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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
In a recent post, I talked about how an underwriter looks at a borrower's credit history, income and job history to determine how much of a mortgage they can qualify for. The other big part of qualifying for a mortgage is showing how much skin you have in the game, that is how much are you invest...
04/26/2008
Welcome to Illinois Mortgage Rates and News week in review for the week ending April 25th, my take on the week's financial news and how it affected Illinois mortgage rates.There were a lot of mixed signals in the mortgage backed securities markets this week, and the upshot is that we are back in ...
04/26/2008
Welcome to Illinois Mortgage Rates and News week in review for the week ending April 18th, my take on the week's financial news and how it affected Illinois mortgage rates.In last weeks review I said that the calm in the mortgage backed securities market was unlikely to last, and that I expected ...
04/19/2008
Are you just starting to look for a home in the Chicago area, and wondering how much of a home you can afford? There are all types of rules of thumb for how much of a home you can qualify for, but rules of thumb are simply estimates, not guidelines. It used to be that there was a hard set formula...
04/16/2008
In the mortgage industry, the present is looking more and more like the past. Back in 1992 when I first got into the mortgage business, George Bush was finishing his last year in office (though he didn't know it at the time), a Clinton was running to take his spot and Brett Favre had just been pi...
04/11/2008
Welcome to Illinois Mortgage Rates and News week in review for the week ending April 4th, my take on the week's financial news and how it affected Illinois mortgage rates. This week was a good example of how bi-polar our financial markets have become. At the beginning of the week UBS, one of the ...
04/05/2008
In my last post, I talked about how it is still possible to buy a home here in the Chicago area with no money down with FHA financing combined with a Down Payment Assistance program like AmeriDream or Nehemiah. But even if you are able to buy with no money for the down payment, there are still ot...
04/03/2008
Now that it's April, I think it is finally safe to say winter is over here in the Chicago area. It's been a long hard winter, and spring couldn't come a moment to soon. But the baseball season has officially started, the sun is out and my phone is ringing with first time home buyers who are ready...
04/02/2008
Welcome to Illinois Mortgage Rates and News week in review for the week ending March 28th, my take on the week's financial news and how it affected Illinois mortgage rates.There is a certain kind of action movie where the hero (heroine?) moves from one disaster to another, each time escaping just...
03/29/2008
Here in the Chicago area we are starting to see the first signs of Spring. The days are getting longer, the air is warmer (for today, anyways), and people seem to be smiling more. For those of us in the real estate and mortgage fields, one of the major signs of Spring is when first time home buye...
03/25/2008
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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