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Today's Current Illinois and Wisconsin Mortgage Rates
March 19, 2010
Current Illinois, Minnesota, Florida 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 30, 20, 15 and 10 year fixed rates, jumbo, ARMs, Rural Housing,
VA, FHA and FHA 203k mortgage rates for all of Wisconsin,
Illinois, Minnesota and Florida including major cities such as Chicago, Streamwood,
Waukegan, Carol Stream, Mount Prospect,
Minneapolis, Sun
Prairie, Stoughton, Milwaukee, Appleton FHA loans rates,
Waukesha, Brookfield and Madison.
How to shop mortgage rates
Mortgage rates trend for Illinois and Wisconsin as of
03/19/2010:
Steady
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»
First Time Home Buyer Mortgage
March 17, 2010
First time home buyers in Illinois, Wisconsin, Minnesota
and Florida need to keep up with the ever changing
mortgage market. First time home buyers need to
understand what type loans are available to you.
We offer many first time home buyer programs in
Wisconsin, Illinois, Minnesota and Florida including
first time home buyer loans in Chicago, Minneapolis and
Madison.
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USDA Rural Housing Refinance
March 15, 2010
We get this questions a lot; "Can I refinance into a
USDA Rural Housing loan?" and the answer, 9 out of 10
times, is no. Unless your current loan is a Guaranteed
Rural Housing loan or a USDA Section 502 Direct loan,
you cannot refinance into the program.
Read the rest of this
entry »
FHA Refinance and FHA Purchase Mortgage Loans in Chicago
March 12, 2010
FHA mortgage loans in Chicago are available to anybody
but are used most often by first time home buyers and
low to moderate income buyers. FHA loans are insured
through a combination of a small upfront mortgage
insurance premium (UFMIP), as well as a small monthly
mortgage insurance premium.
Chicago FHA loans have less-stringent borrower
qualifications than many other mortgages and generally
lower interest rates. They also offer significant value
to consumers because the interest rates are low with
fixed monthly payments and mortgage insurance is now tax
deductible.
Refinance your FHA mortgage in Chicago up to 97.75% or
cash out refinance up to 85%.
Read the rest of this
entry »
FHA 203k Seminar for Realtors in Madison Wisconsin
March 9, 2010
Join us for our 203K Seminar on April 8th!
Inlanta Mortgage of Madison is holding a seminar about
203K loans for Realtors. We will be working with a local
builder and a 203K consultant. The seminar is being held
on Thursday April 8th from 11:30 to 1:30 at City Center
West Conference Center which is located at 525 Junction
Road Madison, WI.
Topics Will Include:
• What is a 203K Loan?
• Benefits of a 203K Loan
• The 203K Loan Process
• How to Market Listings with the 203K Program
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USDA Mortgage Home Loans
February 24, 2010
In today’s shrinking credit market, the USDA rural housing
loan program in Wisconsin, Illinois, Minnesota and Florida
is one of the best no money down mortgage financing options
in the marketplace.
Many rural families and individuals may be eligible to become
homeowners with the help of this program.
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VA to VA Refinance loans
March 7, 2010
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
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Refinance in Wisconsin Illinois Minnesota Florida
February 26, 2010
When should you
refinance your Wisconsin or Illinois home?
Refinancing can be worthwhile, but it does not make good
financial sense for everyone. A general rule of thumb is
that refinancing becomes worth your while if the current
interest rate on your mortgage is at least 1 percentage
points higher than the prevailing market rate. That is a
good rule but not always the determining factor.
There are several reasons to refinance your Wisconsin
or Illinois home:
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FHA, VA and Conventional Refinance
February 23, 2010
We offer refinance options in Wisconsin, Illinois, Minnesota
and Florida on single family homes, duplexes, 2-4 unit properties,
low and high rise condos, townhouse, 2nd homes, vacation
properties, PUDS, and many others. Refinance now to get
a lower rate, turn your adjustable into a fixed rate and
get fast cash. Wisconsin refinance Loans are a great way
to consolidate debt into one easy monthly payment.
Refinance loans are also available in major cities including
Chicago, Minneapolis, Appleton, Fitchburg, Stoughton, Sun
Prairie, Racine, Wausau, Green Bay, Milwaukee and Madison.
Our most popular refinance programs offered are listed below:
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»
What You Should Know to Obtain a VA Loan: Step 5 of a 5
Step Series
February 19, 2010
Today we will review step 5 of our 5 step series about
obtaining a
VA loan. With
so much information out there, I have never actually seen
anything that explains the entire process of obtaining a
VA loan in one place.
1.
Service Eligibility
2.
Obtaining your Certificate
of Eligibility
3.
Funding Fee
4.
Choosing a Lender
5.
Looking for a house
Today we discuss ways to find the home for you. First,
I am not a real estate professional and can only speak from
experience.
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2010 Home Buyer Tax Credits
February 5, 2010
Just a reminder that congress extended the Homebuyer Tax
Credit. First time home buyers may receive a credit up to
$8,000 on home purchases made prior to April 30, 2010.
This newly expanded bill also revises income limits and
would allow a $6,500 “move-up” buyer tax credit for those
who have lived in their current principal residence for
5 or more years.
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»
VA
Mortgage Home Loans: Purchase, Refinance and Cash Out Refinance
February 3, 2010
Wisconsin VA loans are one of the benefits provided by our
Veterans Administration (VA). VA mortgages do have some
restrictions when compared to general mortgages in the marketplace
but in today’s market the VA loan is a great option if you
have no money down. VA mortgages do not require the private
mortgage insurance that is usually necessary for loans with
little or no down payment.
VA mortgages do offer a cash out refinance option, in which
veterans may borrow up to 90 percent of the value of the
home. These loans also include extremely competitive rates.
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»
FHA Streamline 203k Rehab Loans
January 27, 2010
The Streamlined FHA 203k program in Wisconsin, Illinois,
Minnesota and Florida is intended to facilitate uncomplicated
rehabilitation and/or improvements to a home for which plans,
consultants, engineers and/or architects are not required.
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»
Jumbo Loans (Non Conforming)
December 23, 2009
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.
While conventional banks and mainstream, conforming lenders
traditionally underserved borrowers of jumbo mortgages,
a few mortgage brokers specialize in arranging jumbo financing
up to multi million dollar loan amounts. The difference
in pricing between conforming mortgages and jumbo mortgages
(loans with values in excess of conforming loan limits)
is usually considerable.
We offer jumbo mortgage loans in Illinois and Wisconsin
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