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We are a serious wholesale mortgage broker with licensed and experienced brokers who know the Minnesota market very well. Premier Mortgage of Rochester specializes in the purchase or refinancing of residential real estate in Minnesota. Our goal is to get the best mortgage interest rate possible with the smartest mortgage product in Rochester, MN. We don`t work for banks…. We work for you! Don`t hesitate… From start to finish, you are not disappointed by our service !!! Call 507-285-9898 Subd today. 3a. Advertising.  ”advertising” is not limited to illustrations, flyers or statements that present information to the public in a document, on an electronic or electronic medium, intended to attract customers, generate interest or reveal the existence of the licensee, and the services, fees or products provided or available by the licensee, including, but not limited: , interest rate: , interest rate , original credit charges, types of credits available, discount points, establishment fees or mortgage conditions in the sample.

Mr. Subd. 23. Ask, place or negotiate a residential mortgage.  ”Ask, place or negotiate a residential mortgage” means that a residential home loan is compensated or profitable or indirectly, whether directly or indirectly, accepting or accepting a residential mortgage application, helping a borrower apply for a residential mortgage or negotiating or proposing the terms of a residential mortgage with a lender on behalf of a borrower. Mr. Subd. 28. Negative amortization.

 ”Negative amortization” occurs when the borrower`s compliance with a repayment option, in accordance with the terms of the residential mortgage, is not sufficient to cover the interest on the loan, resulting in an increase in the loan balance.  Negative amortization does not occur when a residential mortgage is contracted, subsidized or guaranteed by a state, tribal government or local or non-profit organization, and supports one or more of the following non-standard payment terms that significantly benefit the borrower: payments vary according to income;  Capital and interest payments are deferred until the maturity date of the loan or sale of the residence;  Capital or interest may be paid under certain conditions;  or if there is no interest or an annual rate of 2% or less under the loan. Mr. Subd. 9. Exempted person.  ”exempt person,” a person exempt from the conditions of authorization for the country where the mortgage originated and a person exempt from the conditions of authorization for residential mortgage services.