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home loan: Do you want to close, or tell you what you want to hear? - 09/14/07 09:37 PM
When shopping around for a mortgage rate and program, if it sounds too good to be true it probably is. Just like anything else. By fault I analysis everything. When I have a client that is looking to refinance or purchase a home, with an unusual situation I will try to come up with every possible situation or problem that could occur.
I don't have a problem with a client shopping me with another company, but sometimes I find that they return with off the wall information. Sometimes programs that no longer exist are offered by other lenders, or rates that are untouchable by any lender. This … (29 comments)
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home loan: Renting vs Buying ~ what's best for you asks a Lombard Mortgage Lender - 07/08/07 01:18 AM
You will save more money when you buy a home. Purchasing a home is one of the best and biggest investments you will ever make. Real estate has always been a great investment. In the example below you will see how you can actually save money by purchasing a home.
Compares renting versus buying based on desired monthly spending amount and other factors.
Compares renting versus buying based on desired monthly spending amount and other factors.
Mortgage Analysis
With your monthly payment of 1,800.00 and a 30 Year Loan at 6.75 %
You will have a loan of $ 277,521.63
Adding your Down payment … (4 comments)
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home loan: Buying a home in Illinois? ~ 10 things you NEED to know! - 07/07/07 11:31 PM
Buying a new home is the biggest investment you will make. There are many misconceptions when it comes to purchasing a home. I have listed 10 things you NEED to know when buying a home. When working with a mortgage professional you should have more than one loan option to choose from. It is always best to talk to a mortgage professional before looking for a home. This will allow you to get pre-approved so that you know what payments are comfortable for you, and can look at home in that price range.
10 things you NEED to know when Buying a Home
You … (4 comments)
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home loan: Dont judge a book by its cover!- From a Tattoo sportin', Harley ridin' Mortgage lender in Illinois - 06/28/07 01:15 PM
Do you judge a book by its cover?
What does your cover have on it?
Should it matter?
While browsing the new blogs today, I came across Bill Cherry's blog Whats going on here.
Curiosity got the best of me...I had to check out Tattoos for Ladies- The answer. After reading the mixed reviews on this blog I felt I had to post on this.
I am a tattoo sportin', Harley ridin', weekend campin', oil changin', house cleanin', MOM and Mortgage Specialist that can write a loan just as good as the man dressed in the 3 piece suit or the woman dressed to the … (50 comments)
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home loan: Mortgage Lender in Illinois asks ~ Do you want a pre approval or pre qualification? - 06/26/07 11:39 PM
Do you want a pre approval or a pre qualification?
What's the difference?
A pre qualification will tell the Realtor that you have talked with a mortgage lender, given your income, current debt information and how much you will be using for down payment. The seller of a home you may be interested in purchasing, would prefer you to be pre approved.
A pre approval will tell the Realtor and the seller that you have provided much more than just the basics.
A pre approval should require you to provide documentation and the approval from you to pull a current credit … (20 comments)
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home loan: Mortgage Lenders and Realtors ~ Are you in love? - 06/21/07 02:00 PM
Today driving into the office I was thinking about my job as a mortgage specialist, loan officer, loan originator, mortgage lender....whatever title I have been introduced as. I began to realize, as I have many other times during my 10 years of doing my job, how much I LOVE MY JOB!
Where else can you work to make dreams come true for a family? Where else can you help someone lower monthly payments so that they can keep their heads above water, or get them some extra cash to help pay for college, go on a dream vacation, buy a car etc? … (28 comments)
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home loan: MORTGAGE LENDER WARNS BUYER BEWARE! - 06/21/07 12:14 AM
Our current mortgage company along with many other mortgage companies these days are working hard at getting our business by way of a refinance or home equity loan.
I have opted out so the amount of mail has really slowed down as well as the phone calls due to putting our number on the do not call registry.
However, the other day we received a phone call from our current mortgage company, my husband took the call and informed the man on the other end that I was a mortgage lender and that I would take care of financing. The next … (13 comments)
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home loan: Illinois Mortgage Lender asks ~~ Home equity vs HELOC whats the difference? - 06/13/07 12:11 AM
Recently I have received a huge increase in the number of requests for home equity loans. Home equity loans are great for a number of reasons. With a home equity loan you can payoff current credit card debt, purchase a car, send a child to college, do home improvements, or just simply get a line of credit for emergency.
There are differences between a home equity loan and a home equity line of credit.
A home equity loan is a loan created by using the some or all of the equity in the home, creating a 2nd lien on the property. With … (19 comments)
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home loan: DuPage County Mortgage lender asks Does your Mortgage Lender have a license in Illinois? - 06/12/07 11:12 PM
I am a licensed Loan Originator in the state of Illinois. What does that mean?
What this means is that I have had a background check, my credit pulled, completed and passed an exam, and have had at least 6 hours of continuing education each year. I am regulated by the state of Illinois. I have been given this license by the Illinois Department of Financial and Professional Regulation.
Does your lender have the credentials to originate your loan in the state of Illinois? Check out the IDFPR web site for the license information of your mortgage lender.
If you are looking for a … (8 comments)
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home loan: 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)
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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
Email Me
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