Equity Source Mortgage, Inc

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Equity Source Mortgage, Inc Small mortgage broker in Minnesota. Where people come first - and Mortgages come naturally. At Equity Source Mortgage we sit on your side of the table.

equitysourcemortgage.com
NMLS #295556
Subscribe on YouTube Equitysourcemortgage22 We know the costs – whether you are buying a home for the first time or refinancing an existing mortgage, we share our deep knowledge of the industry from the very first meeting…

Small mortgage broker specializing in finding our clients the loan program that best fits their needs in whatever phase of life they are in. We take the time to get to know our clients, their goals, their struggles, their dreams. Then we work diligiently to find the loan program that would fit best with our customers goals. http://equitysourcemortgage.com/ http://RogersMortgageLender.com

10/18/2026

“Don’t put a limit on anything. The more you dream the farther you get.” — Michael Phelps

Who told you that you couldn't own a home?

Was it your credit score?

Your bank account?

A lender who told you “no”?

Or maybe you've been telling yourself it's just not possible.

Don't let where you are today determine where you believe you can go.

I've worked with people who weren't ready to buy a home when we first talked.

Sometimes they needed to improve their credit, pay down debt, or save a little more.

But instead of simply saying “no,” we worked on figuring out what needed to happen next.

Because “not today” doesn't have to mean “not ever.”

Your dream of homeownership deserves more than a quick yes or no.

It deserves a plan.

10/18/2026

October 18, 2026 — Mortgage Insurance

🛡️ MORTGAGE TERM OF THE DAY: MORTGAGE INSURANCE

Mortgage insurance is designed to protect the lender if a borrower stops making mortgage payments.

But here's something that might surprise you:

Mortgage insurance can actually help you become a homeowner sooner.

Why?

Because certain loan programs allow you to purchase a home with a smaller down payment when mortgage insurance is included.

Instead of waiting years to save 20%, you may have options today.

Sometimes the cost of waiting is worth comparing with the cost of mortgage insurance.

The goal isn't just getting a mortgage. It's finding the mortgage that makes sense for you.

There's different kinds of Mortgage insurance

10/17/2026

“The twin killers of success are impatience and greed.”

Not everyone who wants to buy a home is ready today.

Maybe your credit needs work.
Maybe you need to pay down some debt.
Maybe you need a little more time to save.

And sometimes, the answer you hear is simply “You don't qualify.”

But what happens after that?

I've had people tell me that when they couldn't get approved elsewhere, I was the first person who actually took the time to explain WHY and, more importantly, WHAT THEY COULD DO ABOUT IT.

That's something I take pride in.

Because sometimes the best thing I can do for someone isn't getting them a mortgage today.

It's helping them build a plan so they have a better chance of getting one tomorrow.

Homeownership isn't a race. And you deserve more than a yes or no.

You deserve someone willing to help you find the path forward.

10/17/2026

🏦 MORTGAGE TERM OF THE DAY: ESCROW

An escrow account is commonly used to collect money for expenses such as property taxes and homeowners insurance.

Instead of paying a huge tax bill yourself when it's due, you may pay a portion each month with your mortgage payment.

Basically:

Little payments throughout the year instead of one big surprise.

10/16/2026

“Creativity is thinking up new things. Innovation is doing new things.” — Theodore Levitt

Everybody has ideas.

“I wonder if I could buy a house?”

“What if I kept my current home and rented it out?”

“Could I buy a duplex and have someone help pay the mortgage?”

“Maybe there's a better way to do this.”

Those aren't crazy ideas. They're possibilities worth exploring.

But here's the difference…

An idea sitting in your head doesn't change anything.

Finding out whether the numbers work just might.

You don't need to have all the answers. That's what I'm here for.

Bring me your ideas, even the unusual ones. Let's see what makes financial sense and what's actually possible.

Because sometimes the best opportunities start with two simple words: “What if?”

10/16/2026

🛡️ MORTGAGE TERM OF THE DAY: HOMEOWNERS INSURANCE

Homeowners insurance protects your home and belongings against covered losses.

Your mortgage lender generally requires you to maintain appropriate insurance coverage.

Why?

Because the house is also the lender's collateral.

If something happens to the house, everybody has a reason to want it protected.

They want to make sure you have adequate coverage so you don't have a deficit if you need to make an insurance claim which would cause you to default on your mortgage payment.

10/15/2026

“You can’t throw mud at people without getting your hands dirty. Confront issues, but don’t attack the person.”

It's easy to make yourself look good by making someone else look bad.

We see it in business all the time.

“My rates are better.”
“That lender doesn't know what they're doing.”
“You should never use a bank.”

But here's the thing…

You don't have to tear someone else down to show people your value.

In the mortgage business, I'd rather earn your trust by showing you what I can do for you than telling you what's wrong with everyone else.

Confidence doesn't need to criticize. Quality speaks for itself.

What a fun night Hops and Handshakes last night. Continues to be a big success. I’m so thankful for the people who sh...
10/15/2026

What a fun night Hops and Handshakes last night. Continues to be a big success. I’m so thankful for the people who show up month after month. Can’t wait till next month

Special thanks for our sponsors

Robert Boullianne owner of express employment Peter Quayle board chair and executive facilitator at TAB

We had 50-60 range in attendance

Kyle Sorenson
Shawn Hunter
Thomas R. Jackson
Wymond Wong
Equity Source Mortgage, Inc
Twin City Heating, Air, and Electric
Justin Persinger
Dan Batcha
Steven Watton
Jeremy Ellingson
Maria Thieling

And many more.

10/15/2026

🏡 MORTGAGE TERM OF THE DAY: PROPERTY TAXES

Property taxes are taxes charged by your local government based on your property.

They can be collected monthly through your mortgage escrow account or paid directly, depending on your situation.

And here's an important reminder:

Property taxes can change.

So your mortgage payment isn't necessarily guaranteed to stay exactly the same forever—even with a fixed interest rate.

10/14/2026

Mortgage bonds took a punch this morning—and showed some fight this afternoon.

The day started with a sharp move in the wrong direction for mortgage rates. But as the afternoon unfolded, the 10-year Treasury and mortgage-backed securities fought back, bringing some welcome relief from the morning’s pressure.

That resilience is encouraging. A rough start could have turned into a day of steadily worsening conditions. Instead, bonds recovered ground and gave us a more constructive afternoon.

For homebuyers, the takeaway is simple: the morning’s rate picture isn’t always the afternoon’s rate picture. Mortgage bonds directly influence lender pricing, and improvements can create opportunities for better quotes as lenders update their rate sheets.

One afternoon doesn’t establish a trend, but today’s comeback was a welcome sign of life. And when you’re watching rates closely, that matters.

If you locked this morning, then OOPS... but if you worked with a Mortgage Broker, they can just change wholesalers and still do your loan at a much lower price than literally hours ago, where with a bank you're stuck with the higher fees from this morning + the higher fees of working with that retailer/bank non broker.

Address

930 111th Avenue NW
C**n Rapids, MN
55448

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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