Today's Current Illinois and Wisconsin Mortgage
Rates
December 14, 2009
Current Illinois and Wisconsin mortgage rates daily
on our website and our blog. Rates are updated between
9:00 AM and 10:00 AM CST Monday through Friday and
are effective from the time published until 5:00
PM CST.
We quote conventional rates, jumbo, ARMs, rural
housing, VA and FHA mortgage rates for all of Wisconsin
and Illinois including major cities such as Chicago,
Milwaukee and Madison.
How
to shop mortgage rates
Mortgage rates trend for Illinois
and Wisconsin as of 12/14/2009:
Steady
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Monroe: Travel Wisconsin Series by Brian
Collins
December 5, 2009
Good Evening folks. I am starting a new series tonight which I will be filing
under Travel Wisconsin. I am very excited about this and hope you are too. If
you didn't know, and a lot of you do, I was born and raised a Florida boy until
late in 2008 when I moved to Wisconsin. Most family and friends in Florida
thought I was pretty nuts for moving up north in the frozen tundra, but I have
got to say, there is no place like Wisconsin.
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this entry »
Appleton FHA Loans
December 5, 2009
Appleton FHA mortgage loan requirements are
standards that allow first time home buyers the
opportunities to meet mortgage qualifications.
FHA home loans are easier to qualify for than
conventional loans. FHA rules impose limits on
some of the fees that mortgage companies may
charge in making a loan. Whether you're a first
time home buyer, moving to a new home or want to
refinance your existing conventional or FHA
mortgage, the Appleton FHA loan program will let
you purchase a home with a low down payment and
flexible guidelines.
Visit our website for other no money down loans
in Appleton, DePere, Green Bay, Menasha, Neenah,
Oshkosh and Fox Cities, including VA and Rural
Housing home loans at
http://www.madisonmortgageguys.com
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this entry »
VA Mortgage Loans with No Money Down
December 3, 2009
Wisconsin VA loans and Illinois VA mortgage
loans are guaranteed by the Department of
Veterans Affairs and are available to veterans
and those currently serving in the military.
They are often made with little or no down
payment.
VA loans are available either as a fixed or
adjustable rate and have recently added the
option of a 3 year or 5 year ARM. VA loans are
assumable, meaning that veterans can sell their
homes to non-veterans and afford the buyer the
benefits of a VA loan. The VA program is great
for veterans who want to purchase a Wisconsin or
Illinois property, especially if the veteran is
a first time buyer.
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this entry »
Wisconsin Mortgage Rates Lower Again: Is It Time
To Refinance?
November 29, 2009
After a long holiday weekend it will be interesting
to see what the market brings us come Monday. Last
week brought us the lowest Madison mortgage rates
for the fourth time this year. A conventional 30
year fixed was at 4.75%, while the FHA 30 year fixed
was at a historic low of 5%. Now you may have seen
rates advertised lower but these rates are without
any origination fees or points. Visit our rates
page for daily updates of current Wisconsin
mortgage rates.
Refinance loans are also available
in major Wisconsin cities including Appleton, Fitchburg,
Stoughton, Sun Prairie, Racine, Wausau, Green Bay,
Milwaukee and Madison.
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this entry »
No Money Down Mortgage
November 22, 2009
If you want a home mortgage loan, and want to see
if it's possible to get a no money down mortgage
loan, our professional and knowledgeable staff can
help guide you through the decision making process,
and educate you about your options for a Chicago
or any city in Illinois no money down mortgage loan.
Your Illinois and Wisconsin no money down mortgage
broker.
Contact us
for questions or additional information.
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this entry »
First Time Home Buyer Programs
November 15, 2009
As Chicago first time home buyers, we recognize
the sacrifices you make in an effort to save enough
money to not only make a down payment on a home,
but meet the total amount necessary to actually
close on your desired home loan. For instance, the
largest hurdle most first time home buyers in Chicago
face is saving the funds necessary for a down payment.
Did you know that nearly every state has a program
to help first time home buyers with the down payment.
Read the rest of
this entry »
VA Streamline Mortgage loans: Wisconsin and Illinois
November 11, 2009
If you are a Veteran, with an existing VA Guaranteed
Mortgage, you are entitled to an additional benefit
from The Department of Veteran Affairs when it comes
to refinancing.
This program is called a VA Interest Rate Reduction
Refinance Loan or IRRRL (VA Streamline Refinance).
Under this program, you can refinance your existing
VA mortgage loan without having to re-qualify or
have a new appraisal done. In fact, the full credit
report is replaced by a mortgage only credit report
or a verification of payment history from your current
lender for qualification purposes. This report shows
only your mortgage payment history and none of your
other credit or credit scores.
Benefits of a VA
Mortgage
Jumbo VA Mortgage
Information
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this entry »
Chicago VA Mortgage loans
October 20, 2009
Because of the funding fee, Chicago VA mortgage
loans do not require monthly mortgage insurance,
keeping your monthly payment lower. The main purpose
of the Illinois VA home loan program is to help
veterans finance the purchase of homes with favorable
loan terms and at a rate of interest which is competitive
with the rate charged on other type of mortgage
loans.
The more you know about our Illinois VA mortgage
loan programs, the more you will realize how little
"red tape" there really is in getting a VA mortgage
loan. VA mortgage loans are usually comparable to
regular mortgages only you save much more since
they don't require money down. VA mortgage loans
are also assumable or can be "taken over" by other
eligible veterans.
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this entry »
USDA Rural Housing in Wisconsin: No Money Down
September 3, 2009
Today I thought I would address some questions that
I hear a number of times each week. ”What is the
Rural Housing program?” and “Do I have to buy a
farm house?” Wisconsin's USDA Rural Housing program
is about helping people purchase a home in any of
the smaller communities throughout the state.
We will be discussing the Guaranteed
Rural Housing
program. The Guaranteed program is for low to moderate
income applicants to purchase a primary residence
in a “rural” area of the state. These mortgages
are processed, underwritten and serviced by a bank
or lender with certain “guarantees” from the USDA.
Read the rest of
this entry »
Jumbo Loans (Non Conforming)
October 11, 2008
Jumbo loans in Illinois and Wisconsin
come in all shapes and sizes, however unlike conforming
mortgages, the overwhelming majority of jumbo mortgages
are Adjustable Rate Mortgages, or ARM loans.
No money down jumbo programs are
generally not available, but instead require a minimum
of 5-10% down payment for a Wisconsin or Illinois
jumbo purchase or refinance mortgage including Chicago,
Madison and Milwaukee.
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