A lot of future buyers pause their plans because they still believe the old 20% down myth. The truth is that most people become homeowners with far less, usually around 3% to 5%, and the payment shift isn’t as dramatic as many fear. Mortgage insurance was created to make that lower down payment possible, keeping […]
Welcome. I am Ken Graczak, an experienced mortgage broker with CFR Mortgage based in Bloomington, MN. My mission is simple. I guide everyday homebuyers through a clear and stress-free mortgage experience. I grew up in a family that did not know how to buy a home, and that shaped everything I do today. I approach […]
Understanding a seller-paid 2-1 buydown can make a big difference if monthly payments feel out of reach. This strategy temporarily lowers your interest rate for the first two years, giving you breathing room while you grow income, pay off debts, or settle into your new home. It’s a practical way to bridge today’s rates with […]
The choice between renting and buying isn’t only about the math because for many people the true benefit of homeownership comes from stability, pride, and creating a place that feels fully your own. Beyond the tax advantages and long-term financial upside, owning a home means choosing your paint colors, building roots in a neighborhood, and […]
Affordability is more than chasing the lowest rate or choosing the longest term because the smartest mortgage strategy depends on your long-term plans. Many homeowners in Minnesota move or refinance within seven years, which means paying extra for a shorter term like a 20-year loan may never deliver the savings they expect. Pairing a standard […]
