Author Archives: Neena Vlamis

How Do VA Loans Work

The Veteran Loans, or VA loans, lending program is an incredibly useful tool if you have a military background or are the spouse of someone who has been in service. Tens of millions of service members have been able to … Continue reading

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What to Expect During the Home Loan Process

So you’ve decided that you are sick and tired of renting and now is the perfect time to buy a home, the only problem is that you don’t have the money to buy it outright. Don’t worry, in today’s economic … Continue reading

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How to Overcome the 5 Biggest Obstacles in the Homebuying Process

While housing prices continue to rise across the nation, first-time homebuyers are facing daunting challenges throughout the homebuying process from a booming housing market that also has its downside. Here are 5 big obstacles you can overcome as a first-time … Continue reading

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5 Smart Questions You Should Ask a Mortgage Lender in Chicago Before Doing Business With Them

Long before you go through your list of smart questions for the mortgage lenders and brokers in Chicago with whom you are considering doing business, it’s important to do your homework. Check customer reviews on Yelp and other review sites. … Continue reading

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Summer Refinance Tips

  Paying your loan off in a shorter period of time is not only a surefire way to save money over the life of your loan, but it is also a way to obtain an attractive rate on your mortgage. … Continue reading

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Should You Both Be Co-Signers on Your Home Loan?

It’s very tempting for spouses or partners to co-sign for a home loan. Your combined income and credit scores can help you qualify for a bigger mortgage which can pay for a bigger house in a better neighborhood. Who doesn’t … Continue reading

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How Does a Home Inspection Contingency Affect the Homebuying Process?

Although there is no single, national law governing home inspections during the homebuying process, home inspection contingencies are an essential part of the purchase contract in most states. This practice gives prospective buyers the freedom to make an offer and … Continue reading

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Why the FHA Self-Sufficiency Test Is So Important For First-time Investors in 3- or 4-Unit Properties

An FHA loan is a mortgage insured by the Federal Housing Administration. Backed by the Federal Housing Administration, an FHA loan may require a down payment as little as 3.5% for a credit score of 580 or higher versus the … Continue reading

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Top 5 Arguments Couples Should Avoid During the Homebuying Process

Buying a house together is a huge step for couples to take. It represents one of the largest purchases they will make in their lifetime, and a financial commitment that could span 20 or 30 years. In December 2017, the … Continue reading

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5 Key Benefits a Mortgage Broker in Chicago Can Give You That a Bank Can’t

Buying a home in the Chicago metro area is undoubtedly the biggest financial decision you’ll make in your life. Making it a smart decision depends on several factors including the kind of mortgage you have. Whether you need a 10-, … Continue reading

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