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 …

PMI Tax Deductions are Back

Keelin Billue Gubbels Mortgage, Mortgage News, New Home Buyer, News

Private Mortgage Insurance (PMI) was tax deductible, but that law expired…Now it’s back and covers 2015 retroactively. PMI is required if you only put down a small amount to buy a home, so it protects the lender against default. A tax package extends for 2015 and 2016 a provision that lets you deduct the cost of your premiums if you itemize your deductions. How much …

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 …

Tax Credit for Buying a Home

Keelin Billue Gubbels Mortgage News, New Home Buyer, Realtor, Uncategorized

Qualified homebuyers can get a tax credit for buying a home.  This can be claimed each year you live in your home.  Call us to apply at 312.642.7979. Here Are the Details: TaxSmart Mortgage Credit Certificate Program TaxSmart is a Mortgage Credit Certificate (MCC) program that provides a federal income tax credit to qualified homebuyers. A tax credit is a direct …

$7500 in Cash Assistance for Down Payment and/or Closing Costs from the State

Keelin Billue Gubbels Mortgage, Mortgage News, New Home Buyer, News

Funds are limited.  Contact us today! 1st Home Illinois First-time homebuyers in Boone, Cook, DeKalb, Fulton, Kane, Marion, McHenry, St. Clair, Will or Winnebago counties can get $7,500 in down payment assistance with an 30-year fixed rate mortgage. 1STHomeIllinois is tailored for first-time homebuyers, or anyone who hasn’t owned a home in the last three years and moving into one of the above …

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 …

Free Home Ownership Consultation and Mortgage Benefits. No Cost. No Commitments. Everyone Wins.

Keelin Billue Gubbels Employee Mortgage Benefit, Interest Rates, Mortgage News, New Home Buyer, Refinancing

Our new Employee Mortgage Benefit Program aims to help employees at strong companies like yours. We’re excited to visit your company to provide you and your co-workers with the proper home buying and financing information. There’s no charge and no commitments. First time homebuyers may find the task daunting, but CFS has all the information and expertise to make this …