IMPORTANT! IMPORTANT!
Click here for our our
It will quickly give you a picture of both OWNER-OCCUPIED and NON-owner occupied financing. It also shows how loan programs and down payments vary by size (2-flat vs. 3- or 4-flat).
Also, on our SALES DATA page, you will find a 'must reading' report on "Where is the market is headed?" It will document for you the extent to which the mortgage melt-down slowed sales in our market.
We at Chicagoland2to4Flats.info believe the most important thing that the Chicago real estate market needs right now is a better flow of mortgage money. Our hope is that the recent government action (which includes modernizing FHA loans) will help.
We do NOT want a return of predatory lending. We do NOT want to see the return of ‘exploding ARM’s’ (volatile loans approved based on a low intro rate that the lender KNEW were going to explode to an unaffordable levels). We do NOT want the return of fabricated loan applications (stated income way above reality, etc.).
We do want to see REASONABLE lending guidelines!! Click below to download our Mortgage overview:
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Guaranteed Rate is our lending partner:
Since their founding in 2000, Guaranteed Rate Inc has grown to become the largest independent mortgage company in the Midwest. They’ve been able to achieve this growth by following the simple idea of providing a streamlined mortgage experience for clients combined with the lowest possible rates.
Outstanding customer service is the benchmark by which Guaranteed Rate measures their success, and their guarantee of the lowest rates available ensures that clients can realize their home ownership goals. They are continually investing in technology, training and product development to streamline the entire mortgage process from application to closing--and we are pleased to report that our main contact at Guaranteed Rate is Brian Weis (direct phone: 773-290-0591), who is a highly experienced mortgage lender and a Vice President of Mortgage Lending at Guaranteed Rate.
Many mortgage lenders claim to be able to provide both great customer service and the lowest rates but at Guaranteed Rate they actually deliver on that promise.
Click here for their website: http://guaranteedrate.com
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Click on the picture to the left to see our unique Property Analysis
Worksheet (then go to the Tools / Resources tab so you can register for free, unlimited access to this worksheet).> Contract to Close: What Happens When
