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 …

Staging My Home to Sell

CFS Staff Chicago Real Estate, Realtor, Refinancing

Ok, so you need to sell your home.  You figure you just need to tidy up and let potential buyers see your house.  WRONG. Once you decide to sell your house, you need to let the buyer see it as their home, not yours.  Staging a home highlights its strengths, downplays its weaknesses, and gets the buyer picturing themselves living in the home. All …

The Biggest No-Brainer in the History of Mankind: A Smart and Easy Way to Save THOUSANDS

CFS Staff Interest Rates, Mortgage, Refinancing, Uncategorized

With today’s low interest rates, the average homeowner may save hundreds a month or tens of thousands of dollars over the lifetime of a loan just by refinancing.  It sounds too good to be true, but it’s totally true.  In fact, refinancing your mortgage to a lower rate is a NO-BRAINER.   “Households that fail to refinance when interest rates …

Cash-Out Refinance

CFS Staff Mortgage, Refinancing

What Is a Cash-Out Refinance? Homeowners do cash-out refinances so they can turn some of the equity they’ve built up in their home into cash.  A cash-out refinance is refinancing an existing mortgage, but the new mortgage loan is for a larger amount than the amount still owed, and you get the difference. Here’s an example.  Let’s say you own …

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 …