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 …

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 …

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. …

What Items are Considered Closing Costs?

Keelin Billue Gubbels Mortgage, New Home Buyer

Closing costs include but are not limited to fees for appraisal, credit report, tax service, processing, underwriting, document preparation, flood certificate, funding, title insurance, title closing, recording, attorney and transfer tax. You usually pay them at the time that you close on your mortgage. Most of the time, the home buyer who pays them.  Sometimes with loans such as VA loans, …

Why is My Credit Score Only…

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

Many times a borrower has asked “why is my credit score only ###”?   The answer will depend on the credit profile – here’s the breakdown: 35% – payment history : paying your bills on time is 1st primary factor 30% – amount owe/ credit balance : not having all your credit cards max out/close to limit is 2nd primary factor 15% – length of your credit …