I’m back in Chicago, Illinois. Illinois is one of the states where we can lend. If you are looking for a residential or commercial loan in Illinois, give us a call. We are mortgage brokers and will shop lenders to find the best loan for you. Whether you are a first-time homebuyer, investor, or starting...
Tag: Purchase
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FIRST-TIME HOMEBUYER VIDEO SERIES – CLOSING COSTS AND PREPAID EXPENSES
When you purchase a home with a mortgage, closing costs and prepaid expenses are due at closing, in addition to the down payment. Closing costs include items such as underwriting fees, processing fees, appraisal, credit report, title insurance, title escrow, and recording fees. These are the costs that are paid to obtain the loan. Prepaid...
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ARE YOU LOOKING FOR A COMMERCIAL LOAN?
Are you looking to purchase a plaza, office building, apartment complex, gas station, or some other type of commercial real estate? We can help you with these loans. We are a mortgage broker and have relationships with many lenders to find the best terms for your investment. As you know, the rate and terms...
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CONDOS CONDOS CONDOS
We are hearing it is becoming more difficult to get condos approved. Let’s take a look. On conforming loans, there are two levels of review, a limited review and a full review. A limited review does not require as much documentation as a full review. For example, a full review requires an Association Budget and...
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IS NOW A GOOD TIME TO BUY A HOME?
We get asked the following question quite a bit: Is now a good time to buy? There are more homes listed for sale today than there were a year ago. You may not need to get into a bidding war like last year to get a home. So, for a buyer, it seems to be...
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ARE YOU CONSIDERING A BRIDGE LOAN?
A bridge loan works nicely if you need the proceeds from the sale of your current home to purchase a new home. In essence, the bridge loan gives you an advance of the proceeds from the sale of your home to purchase the new home. It is a temporary loan to help you purchase...
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INVESTMENT OPTIONS
The following is a little help to analyze your options. Let’s say you worked hard and saved money over the years. It is sitting in your checking or savings account, and making little or no interest. You’d like to have your money work for you. You are considering investment options, such as stocks, mutual funds...
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BUY NOW, OR WAIT UNTIL LATER?
The loan limits for 2020 are higher than in 2019. If you choose to buy now, you could have more purchasing power than later in the year. You will qualify at the current lower rate, which could result in a higher loan amount than if you waited and rates increased. Contact us and we can...