Illinois Mortgage Specialist
Whether you’re looking to buy a
home, refinance your current mortgage, or open a home equity loan, I can
assist you with all your mortgage needs!
Teamed with Milestone Mortgage Solutions, together we offer years of
experience, an excellent support staff, and many lenders offering a variety
of mortgage options. We do all we can to make your mortgage experience as
pleasant as possible.
HARP MORTGAGES--I've been swampped with questions regarding President Obama's "Home Affordable Refinancing Program" ...commonly refered to as HARP.
The President announced losened guidelines for HARP eligible refinances, including higher or unlimited LTV's (Loan to Value), lower fees charged by Fannie Mae and Freddie Mac, which would result in a lower interest rate to the borrower, and ...potential losened guidelines regarding appraisals and credit blemishes.
The next step is for the banks to get on board and offer the program to brokers like myself, so I can start to refinance qualified home owners.
So far I do know that credit score and Debt to Income ratios (DTI) will be used to determine if you are eligible. Your loan must be owned by Fannie Mae or Freddie Mac prior to May 31, 2009. You must be current on your mortgage with NO lates in the last 6 months.
HARP programs are not law, and banks are not required to follow any proposed changes.
I will be working with all my investors as the programs roll out.
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- 10-15-20-30-40 years fixed mortgages
- Financing Up to 96.5% (100% for Veterans)
- Adjustable Rate Mortgages (ARM)
- FHA/VA
- Interest Only
- First Time Home Buyers
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New Home Purchase - Fast, reliable service, with honest answers to your mortgage questions. Our in-house underwriting staff can turn loans from start to finish in as little as 2 days! Fast pre-qualifications to let you know how much home you can afford. Realtors love seeing me at the closing table!
Refinance - Lower your interest rate. Lower the term of your loan. Convert your adjustable rate to a fixed rate. Reduce or eliminate Mortgage Insurance (PMI). Receive cash for expenses, vacations, to open a business, etc…
Debt Consolidation - Transfer high interest credit cards, car loans, or other expenses into a tax deductible mortgage at a lower interest rate.
