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refinance: Help!!!! My Credit Score Sucks! - 03/27/08 10:01 PM
In today's credit driven society, it is imperative that we begin to understand and leverage one of our most personal assets, "Credit." In short, your personal credit score is a key component used to determine if you are a good risk to lending institutions. Moreover, it will determine how much you will pay for items you finance, including a new home, an auto, and even insurance premiums for these items. However, credit is also a factor in determining your career options, and the ability one will have in pursuing career aspirations in any kind of financial service related field. In … (2 comments)
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refinance: How Much Home Can You Afford? - 03/09/08 10:17 PM
How Much Home Can You Afford?
The single most important part of buying a house is figuring out how much you can realistically afford to pay.You'll have to take a good look at your budget, debts, credit reports, and credit score. Once you have a good picture of your financial status, start saving as much money as you can for a down payment, closing costs and other extra expenses that come along with buying a house. Extra expenses could include paying for a home inspection (around $300 - $500 depending on where you live) or hiring a moving company after the … (0 comments)
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refinance: Oprah's New Book Pick 3.5 Million Sold!!!! - 02/28/08 11:31 PM
I'm not sure if any of you have read Eckhart Tolle's book, A New Earth, but it is climbing the charts fast. 3.5 Million copies have been sold thus far. Being a Chicago native I have to say that I love the positive impact that Oprah is having on the world and in millions of people's lives. If you've read her new book pick please share your thoughts with me. It is reported as the fastest selling book ever at Barnes and Nobles. She is also offering an online course for 10 weeks which sounds pretty cool too! I am just … (4 comments)
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refinance: Electric Bill Credit Disbursement! Have You Heard? - 02/28/08 10:06 PM
I received a great e-mail today from a fellow Realtor partner that I thought I would pass along to anyone who was interested. If you were an active ComEd (CommonWealth Edison) customer in 2007 between January 1st and August 31st you can apply for the lump sum General Assembly Rate Relief Credit. It appears that this is an effort to help customers who are now experiencing new rates that took effect in January in Illinois. There is a form that needs to be filled out and sent in from the primary account holder. If you are eligible the form states … (4 comments)
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refinance: 100 New Prospects in Less than 5 Days!!!!! - 02/27/08 09:36 PM
This post is just to give hope to everyone in the business and to the media and to those who think the Real Estate Market is dead and to the buyers who are still waiting! I am in the Chicago Real Estate Market and decided to think outside the box a little bit. I kept reading how mortgage applications were down and how even though interest rates were low, people still aren't biting. So, I thought I would share a marketing strategy with you to help you generate some business both on the Real Estate Sales side as well as the … (7 comments)
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refinance: Is Your Mortgage Professional Really a Professional? - 02/13/08 01:16 AM
In today's ever changing market it is extremely important that buyer's and realtors work with a MORTGAGE PROFESSIONAL! I can't begin to tell you how many times I get a disgruntled client on the phone who has been through numerous originators who call themselves professionals. This post is not to bash those of us who are out there working and really making sure our clients have the best service possible. However, it is to give those who are looking to build new relationships and buyer's looking to purchase a home or investment a few tips, so here they are:
1. Ask … (8 comments)
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refinance: Low Interest Rates....Massive Inventory! Win-Win for Buyers! Pt.1 - 02/06/08 04:09 PM
If you have thought about purchasing a home or are contemplating a move soon, now may be a good time to get the process rolling. Although the media is constantly talking about "The Mortgage Meltdown" and "Increasing Foreclosures" what they have failed to say is who this market actually benefits, so let me help them out.
We are currently experiencing mortgage rates at an all time low! This means that as opposed to one to two year's ago, buyers have the opportunity to save ten's of thousands if not hundred's of thousands of dollars on the life of their … (0 comments)
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refinance: New Construction Bronzeville! - 02/05/08 12:12 AM
<script src="http://track3.mybloglog.com/js/jsserv.php?mblID=2008020423030777" type="text/javascript"></script> … (0 comments)
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refinance: Looking for New Construction in South Shore? - 02/04/08 11:53 PM
… (0 comments)
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refinance: Here we go again.....FICO & The New Credit Scoring Model - 02/02/08 11:25 PM
Back in June a new credit scoring model was announced, but the rollout date was not supposed to be finalized for sometime. It's looks like we are quickly approaching that time and here's what we know thus far.
1. Scores will still range from 300 to 850.
2. It will still take into account the same factors as before, such as timely payment history, length of credit history, amount of debt, and ratio of debt available to credit.
3. The big changes include: Authorized User's. An individual will no longer get credit (receive an increase) in their own credit score as the result … (8 comments)
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refinance: Foreclosure.....HELP! - 02/01/08 03:25 PM
"5 Ways to Save You or Someone You Know from Foreclosure, w/o getting scammed!"
Problem: In 2007, homes in foreclosure were up 79% an alarming rate.
Reality: This is such a personal tragedy, that many people don't reach out for help until it's too late, and then they don't know where to look, if they don't just give up at all.
Invitation: GET HELP! Don't lose such a valuable asset that you have worked so hard to achieve.
Solutions:
Start with your mortgage company. Most lender's DO NOT want your home, is too costly for them. They have work out options available.Ask a family member … (3 comments)
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refinance: New Internet Radio Show Today!: Building Wealth Through Real Estate - 01/09/08 09:26 AM
I want to invite you to listen in on my talk show.Yes,you heard that right, I have my own talk show. Get all the juicy details about it by clicking on the following link www.blogtalkradio.com/ceceliaknowsmortgagesShow starts at 11am CST
Cecelia Marlow - Senior Mortgage Consultant
… (1 comments)
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refinance: Want Your Own Free Radio Show? - 12/07/07 09:34 AM
It's so great to surround yourself with individuals who are helping to sharpen the saw. A good friend of mine emailed me a couple of weeks ago and sent me a link inviting me to listen in to her own personal radio show. As I prepared to listen to it this week, I logged on and found out that anyone can actually have their own show and best of all it's FREE! So, I'll be kicking off Cecelia Knows Mortgages at the beginning of the year, a weekly show designed to empower individuals and families around their finances and homeownership. … (6 comments)
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refinance: Understanding Credit Repair, Is It for You? - 12/04/07 02:27 PM
In a time where the credit crunch is affecting the real estate market, I wanted to share some information with you regarding a company I work with to help individuals restore their credit.
If you have other questions, please feel free to call me: Cecelia Marlow 773-782-6000
Frequently Asked Questions
Credit Restoration Q&A
Who can the CreditTRAX Credit Restoration program help? The CreditTRAX Credit Restoration Program can help anyone looking for or needing third party assistance in attempting to resolve their current or past credit problems. No matter what your current or past credit situation is, there is always something that can be done to improve it. Unless … (0 comments)
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refinance: Hope maybe in sight for clients with ARM's due to reset! - 11/30/07 04:28 PM
An article I read today, stated that lenders are currently discussing a new program that would allow current borrower's to freeze their ARM's due to high rates of foreclosure. The Initiative is called HOPE NOW. Some of the participating banks include Bank of America, Citigroup, Inc, Countrywide Financial Corp., Fannie Mae and Freddie Mac, JP Morgan Chase & Co., just to name a few. It appears that the long term effects of increasing foreclosures are causing more conversations revolving around solutions. If you'd like to read more please click the link below. Quick read! Just keeping you informed. Sounds like … (1 comments)
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refinance: Bad Credit? I Dare You! - 11/29/07 11:00 PM
I've learned in my years of experience as a Mortgage Broker, that there are typically two things that hinder people from buying a home, lack of fiscal management (BAD CREDIT) and lack of fiscal management (High DTI). So, if there was a way to help individuals who really wanted to increase their credit score and or reduce their debt, would you be interested in doing so. Of course you would, that would mean more homes sold and more loans closed, so here are a few tips.
1. All consumers are entitled to one free credit report per year. Visit www.annualcreditreport.com, while … (3 comments)
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refinance: Do You Have a Broken ARM? - 11/29/07 09:17 PM
With approximately 31% of loans originated in 2005 being Adjustable Rate Mortgages and an estimated $1 Trillion dollars in mortgage debt due to reset this year, I wonder how many past customers have been called this year to just simply say, "How are things going?" Sometimes, it's difficult to call clients with whom we haven't kept in contact with over the years, however, I bet if you started the conversation by asking them if they have a broken ARM? It would totally relax the person on the other end. Here are a few reasons why past customers should be called.
1. … (24 comments)
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refinance: New FHA Secure Program! - 11/17/07 05:47 PM
FHA is currently doing a significant business in refinancing non-FHA mortgages. The program is designed to help homeowners, who previously demonstrated the ability to make timely monthly mortgage payments prior to their reset of an Adjustable Rate Mortgage (ARM) an opportunity to refinance into a prime-rate FHA-insured mortgage. In many cases homeowners may be permitted to include mortgage payment arrearages into the new loan amount, subject to existing geographical mortgage limits and the loan-to-value limits.
Eligibility Highlights
1. The mortgage being refinanced is a non-FHA ARM that has reset.
2. 6 months of current mortgage payments prior to the ARM reset.
3. It must be determined that … (4 comments)
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Cecelia Marlow
Chicago,
IL
More about me…
Chicago Bancorp
Address: 300 N Elizabeth, FL 3E, Chicago, IL, 60607
Office Phone: (312) 738-6294
Cell Phone: (773) 547-3677
Email Me
Real Estate Information an Education
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