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Mortgage, first time home buyer mortgage, jumbo mortgage, chicago mortgage, conventional mortgage, no down payment mortgage, FHA mortgage, conventional mortgage, low down payment mortgage, mortgage rates, best mortgage rates, mortgage banker, Dupage county, Glen Ellyn, Lisle, Downers Grove, Wheaton, Winfield, Lombard, Addison, Aurora, Batavia, Bloomingdale, Bolingbrook, Carol Stream, Darien, Claredon Hills,Naperville, St Charles, Geneva, Oak Brook, Villa Park, Warrenville, West Chicago, Wrigleyville, Lake View
RECENT BLOG POSTS
For most Chicago area home buyers, the cost of FHA financing is about to go up. For years FHA had a one price fits all policy. As long as you qualified for an FHA mortgage you would get the same terms, whether you had a large down payment or small, and no matter what your credit score was, the mo...
09/02/2008
Welcome to Illinois Mortgage Rates and News week in review for the week ending August 29th, my take on the week's financial news and how it affected Illinois mortgage rates. Because this is a holiday weekend, (and I've had some computer issues as well) this is a shortened version of the update. I...
09/02/2008
Welcome to Illinois Mortgage Rates and News week in review for the week ending August 22nd, my take on the week's financial news and how it affected Illinois mortgage rates. This was another week in the mortgage bond market with huge volatility on a day to day basis, but an amazingly stable marke...
08/24/2008
When I first started in the mortgage business here in the Chicago area almost 2 decades ago, it was normal for a home purchase to close in 60 days. That is a long time, but it took that long to close because that's how long it took to get a mortgage approved. The financing contingency date (the d...
08/22/2008
The real estate market has had more than its share of bad news lately. Home prices are down, foreclosures are up and the outlook for the future is more of the same. From a big picture view the real estate market is miserable. But I'm seeing some signs here in the Chicago area that we may not have...
08/19/2008
Welcome to Illinois Mortgage Rates and News week in review for the week ending August 15th, my take on the week's financial news and how it affected Illinois mortgage rates. Over the last several weeks, mortgage rates have been going in a pattern, two steps forward - two steps back. Some weeks it...
08/17/2008
One of the biggest provisions of the recently signed housing bill is a first time home buyer tax credit of up to $7,500. This credit is available for anyone who has not owned a home in the last three years and is designed to jump start the housing market and give first time home buyers a reason t...
08/13/2008
If you are buying a home in Chicago or the Chicago area, an FHA mortgage might be your best financing choice. With   FHA there are two ways to get your mortgage approved. The first is through an automated approval. This is the way nearly all conventional loans are approved, and most FHA loans are...
08/07/2008
One of the provisions of the recently signed Housing Bill, was the elimination of the Down Payment Assistance Programs (DPAs) like Ameridream and   Nehemiah. These programs were a legal loop hole which allowed sellers, in a round about way, to fund the buyer's down payment and allow them use an F...
07/31/2008
The Housing Bill - The Housing and Economic Recovery Act of 2008 was passed by the Senate on Saturday and is expected to be signed into law sometime this week. The bill will actually take effect on October 1st. There have been a lot of rumors as to how this will shake out, but these are some high...
07/28/2008
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PeterThompson

Chicago Mortgage Insight
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Mortgage, first time home buyer mortgage, jumbo mortgage, chicago mortgage, conventional mortgage, no down payment mortgage, FHA mortgage, conventional mortgage, low down payment mortgage, mortgage rates, best mortgage rates, mortgage banker, Dupage county, Glen Ellyn, Lisle, Downers Grove, Wheaton, Winfield, Lombard, Addison, Aurora, Batavia, Bloomingdale, Bolingbrook, Carol Stream, Darien, Claredon Hills,Naperville, St Charles, Geneva, Oak Brook, Villa Park, Warrenville, West Chicago, Wrigleyville, Lake View