VA Loans: Excellent Rates for Veterans’ Service

Keelin Billue Gubbels Chicago Real Estate, Interest Rates, Mortgage, Refinancing, Uncategorized

In order to get a VA Loan, you must first get a Certificate of Eligibility. We can usually help you obtain your COE through the Automated Certificate of Eligibility (ACE) system. Your periods of Service and other factors also determine your eligibility…we can help you with that. You will need to get us a copy of your DD Form 214, …

Only 5% Down on a Jumbo Loan

Keelin Billue Gubbels Chicago Real Estate, Mortgage, New Home Buyer, Realtor

Only 5% Down on a Jumbo Loan  (In Illinois, Michigan and Indiana Jumbo Loans above $424,100 for a 1-unit property) Key Benefits for the ARM Products • Up to 95% loan to value to a $650,000 loan amount.  • Up to 90% loan to value to a $850,000 loan amount.  • Asset depletion income allowed. Example – $500,000 account value/ …

Doctors Loan Program

Keelin Billue Gubbels Chicago Real Estate, Mortgage, Mortgage News, New Home Buyer, News

Medical Doctors including Dentists, Podiatrists, Ophthalmologists, and Veterinarians qualify for this program. Chicago Financial offers this loan program designed to help physicians purchase a home.  With benefits such as no downpayment, no mortgage insurance, and great rates, we make it easy for physicians to buy a home. No down payment required up to $650,000! No mortgage insurance required Projected income new …

Don’t Put Off Your Purchase.

Mike Rzadzki Chicago Real Estate, Mortgage, New Home Buyer

I am a Residential Mortgage Loan Officer and want you to RELAX when considering your FIRST home purchase. Many buyers – especially first-timers ­– will put off their purchase because they want to save for a larger down payment. In the meantime, home values are rising and mortgage rates are low. There are programs available that require little or no …

Staging My Home to Sell

Keelin Billue Gubbels Chicago Real Estate, Realtor, Refinancing

Ok, so you need to sell your home.  You figure you just need to tidy up and let potential buyers see your house.  WRONG. Once you decide to sell your house, you need to let the buyer see it as their home, not yours.  Staging a home highlights its strengths, downplays its weaknesses, and gets the buyer picturing themselves living in the home. All …

Jumbo Loan – What is it?

Keelin Billue Gubbels Chicago Real Estate, Mortgage, New Home Buyer

Just like it sounds, a jumbo loan is just bigger.  A loan is considered jumbo if it exceeds the conforming high-balance loan limits set by Fannie Mae and Freddie Mac.  The current conforming loan limit for a single-family home is $417,000 in Illinois. Jumbo mortgage loans are considered higher risk for lenders due to their larger size.  The idea is that if a jumbo mortgage …

New Property Tax Breaks for Severely Disabled Veterans in Illinois

Keelin Billue Gubbels Chicago Real Estate, Mortgage News, News

Illinois has a new law that provides property tax breaks to severely wounded military veterans. Senate Bill 107 provides local property tax exemptions for homeowners who have a service-connected injury, with a disability of at least 30 percent.  The U.S. Department of Veterans Affairs certifies the percent of injury. Veterans with a disability of 30 to 49 percent would receive a $2,500 annual exemption. …

New Rules Impact Closings

Keelin Billue Gubbels Chicago Real Estate, Mortgage, Mortgage News, News, Realtor

Congress established the Consumer Financial Protection Bureau (CFPB) after the financial problems of 2008.  Starting in October, there are two new forms that the borrower is required to receive.  The Loan Estimate is given to the borrow at the beginning of the process and the Closing Disclosure is provided right before the end of the process. This Causes Delays in …