Your Local Mortgage Lender
Located in Edina, Minnesota
Personalized Mortgage Experience
Alex Mysinek offers personalized service and loan options you'll love. We shop multiple lenders to find the best rate and product for you, getting you into your dream home faster.
With wholesale interest rates and cutting-edge technology, we make the mortgage process seamless. Trust the experts who focus solely on mortgages. Support your local community and experience elite client service.
Let us help you achieve your homeownership dreams!
The Home Loan Process
Mortgage Pre-Approval
Get pre-approved from one of our Loan Officers to see how much you can afford.
House Shopping
Work with a trusted Real Estate Agent to find a home you would like to move into.
Loan Application
Complete your home loan application to get the lending process started.
Don't take my word for it
Mortgage Programs
Experience the best mortgage experience located in Edina, Minnesota.
Home Loan Options
Our experienced mortgage advisors will walk you through the best mortgage loan program that will fit your specific scenario.
Conventional Home Loans.
FHA Home Loans.
USDA Home Loans.
VA Home Loans.
Frequently Asked Questions
How often can I refinance my mortgage?
There is no limit to the number of times you can refinance. However, you must qualify every time you apply and there will be costs associated with closing the loan each time.
Can I buy a home if I do not have money for a down payment?
Yes! There are a number of bond programs that offer low or no down payment financing options.
How do I know which mortgage is right for me?
The key to choosing the right mortgage is to understand the range of options and features available to you, as well as your budget, circumstances, and goals. Our licensed mortgage professionals are here to help you navigate that process. The more you know, the more comfortable and confident you will be choosing the best option for you and your family.
How long will the loan process take?
The Truth in Lending Act (TILA) does not permit a lender to close a loan until at least seven (7) business days have passed from the date your application was received. A typical home loan takes 30 days, as a number of third-party services such as appraisals, title work, and credit are required in conjunction with the mortgage process. Once you familiarize your Loan Officer with the details of your specific loan scenario, they will be able to provide you with a more specific timeline.
Will I qualify for a home loan?
The only way to find out is to speak with a qualified mortgage professional. Our Loan Officers have helped numerous clients who didn’t know if they could qualify to become home owners. We take the time to understand your financial situation and long-term financial goals, and then match you with the loan program that best fits your needs. Your approval for a loan may also largely depend on the price of the home you are financing. Getting pre-qualified prior to beginning your home search can give you an idea of what you may be able to afford.
Why do people refinance their mortgages?
Homeowners typically refinance to save money, either by obtaining a lower interest rate or by reducing the term of their loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts.
How much money will I have to pay upfront to buy a home?
This question does not have a simple, one-size-fits-all answer. The exact amount will depend on the price of the home you buy as well the type of mortgage financing you choose. Depending on your loan program, your down payment could be as much as 20% of the home’s price or as little as 3%, while some loans require no down payment at all.
Can I get a mortgage after bankruptcy?
You may still qualify for a home loan even if you have experienced a bankruptcy. The best way to find out if you qualify is to talk with a Loan Officer to discuss your options. Be sure to bring all paperwork regarding your bankruptcy so your Loan Officer can find the program that best fits your situation.
Should I lock my interest rate now, or wait until we are closer to our closing?
Interest rates fluctuate all day, every day. If an interest rate is good, it may be in your best interest to lock now. If you wait, you run the risk of an increase in rates later. If you are concerned that rates may go down after you lock, contact your Loan Officer to discuss your options. Some programs allow you to lock for an extended period and choose to lower your rate should a better one become available.
Most Recent Blog Updates
Twin Cities Buyers May Be Able to Get Into a Home With as Little as One Thousand Dollars Down
The Number That Surprises Most Minnesota Buyers Who Think They Need Far More
If you are a Twin Cities homebuyer and you have been putting off the conversation because you do not think you have saved enough the number worth knowing is one thousand dollars. Eligible buyers may be able to get into a home with as little as a thousand dollars of their own money through down payment assistance programs available in Minnesota right now.
This is not a shortcut around mortgage approval. It is a legitimate financing path that Alex Mysinek helps qualified buyers navigate every week.
Who This May Apply To
The starting point for down payment assistance eligibility is relatively accessible for buyers who are financially stable even if they have not built a large savings balance yet. Steady income, a credit score above six hundred and fifty, and at least one thousand dollars saved are the general starting criteria worth knowing before dismissing this as something that applies to someone else.
If those three things describe your situation the down payment assistance conversation is worth having rather than continuing to guess how much you need to save before you can realistically buy.
What Down Payment Assistance Actually Is
Down payment assistance programs provide funds toward the upfront costs of purchasing a home through grants, forgivable loans, or deferred payment structures depending on the specific program. The buyer goes through standard mortgage approval and qualifies for the home loan in the normal way. The assistance covers part or all of the down payment and sometimes closing costs that would otherwise have to come from personal savings.
The programs available in Minnesota have income limits, purchase price limits, and property eligibility requirements that vary by program. Understanding which programs apply to a specific buyer's situation requires running through the actual numbers rather than making assumptions based on general information.
What the Live Zoom Session Covers
Alex Mysinek is hosting a live session on Zoom specifically for Twin Cities buyers who want to stop guessing and start understanding their actual options. The session covers how down payment assistance works in practical terms, who may qualify based on the real program criteria, and how to calculate the actual cash you would need to get started rather than continuing to save toward a target you may not actually need to hit.
Click the link below to join. If you have steady income, a credit score above six hundred and fifty, and at least a thousand dollars saved this is worth your time to find out what is actually possible for you right now.
Sources
MinnesotaHousingFinanceAgency.org
ConsumerFinancialProtectionBureau.gov
HUD.gov
MortgageNewsDaily.com
Investopedia.com
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