Mortgage Loan Calculator

Use this Mortgage Loan Calculator to estimate your mortgage payment! mlcalc_default_calculator = 'loan'; mlcalc_currency_code = 'usd'; mlcalc_amortization = 'year_nc'; mlcalc_purchase_price = '300,000'; mlcalc_down_payment = '10'; mlcalc_mortgage_term = '30'; mlcalc_interest_rate = '5.5'; mlcalc_property_tax = '3,000'; mlcalc_property_insurance =... [Read more...]

Looking for a way to buy a home affordably?

The Illinois HOME START program offers below-market interest rates and down payment assistance to first-time homebuyers and veterans.  Eligibility for each program is based upon household income, family size and the sales price of the home.  HOME START 30-YEAR FIXED RATE LOAN is FHA insured and available at rates below the 30-year fixed market rate HOME... [Read more...]

BETTER CREDIT SCORE, CHEAPER HOUSE PAYMENT

A family put a 3.5% down payment on a $172,900 house with a resulting loan of $166,850.  Here is what their bottom line would look like… Score Rate Monthly Payment Total Cost 760+ 4.981% $893.75 $326,900 700-759 5.203% $916.50 $335,090 680-699 5.380% $934.83 $341,689 660-679 5.594% $957.22 $349,749 640-659 6.024% $1002.93 $366,205 620-639 6.570% $1062.30 $387,578 Less... [Read more...]

Ever driving by a home for sale sign and wonder

How much it is?.. Or how many bedrooms/baths it has, but don’t want to talk to anyone?.. Text DeborahCassidy to 74558 or go to http://remaxshowcase.sikku.com/app/signup/new.aspx?ipid=259941 to register. You will be sent a text with all of the information and photos too!  Read More →

Becoming Pre-Approved

Information Needed for Your Mortage Application Copies of last 2 years W-2’s (for each borrower) Copies of most recent month’s paystubs (for each borrower) Copies of all assets: All pages of the last 2 or most recent quarterly statements including but not limited to savings, checking, money market, investment, retirement, 401K’s,... [Read more...]

First, Are you READY to Buy?

Four Big Questions: If you answer “YES” to the following questions, you are probably ready to buy a home: 1.  Do you have a steady, reliable income?       In other words, have you been employed on a regular basis for the last 2       years and do you expect to maintain employment? 2.  Do you have a good record of paying your... [Read more...]

Fed Making the Mortgage-Lending Process Clearer

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New FHA Limits

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