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credit: Protecting your credit during Seperation or Divorce - 09/04/07 10:14 PM
Divorce is never easy, whatever the reason it's a major change in your life. Even the most amicable divorce can get messy as some point.   It's important to remember to protect your credit you've worked to hard to establish.
During a separation or divorce a breakdown of communication is common.  A promise once made to make payments on bills can go unfulfilled.  A spiteful spouse can max out credit cards.  It is important to know what bills are outstanding and what is in both names.
If you are proactive and know what is on your credit, you wont have to start … (26 comments)

credit: ARM Adjusting? | Illinois Mortgages - 08/19/07 09:32 PM
                                                                             
For many who purchased homes or refinanced old loans with adjustable rate mortgages [ARMs] several years ago, those incredible introductory rates are about to end.  As three-year introductory rates end and five-year adjustments begin to appear on the horizon, now is a good time to consider your options. 
The first interest rate adjustment on an ARM is sometimes shocking and can result in a sudden increase in the amount of your mortgage payments.  Borrowers with outstanding second mortgages or home equity loans might want to consider refinancing into a single, fixed rate loan.  The new rate could easily be less than … (9 comments)

credit: Illinois Mortgage Lender warns Protect your credit ~Part 2 - 06/19/07 09:41 PM
 
Protecting yourself when falling victim to identity theft
Place a freeze on your credit with all 3 credit bureaus.  To place a freeze on your credit the credit bureaus will ask for a copy of your police report must be provided to show that you are a victim of identity theft.  When a freeze is placed on your credit, none of your credit information can be shared with potential creditors.  You can place a freeze on your credit to also avoid identity theft, however you will have to remove the freeze to apply for credit.  Placing a freeze on your … (8 comments)

credit: Illinois Mortgage Lender asks ~ Who is using your credit? ~part 1 - 06/19/07 08:48 PM
Identity theft is the fastest growing crime in the country.  The internet has been the fastest growing avenue for identity theft, and is difficult to find or catch the thief. Identity theft can happen to anyone. 
Thieves will:
Steal a purse or wallet containing personal information and credit/bank cardsSteal mail, including bank and credit card statements, pre approved credit card offers, new checks or tax informationComplete a change of address to divert mail to another locationRummage through your garbage for personal informationUse personal information shared on the internetSend emails posing as a legitimate company requesting personal informationSteal files out of offices where … (10 comments)

credit: Testing the Illinois Mortgage Lender - 06/07/07 10:50 PM
While in the office today the receptionist asked if I would help a man on the phone looking for a loan officer.  She told me that when asked if he had a loan in process, he gave her a very firm, "that is none of your business".  I expected my conversation with this man to be interesting but not as difficult as it turned out to be. 
Below is a shortened version of the conversation:
Me: This is Kim, can I help you
Caller:  Can you give me your definition of Affordable Housing?
Me:  That is a general question; I can give you the … (16 comments)

credit: Credit Bureaus selling our mortgage clients information! - 05/15/07 12:07 PM
As a normal part of applying for a mortgage, a lender will pull your credit in order to pre-approve you for a home loan.  This simple act of pulling your credit sets off a trigger at the major credit bureaus to flag your name as a "hot" lead.  The bureaus then sell your name and contact information to other mortgage brokers and lenders who begin their own campaigns to win your business.  The credit bureaus claim that this practice gives consumers better options and increases competition among mortgage companies.  In reality, this ill-conceived idea has opened a new door to loan … (15 comments)

 

Kim Murphy | Mortgage Loans in DuPage, Kane, Cook, Lake, Will Counties Illinois

Carol Stream, IL

More about me…

1st Advantage Mortgage, LLC

Address: Dupage, Kane, Lake,Will, Cook Counties, IL

Office Phone: (630) 376-0527

Cell Phone: (630) 235-3917

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