Author Archives: Aaron Gitler

Own vs Rent: How Much Home Can You Purchase For $1000/$1500/$2000 a Month?

  There is a common misconception that renting is cheaper than buying, which is why so many people, particularly younger, choose to rent rather than buying. However, the statistics show that on average, the monthly payment that people tend to … Continue reading

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5 Ways a Top Mortgage Broker Company In Chicago Keeps Their Customers Happy

First-time homebuyers will tell you that it’s more fun to drive around looking at houses for sale than it is to sit in a mortgage broker’s office in Chicago going over your financial situation in painful detail. Continue reading

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Key Advantages of the National Flood Insurance Program

Over the last decade, extreme weather events have become a common occurrence across the United States. Recently, a series of nor’easters pounded the northeast with blizzard conditions and record-breaking snowfalls. Last year, Hurricane Harvey caused unprecedented torrential rain and deadly flooding far beyond Houston’s recognized flood plain areas. Continue reading

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FHA Home Loan Limits in Illinois

FHA (Federal Housing Authority) loans on single and multi-unit properties are designed for borrowers who are unable to make large down payments. Instead of the traditional 20% down payment required by banks, FHA loans only require a 3.5% down payment … Continue reading

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5 Homebuying Tips for Building Your New House

It’s an exciting time for you and your family. You’ve decided to build a new house instead of buying an existing one. For the first time, your new home is going to have every feature and detail you’ve ever wanted. … Continue reading

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Can You Get a Better Home Loan From a Bank Or a Non-Bank?

The home loan landscape has changed dramatically since the financial crisis of 2008. In 2010, loan originations from non-bank lenders represented a 10% market share. By 2017, their share skyrocketed to 50%, presenting a new challenge to traditional banks. Responding … Continue reading

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Key Advantages of Getting a Home Loan From a Non-Bank Lender

In 2016, non-bank lenders grabbed a bigger share of the home loan market than banks. Even though banks had a healthy 44% share of the loan market, non-bank lenders did even better with a 47% share. These statistics reflect a … Continue reading

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Larger Loan Limits in 2018

The Federal Housing Finance Agency (FHFA) announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2018 will increase. In most of the country, the 2018 maximum loan limit for one-unit properties (for single-family homes) will be … Continue reading

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5-Point Checklist for Getting Back to Normal After a Hurricane

In the aftermath of devastating hurricanes like Harvey and Irma or other natural disasters, it’s important to access the resources you need to return to normalcy and safety as soon as possible. These are key actions to take: 1. Contact … Continue reading

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What You Need to Know Before You Buy a Fixer-Upper

Investing in a home that needs work might seem like a great way to save money on your first home, but buying a fixer-upper home as a first-time buyer is not always the right choice for some people. Not everyone … Continue reading

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