1st, 2007 at 04:55am Under minnesota+ mortgage refinancing+ twin cities

Here is one of our ads that we are running;

Mortgage Refinancing(612) 685-0813 - Serving the entire Twin Cities metro

Get a Quote for a Better MORTGAGE

Here are just a few of the many reasons to work with the mortgage refi pros at EDR Mortgage:

• Efficient - Because we have helped process so many mortgages we know what is needed and who needs what. Only the necessary documents will be asked for and we do our best to ask for ONLY what’s needed from you.
• Thorough - With all the “i”s dotted and the “t”s crossed, there is usually no surprises.

By admin Add comment

Mortgage Refinancing or Foreclosure and Bankruptcy?

October 18th, 2007 at 11:19pm Under bankruptcy attorney+ mortgage refinancing

Here is a great article that really helps people understand what went wrong with the real estate and mortgage industry. It also highlights various situations that occurred as a result of predatory lending which has ultimately led to scores of homeowners flocking to a bankruptcy attorney for relief.

Lenders can’t shovel all the blame on borrowers
UNION-TRIBUNE
Dean Calbreath

In recent weeks, the mortgage industry has put out the word that it is shocked, simply shocked at the amount of fraud involved in home loans.

“People are deceiving lenders at an alarming rate,” said Jonathan Kempner, who heads the Mortgage Bankers Association.

By admin 1 comment