Only 5% Down on a Jumbo Loan

CFS Staff 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

CFS Staff 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 …

FIRST TIME HOME BUYER PROGRAM

Mike Rzadzki Mortgage, New Home Buyer

Do you want to buy a home, but don’t have much money to put down?                   Are you in a household of 2 or less and make less than $79,432?                   Can you find a home for under $344,819 in Cook County?                    Then the 1ST Home Illinois Mortgage may be the loan for you!   If you are …

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 …

Get Pre-Qualified BEFORE you Search

Mike Rzadzki Mortgage, New Home Buyer

I am a Residential Mortgage Loan Officer and want to help you BEFORE you start shopping for a home or Condo. Over the phone I can review your financial condition and then issue a pre-qualification letter that will satisfy a seller or agent when you make an offer to purchase. I will run your credit report to give you a …

It’s Worth it to Refinance

Mike Rzadzki Interest Rates, Mortgage, New Home Buyer, Refinancing

I am a Residential Mortgage Loan Officer and want to give you some reasons for refinancing your current mortgage. Here’s the first one… YOU CAN SAVE A BUNCH OF MONEY! Even 1% Makes a Difference Here are some examples of the potential savings for a mortgage with a balance of $200,000 and a difference in rate of only 1%… $983.88 …

The Three C’s of Credit

CFS Staff Mortgage, New Home Buyer

To get a loan, you should have a good credit score.  Your score is based on a variety of factors.  The Three C’s are the general factors to keep in mind to develop and keep a great credit score.  They are Character, Capital, and Capacity. Character This is basically a lender determining if you will meet your financial obligations.  Charater is based …

How to Use a Gift for your Downpayment

CFS Staff Mortgage, New Home Buyer

To buy a home, you need a downpayment.  The more money that you can put down, the smaller the amount you will need to finance.  A downpayment also reflects on your ability to repay a loan, so it makes sense that it should be your own money and just not a gift from someone else. Coming up with that initial amount can …