The Value of Experienced Loan Officers to the “Digital Mortgage”

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

There is a trend in the mortgage industry towards “Digital Mortgages”.  Basically, the idea is for the entire process to be handled through a website.  You upload your documents, fill out forms, and digitally sign documents. This is not really all that new and all that unique.  At CFS, we can process docments and forms online as well.  Utilizing technology to streamline the …

Bad Loan Officers

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

Some people in the mortgage business just don’t get it.  Some loan officers are just bad. When a buyer is looking for a loan to buy a new home, the real estate agent will usually refer the buyer to a mortgage professional.  The real estate agent wants the buyer to have a good experience getting the mortgage and the buyer …

Interest Rates – Hanging on Every Word

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

CNBC looked at every word Fed Chair Janet Yellen has released in press statements and ever said at policy meetings.  They have analyzed every word to predict what the Fed will do regarding interest rates in September’s press conference. The full article can be found on the CNBC website. Here is a sample: and also look at this: The stakes …

We’re Way Better than Being Around Snakes!

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

We came across an article in the LA Times with the headline “Many buyers find the mortgage process unpleasant“. …more people were more comfortable with public speaking, being in high places, flying in an airplane, being around snakes and being in a confined space than they were going through the mortgage process. The article refers to Guaranteed Rate’s own customer …

What Makes us Different?

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

You need a home loan.  What does it matter where you get the loan?  Mortgage companies are all the same, right?  Wrong. We are a lender, but we are not a bank. Banks have limited loan options. Banks typically have conservative loan guidelines. Banks are a one-stop-shop for all kinds of loans, checking accounts, savings accounts, money orders, and wire …

We Go the Extra Mile when Working with Realtors

Keelin Billue Gubbels Chicago Real Estate, Realtor

Realtors Trust Us. Your Clients will Love Us.  Also, We Have Cupcakes. It takes expertise to make the home buying process run smoothly. We strive to be one of the best residential mortgage bankers in Chicago and differentiate ourselves from other mortgage lenders because of our boutique size. All aspects of the residential lending process occur in house at CFS. …

How Long Does it Take to get a Mortgage?

Keelin Billue Gubbels Chicago Real Estate, Interest Rates, New Home Buyer, Refinancing

The usual time frame is 2 to 4 weeks. Here are the steps: 1. Mortgage Application Your mortgage application can be made over the phone, in person, or online. Be sure to provide detailed information about your annual income, current assets and liabilities, and property value. Your CFS mortgage consultant will help pick the loan product that best suits you …

What Documents do I Need to get a Mortgage?

Keelin Billue Gubbels Chicago Real Estate, New Home Buyer

Usually the underwriter needs a copy of your most recent W2, pay stubs for 30 days, and bank or brokerage statements verifying your ownership of the required funds to cover the down payment and/or closing costs and escrows. In addition, if you are self-employed, the most recent two years of federal tax returns (and occasionally corporate tax returns) are required. …