Lake Elmo, Minnesota (MN) Mortgage Brokers : Home Loans Directory

Lake Elmo, Minnesota (MN) Mortgage Brokers

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Below you will find a list of mortgage resources for Lake Elmo, Minnesota. This list will help find mortage brokers in Lake Elmo, MN to assist you with your home loan needs.

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Below is a list of Mortgage Brokers - Mortgage Lenders in the Lake Elmo, MN area.

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The Money Matrix, Inc.

Home loans, mortgages, home equity lines of credit, second mortgages. Full service mortgage lender. Competitive fees and rates, and old fashioned customer service where the borrower comes first. We also offer full broker services for Commercial loans.

Ted Thompson - (P)651-342-5626 (F)651-305-0736

11200 Stillwater Blvd. Suite 107 - Lake Elmo, Minnesota 55042

www.tedthompson.net

American Home Funding

American Home Funding, our moto is A Home For Everyone Always. Hundreds of laons programs, Free Consultations, ZERO down home loans, First time buyers, Quick close loan services. We work for you to put you in a better financial stateof mind. American Home Funding; W Holdings Company.

Ted Anderson - (P)651-379-0464 (F)651-209-0875

8649 Eagle Point Blvd. - Lake Elmo, Minnesota 55042

Important Websites for Lake Elmo, Minnesota

National Association of Mortgage Brokers

Mortgage Bankers Association

Mortgage Association of Minnesota

Minnesota Department of Commerce

Mortgage Association of Minnesota

NATIONAL AVERAGES	CURRENT	CHANGE

30 Yr Fixed	5.10%	-0.04%
15 Yr Fixed	4.83%	-0.08%
1 Yr ARM	4.85%	-0.10%
Fed Prime	3.25%	-0.75%
30 Yr Tres	3.07%	0.00%

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Important Information for the Lake Elmo, Minnesota Area

County: Washington Elevation: N/A ft Timezone: CST

Latittude: 44.99583 Longitude: -92.87917

How many people live in Lake Elmo (Population)? 6,863

How many homes are in Lake Elmo (Housing Units)? 2,389

What is the Population Per Square Mile? 300

How many Housing Units Per Square Mile? 105

How big is Lake Elmo, MN(Total Area)? 24 Sq M

How much water is in Lake Elmo (Water Area)? 2 Sq M

How much land is in Lake Elmo (Land Area)? 23 Sq M

**Informational Purposes Only - If you find incorrect information please email us.

Mortgage Tip #3: Consider a 15 Year Mortgage Over a 30 Year Mortgage

A 15 year mortgage will likely raise your monthly but can save you thousands in interest expense.

Example:

30 year mortgage on $150,000 at 6.5% - Over 30 years you will pay a total of $191,317 in interest.

15 year mortgage on $150,000 at 6.5% - Over 15 years you will pay a total of $85,199 in interest.

As you can see from this example the 15 year mortgage will save you $106,118.

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