Chicago Mortgage Low Rates

Bought a Home But why do I have More Bills?

Keelin Billue Gubbels News

When you buy a home please consider these additional expenses: Real Estate Taxes – No one likes paying taxes but now you are a homeowner, and the government wants a piece of the pie. Homeowner Insurance – You now own a big expensive home, and you need insurance for all the “surprises”  coming in the near future. Furniture and other …

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 …

To Rent or To Buy, That is the Question…

Keelin Billue Gubbels News

Ask yourself: 1) How much do I have saved?   The min down payment is zero VA, 3 IDHA, 3.5 FHA  and 5% Conventional.  Do you have the min? 2) What is my budget?  Owning a home is not cheap plus you have “other BILLS” before owning.  Can your budget take on more expenses? 3) What is my credit profile?  Good …