loan•ol•o•gy (mortgage blog)


Showing posts with tag pre-approval. Show all posts

Chicagoland Homes We Love – For Sale Now


From mansions to cozy condos, we love homes big and small. Here are four great homes on the market now in Chicagoland:
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Sweet Homes Chicago – For Sale Now


From mansions to cozy condos, we love homes big and small. Here are four great homes on the market now in Chicagoland:
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Jumbo Loans: What you need to Qualify


In Chicagoland, a mortgage that exceeds $424,100 is considered a Jumbo, or nonconforming, Loan. Jumbo Loans are available for primary residences, second homes, and investment properties in a variety of terms, including fixed and adjustable rates. While the mortgage process for a Jumbo Loan is similar to a conforming loan, the approval requirements are a bit different.
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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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Make Friends With FICO - A Credit Report Breakdown in Greater Chicago


FICO is a mathematical model that evaluates your credit file and determines your financial reliability by assigning you a number, or FICO score, between 300 and 850. At a glance, FICO may seem a bit judgmental to let into your inner circle. A friendly relationship with FICO, however, gets you everything from reduced insurance premiums to the lowest rate mortgages. How many of your other friends can make that happen? Familiarize yourself with the following and you’ll be well on your way to either repairing or establishing a fruitful friendship with FICO.
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Buying a Home in 2017 – Be Prepared, Not Scared


In 2017, prospective home buyers should not be frightened by the mortgage application and approval process, but they do need to be prepared.  Recently, underwriting guidelines eased and new programs with looser requirements were introduced to the market.
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