Chris Jones | Chicago Jumbo Loans | FHA Conventional | Condo Lender's Blog

Are Jumbo Loan Making a Comeback?   The underwriting is still tighter on jumbo loans than conventional or FHA financing, but lenders and investors are increasing their appetite for solid borrowers that are willing and able to fully document their income and assets.  Jumbo Loan Interest Rates are...

Don't Wait to Lock Your Mortgage Rate!  You may have heard about the new Guaranty Fee that was passed by Congress at the end of December, 2011.  The Guaranty Fee for all GSE's, or Government Sponsored Enterprises was increased by 10bps in order to pay for a temporary 2 month extension to the payr...

  Adjustable Rate Mortgage Rates are a bargain.  Unless you have been under a rock for the past few years, it is likely you have heard that fixed rate mortgages have been at record lows for a number of months.  However, what you may not have heard is that adjustable rate mortgages are at a barga...

I thought this was an excellent post for homeowners worried about appraisals.  After all, we all hear the horror stories, and being in the business this is useful information I would share with consumers, in a way that they will understand.How To Prepare for a Home Appraisal You’ve just signed al...

Housing and Mortgage Rates continue to dominate the headlines.  As 2012 begins, mortgage rates are at record lows and there are plenty of experts that are weighing in on where they are going in 2012.  The housing market finished strong and mortgage rates closed 2011 at some of the lowest points o...