Category Archives: Mortgage banker

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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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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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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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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The FHA Mortgage Insurance Premium

FHA mortgage insurance is similar to the private mortgage insurance (PMI) required for conventional mortgages with down payments below 20%, but key differences exist: Up-front Fees: 1% up-front fee due at closing. Rate: For fixed rate loans, there is an … Continue reading

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