Faribault, Minnesota (MN) Mortgage Brokers : Home Loans Directory

Faribault, Minnesota (MN) Mortgage Brokers

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

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

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National Independence Mortgage

While other lenders promise- We Deliver!!

Ed Morse - (P)651-675-0234 (F)651-675-0233

3410 Federal Dr. Suite 106 - Faribault, Minnesota 55021

www.NIMcorp.com

Important Websites for Faribault, 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	6.10%	0.01%
15 Yr Fixed	5.78%	0.01%
1 Yr ARM	5.12%	-0.04%
Fed Prime	5.00%	-0.25%
30 Yr Tres	4.31%	0.15%

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Important Information for the Faribault, Minnesota Area

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

Latittude: 44.295 Longitude: -93.26861

How many people live in Faribault (Population)? 20,818

How many homes are in Faribault (Housing Units)? 7,668

What is the Population Per Square Mile? 1,645

How many Housing Units Per Square Mile? 606

How big is Faribault, MN(Total Area)? 13 Sq M

How much water is in Faribault (Water Area)? 0 Sq M

How much land is in Faribault (Land Area)? 13 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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