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Mortgage Broker vs Bank: Key Differences Here are the main ways the two approaches differ. 1. Loan Options BankOne lender with one set of products. BrokerAccess to multiple lenders and loan programs. This often means more flexibility for: • First-time…
Are Mortgage Rates Negotiable When Buying a Home? Yes. Mortgage rates can absolutely be negotiable. But most buyers don’t realize that. They assume the rate they were quoted is just the rate. End of story. The truth is a little…
When buying a home, lenders must provide a document called a loan estimate. This document outlines the interest rate, closing costs, and estimated monthly payment for your mortgage. Many buyers receive one loan estimate and assume all lenders offer the…
Buying a home moves fast. Once your offer is accepted, many buyers assume they must stay with the lender they started with. But that is not always the case. In Minnesota, buyers can often switch lenders after going under contract…
Under Contract on a Home and Want a Second Look at Your Mortgage? Buying a home is a big step. Most buyers start the mortgage process with the first lender they talk to. That makes sense. When you are writing…
If you’re searching for mortgage rates near me in Bloomington MN, you’re not alone. Rates move daily. Headlines change constantly. But the better question is this: What do current mortgage rates actually mean for you? This page is updated weekly…
Paying Down Your Mortgage Faster For many homeowners, making an extra mortgage payment here and there seems like a smart move—and in many cases, it is. Paying a little more toward your principal can shorten the life of your loan…
Why Spring is a Prime Time for Real Estate Spring consistently ranks as one of the most active seasons in real estate—and for good reason. The weather improves, daylight lasts longer, and families often prefer to move before the next…
Applying for a mortgage is an exciting step toward homeownership, but it’s important to approach the process carefully. Certain financial decisions made before and during the application process can impact your approval and loan terms. To help ensure a smooth…
Buying a home is an exciting journey, but it comes with its share of expenses—one of which is closing costs. Many first-time buyers are surprised by these additional costs, which can add up to thousands of dollars. As a mortgage…
