Gil Kerkbashian

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Mortgage and Lending - NMLS197757 - 197757
Illinois' Best Closing Ratio Loan Officer 2011 -2013. Make sure your transaction closes with the least amount of hassles. Secure your prequalification today with Gil Kerbashian NMLS197757 One Page Loan Application: www.realestateloans.com/gilsapp.pdf
RECENT BLOG POSTS
Prorations are a common concern among real estate buyers and refinancers. When a new real estate buyer comes onto record during a new home purchase loan, or when a new refinance loan is established through a mortgage refinance, what happens to the taxes that have been paid? Who pays the taxes tha...
04/17/2014
FHA home loans will now require a 3.5% downpayment from homebuyers (see HUD mortgagee letter below). Some banks implemented the downpayment increase late in 2008 and others are waiting to January 2009 to do so. How can some banks implement the increase in downpayments prior to January? HUD allows...
04/15/2014
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Some lenders are implementing OFHEO changes starting in 2009 with conventional loan appraisals. These changes to mortgage appraisal orders are related to; who orders the appraisal, and through what type of appraisal entity the order is submitted. FHA appraisal are outside of the OFHEO scope which...
04/10/2014
FHA ( Federal Housing Administration ) calls their loan amounts "the maximum insurable mortgage". These loan limits are published on their website at hud.gov. Anyone that wants to know how much they can borrower within their county can find this information very easily at HUD's website. You can s...
04/07/2014
A little known and often unused tool with FHA mortgages when purchasing real estate is called a seller contribution. Buyer and seller markets come and go and you'll gain the most traction with this tool, in a buyers market. Yes, it may also work in a sellers market if the seller is motivated for ...
04/07/2014
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The FHA co-borrower option is just one of the many benefits to using the FHA home loan program. Many borrowers aren't able to qualify for a home mortgage without a co-borrower. Often times you'll have a newly married couple and their parents want to do a favor by helping them purchase a home of t...
04/07/2014
Buying a home can be an exciting and intimidating process. With an downpayment assistancde loan from Gil Kerbashian, I strive to make the process as streamlined as possible so you can achieve your goal of homeownership. Scroll below for an overview of each loan type and find the program that is r...
04/02/2014
Interested in rehabing a home? Possibly interested in new appliances, flooring, paint, upgrading a property but don't have the additonal money needed after the loan closes? Then you're probably a great candidate for the FHA 203k or 203ks. FHA will allow you to buy and home and get the money you n...
04/02/2014
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    FHA is an acronym for the Federal Housing Administration. This agency is overseen by the Housing and Urban Development department. HUD is directly and indirectly involved in many of the countries housing related entities such as FHA, VA, FmHa, Section 8, Fannie Mae, Freddie Mac, RESPA and mo...
04/01/2014
As of this writing the FHA loan program has become over 30 percent of residential loan production nationally. The current financial climate mandates that FHA be the benchmark loan program. Though we as a nation are trying to move away from a national mortgage and financial crisis, we are now movi...
03/31/2014
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Gil Kerkbashian

Illinois, California, Wisconsin
smartphone(847) 873-7295
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