chicago area mortgage: Illinois M0ortgage Rates Mortgage Week in Review - 05/17/08 09:55 AM
Welcome to Illinois Mortgage Rates and News week in review for the week ending May 16th, my take on the week's financial news and how it affected Illinois mortgage rates.
If you follow the news, it was a grim week with talk of natural disasters in Asia, an earthquake in China … (0 comments)

chicago area mortgage: Chicago Area Real Estate - How Do We Know When We've Reached the Bottom? - 05/14/08 05:40 PM
If you are in the market to buy a home or condo here in the Chicago area, you are probably a little bit nervous. On one hand, the property values are down and you are able to buy a home at a bargain price compared to where homes were selling just … (0 comments)

chicago area mortgage: Risk Based Pricing Means Rates Will Go Up for Many Borrowers - What You Can Do Now to Get The Best Mortgage Interest Rate - 12/01/07 10:34 AM
There is a new change in the mortgage market that will affect anyone who is looking for financing, whether for a purchase or a refinance. It is called Risk Based Financing, the idea that those borrowers with the best credit scores will be able to get the best mortgages rates, and those … (1 comments)

chicago area mortgage: How to Understand Credit and Improve Your Credit Score - Part 4 - Correcting Mistakes - 11/29/07 12:01 PM
In the first installment of this series, How to Understand and Improve Your Credit Score - Part 1, I gave an overview of how credit is looked at when applying for a mortgage. The second installment covered the factors that make up your Fico scores, one of the biggest issues in qualifying for … (5 comments)

chicago area mortgage: Are You Planning to Buy a Home? Plan ahead - 11/26/07 10:05 AM
I got a call yesterday from a prospective buyer, a first time home buyer who had just found his dream house. It was a referral and this was the first time I had talked with him.
We went over all the normal mortgage pre-qualification questions, and things were looking good. He was … (0 comments)

chicago area mortgage: How to Understand Credit and Improve Your Credit Score - Part 3 - 11/24/07 12:30 PM
In the first installment of this series, How to Understand and Improve Your Credit Score - Part 1, I gave an overview of how credit is looked at when applying for a mortgage. In the second installment I covered what makes up your Fico scores, one of the biggest factors in qualifying for … (2 comments)

chicago area mortgage: Where Are Mortgage Rates Headed From Here? Economy Sagging - 11/21/07 11:43 AM
These are some of the business headlines for the day:U.S. Stocks Tumble, Wiping Out S&P 500's Gain for Year Freddie Mac May Need to Raise $6 Billion to Boost Capital As Assets Drop   U.S. Leading Economic Indicators Index Fell More Than Forecast in October Home Prices Fall in a Third of … (1 comments)

chicago area mortgage: How to Understand Credit and Improve Your Credit Score - Part 2 - 11/20/07 11:51 PM
With all the changes in the mortgage market, having good credit is more important than ever.  In the first installment of this series, How to Understand and Improve Your Credit Score - Part 1, I gave an overview of the credit market. This installment we will go over Fico scores, one of … (6 comments)

chicago area mortgage: What Kind of Mortgage Do You Have? 34% of Consumers Don't Know! - 11/18/07 08:53 PM
The Chicago Tribune  had an article today which said that in a survey commissioned by Bankrate.com, 34% of the people did not know if their mortgage was a fixed rate or an adjustable. In a separate survey commissioned by the AFL-CIO, 49% of consumers with adjustable rate mortgages did not know … (2 comments)

 
Loan Officer: Peter Thompson - Chicagoland Mortgage Insight (Professional Mortgage Partners)
Peter Thompson - Chicagoland Mortgage Insight
Downers Grove, IL
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Professional Mortgage Partners

Office Phone: (630) 598-2375
Cell Phone: (630) 479-6424
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