Northern Illinois Mortgage Pros

We keep Centegra associates happy:)

Don Elbert — Tue, 27 Jul 2010 21:19:20 +0000

Good Morning,
I just wanted to pass on to you the wonderful experience I had with Fairway Independent Mortgage Corp. I found them through Centegra. I met them when you had one of the class rooms booked and all the employees got to meet people from all the different companies on the extra benefits you offer. This mortgage company was the best I have ever worked with! Going through a separation they help get my husbands refi done and then helped me secure financing for my new home loan. I can’t say enough about them even my realtor, atty and Title Company were impressed. Kudos to Don Elbert, April and Katie!

I wanted to thank you for offering this wonderful company to me as an employee and I am sure more employees will have the same experience I had. Thank you again!

Sincerely,
Dawn Freundt
Medical Staff Specialist
Centegra Hospital – McHenry

Great reviews keep coming for Fairway!

Matt Brua — Mon, 10 May 2010 15:36:28 +0000

As a first time home buyer I was very pleased with Fairway Independent Mortgage Corp. They were very helpful throughout the process, answered any questions I had in a quick timely manner and always kept me updated on the status of my account. It made the home buying experience less stressful for me. The staff is very professional, friendly, and well organized. I would totally recommend their services to anyone.

Beata Burek – 1st time home buyer

This is a testimonial to the professionalism and efficiency of Fairway Mortgage.

Admin — Thu, 25 Feb 2010 15:19:38 +0000

This is a testimonial to the professionalism and efficiency of Fairway Mortgage.

My wife and I put a bid on a house that was a short sale. We had already been approved with a lender and had all the needed paperwork in with them as soon as our bid was accepted. But even though our lender had all of the needed paperwork from us they were not going to be able to close on the house in the needed amount of time. This is when we were put in touch with Matt at Fairway Mortgage. We told him of our situation and he said that there wouldn’t be a problem closing on time. Within a day of him having all the needed paperwork we were well on our way. We were able to close on time and without any problems, the whole process was smooth and painless thanks to Matt and April. We greatly appreciate all the help and we would defiantly refer anyone to Fairway Mortgage.

Erich Mahalko

Title companies love working with us too…

Matt Brua — Mon, 15 Feb 2010 20:40:16 +0000

Thanks for all of your help! It was so refreshing to have a such a smooth and pleasant closing!!!!

Elizabeth Hamner
Escrow Closer
Ticor Title Insurance Company
750 E. Bunker Ct., Suite 700
Vernon Hills, IL 60061

VA Mortgages done right (here)!!!

Admin — Fri, 13 Nov 2009 19:59:24 +0000

Obtaining our VA mortgage through Fairway Independent Mortgage Company has been a great experience. From the very beginning, we were treated as if we were a friend or family member. The staff is extremely knowledgeable, extremely professional and extremely hard working. The loan process itself has been handled smoothly and quickly without any hiccups. We would definitely recommend Fairway Mortgage Company to anybody who is looking for a devoted team of individuals to help them through the lending process. Thank you! Dave & June Schwartz

Government Tax credits for 1st time home buyers and move up buyers.

Admin — Wed, 11 Nov 2009 22:13:49 +0000

www.federalhousingtaxcredit.com/

Buying a short sale!

Admin — Mon, 28 Sep 2009 18:20:46 +0000

Buying a short sale can be a great thing. For those who are willing to wait. If you are a First Time Home Buyer and want to close by December 1st 2009 that time has probably past for you to put in a short sale offer and close by that date to earn your IRS $8,000 first time home buyer tax credit.

A short sale can take longer due to the fact that Banks are the ones you are working with to figure out how much of a loss they are willing to take on a home “THEY OWN.” The homeowner is already not getting any money at the closing table so they don’t care how much the home sells for but the bank which stands to lose is the one that does care.

When buying a short just be ready to wait and then wait some more and things can really work out.

FHA Fico Score on the rise know your score!

Admin — Thu, 20 Aug 2009 16:57:06 +0000

If you were looking at buying a house and using FHA you better know your credit score. Banks have been on the war path raising middle fico score requirements on FHA from 580 to 620 and now most are going to 640 middle.

There are a ton of ways to find your score but as a first time home buyer that is where you have to start these days. Call a mortgage company or www.fico.com and get your score.

If you need help understanding your score check our website under credit score.

Matt

Seller paying closing costs!

Admin — Wed, 19 Aug 2009 19:12:34 +0000

It is very common these days to have the seller paying for all closing costs and in Lake County, IL they would include some of the following. This is an estimate of those fees some might be more and some might be less.

Attorney—400

Title fees—$1,600

Mortgage Company –$1,350

A good Realtor will figure these numbers into your contract prior to the seller seeing your offer.

The Perfect storm for First Time Home Buyers

Admin — Sun, 16 Aug 2009 12:12:57 +0000

My freind Dave from Denver called it right the other day when he said the housing market is a “Perfect Storm” right now for first time home buyers.

Being a fan of the book “The Perfect Storm” and now the show Swords is on TV every Tuesday which I can’t wait for it got me thinking. When I got out of college 13 short years ago and interest rates came down to like 7% if I remember correct people where going crazy because of how cheap you could finance for. Now I look at the market and people still don’t buy for various reasons but let me explain the “Perfect Housing Market Storm’ as I see it.

“Interest rates”

Lowest I have every seen them and they are staying low. Financing a 30 year fixed mortgage in the low 5″s is like paying $1 a gallon for gas for the rest of your life.

“Housing Prices”

Depending on who you talk to, who you watch and where you are looking at buying housing prices are probably down about 30%-40% from the 2006 highs and in some places around Lake County IL even more.

$8,000 first time home buyer credit

The cherry on top as I see it, if you buy a home as a first time home buyer and yes even if you sold another house 3 years ago you still qualify then you will receive a $8,000 tax credit on your 2009 tax return. You have to buy by December 1st 2009 and it has to be a owner occupied house, our website has more information on this.

3 things that make up this perfect storm for buying your 1st home right now and with FHA rates and FHA down payments still low I will bet that 1st time home buyers will never again see this opprotunity again in their lifetimes.

Matt