loan•ol•o•gy (mortgage blog)

Noun

  1. The study and explanation of mortgage rates, terms, programs and approval requirements
  2. An attempt at a clever name for our blog


2017 Memorial Day Festivities in Chicagoland


Summer 2017 kicks-off this weekend, and that means three days of Memorial Day fun. If you’re not jetting off to the lake house, check out what’s going on right in your backyard:
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#FHAwesome - Is an FHA Loan Right for you?


FHA Loans have a reputation of being costly, difficult, and covered in red tape. While that’s not true if you have the right lender, there are costs that come with the benefits of a low down payment and eased underwriting. Is an FHA Loan the right fit for you?
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Ask an Appraiser – What Upgrades Increase Home Value?


Homeowners are usually confused about what upgrades pay-off if and when they sell their home. While the answer isn’t always cut and dry, there are some basic remodeling guidelines for getting the most bang for your buck. UHL asks Chicagoland appraiser Mary Gilmore of Heartland Appraisals and Ken Kolozy of K2 Real Estate Services to share their big brains with us:
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Fannie Mae Introduces the Student Loan Cash-Out Refinance ​


Do you know someone who owns a home and has student loan debt? If so, they may benefit from a recent loan program feature rolled out by Fannie Mae.
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Fed Holds Interest Rates Once Again


As expected by financial markets, the Fed voted on Wednesday to hold its benchmark rate in light of slowed economic activity. This decision is good news for interest rates on everything from credit cards to mortgages.
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Is a Jumbo ARM right for you?


Below are some key facts on Jumbo ARMs:
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Five Ways an FHA Loan Can Benefit You


Not all mortgage loans are created equal. There are a vast array of different mortgage options out there, and some, such as FHA loans, offer additional benefits. If you are in the market for a new home, here are five reasons why you should consider exploring an FHA loan:
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First-Time Homebuyer Mistakes to Avoid


Whether you’re considering buying your first home now or in the near future, shop smart by avoiding these common pitfalls:
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RIP Knowing These Common Mortgage Acronyms


If there’s one thing mortgage lenders love, it’s an acronym. From ARMs to PMI to LTV, it’s easy to get lost in a sea of jargon and miss the important meaning behind the language. Since I consider you one of my BFFs, I’ve outlined five common mortgage acronyms below:
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The Hike is Here: Fed Raises Interest Rate at March Meeting


As predicted, the Federal Reserve increased its benchmark rate by a quarter percentage to 1% on Wednesday. This move is the second increase in three months, and economists predict two more increases in 2017.
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Do You Know Your Household APR?


We define Household APR as the blended rate of all debt you have adjusted for tax deductibility. Essentially, it is one very easy metric to evaluate the rate of interest you are paying across all debt.
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5% Down Jumbo Mortgage - What you Need to Know


 Believe it or not, there are jumbo mortgage loan programs offered in the greater Chicago market that only require 5% down. And perhaps even more unbelievable, these loans are offered at very competitive and affordable interest rates. Here are some basics about this loan program:
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