Negotiating Closing Cost Credits

Keelin Billue Gubbels Mortgage, Realtor

Seller closing cost credits are a common way to reduce the cash needed to close. They can be used to cover such things as lender fees, title fees, and even pre-paid factors such as daily interest and funding the escrow account. For example, let’s say you negotiate a purchase price of $300,000. You can then ask that it be $305,000 with …

VA Loans: Excellent Rates for Veterans’ Service

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

In order to get a VA Loan, you must first get a Certificate of Eligibility. We can usually help you obtain your COE through the Automated Certificate of Eligibility (ACE) system. Your periods of Service and other factors also determine your eligibility…we can help you with that. You will need to get us a copy of your DD Form 214, …

Only 5% Down on a Jumbo Loan

Keelin Billue Gubbels 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

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 …

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 …