Another Award for Anthony Heading into 2017!

This award says it all for Anthony Marinaccio.  It's a reflection of his knowledge at closing loans in the Chicagoland Market! Up against 700+ other mortgage companies, Anthony personally made it to the top amongst 15 for Best Mortgage Brokers in Chicago!  Expertise.com is a site designed to cut the fat!  They awarded Anthony as … Continue reading Another Award for Anthony Heading into 2017!

Purchasing A House? Keep These Home-Buying Tips In Mind

If you are ready to start the process of buying a house, it's important to take some time to do a little homework first. The steps to buying a house are not complicated, but you need to know what they are in order to make wise decisions along the way. Here are some home-buying tips … Continue reading Purchasing A House? Keep These Home-Buying Tips In Mind

Choosing The Right Mortgage Broker

Buying a home is exciting, but the deal isn’t done until you’ve secured a home mortgage. For many people, a mortgage broker may be a better option than dealing with their local bank. Keep in mind, most local banks will offer one or two programs, while a mortgage broker may have a broader range of … Continue reading Choosing The Right Mortgage Broker

Chicago Agent Magazine Who’s Who 2015 – Anthony Marinaccio

Anthony Marinaccio, Senior Vice President of Residential Mortgage Lending Key Mortgage Services, named in Chicago Agent Magazine's Who's Who in Real Estate 2015 - Read Anthony's Full Article in Chicago Agent Magazine Who's Who of 2015.        

Fannie Mae Guideline Updates

On June 30, 2015 Fannie Mae released some major improvements to their guidelines. Download the changed Fannie Mae Guidelines here.  The biggest change that helps homebuyers is the new no equity in departing home guideline that will help a ton of buyers get out of an old home with no equity requirement (even if the … Continue reading Fannie Mae Guideline Updates

Integrated Disclosure Rule: TILA & RESPA Updates

The Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) promise to change how banks present disclosure materials on August 1, 2015. Prepare your loan officers and bankers with the following sample forms, FAQ sheets, webinars and other resources designed specifically to help bank officials meet compliancy by the August 1 deadline. … Continue reading Integrated Disclosure Rule: TILA & RESPA Updates

How Mortgages Work

When you want to own your own home but don’t have the capital required to do so, a mortgage is your best option. A mortgage is a type of loan that allows you to have your own home and thus be a homeowner. After being approved for a mortgage, the homeowner slowly pays off the … Continue reading How Mortgages Work

Loan Officer Privacy Laws

Having an experienced mortgage loan officer in your database can be a lifesaver. If you haven’t yet had an experience where an experienced loan officer seemed to pull a rabbit out of a hat and saved a deal that was dead, you will one day. Good loan officers know at the outset whether someone can … Continue reading Loan Officer Privacy Laws

What Are Par Rate Mortgages?

What it means to be pitched Par Rate. The definition of 'Par Rate' when dealing with a residential mortgage is the base interest rate you qualify for relative to all of the following factors: fico credit rating, down payment percentage amount, type of home (single family, condo, townhouse, etc.), type of mortgage product (fixed vs. … Continue reading What Are Par Rate Mortgages?

The Qualified Mortgage: What Is It?

If you’ve been thinking about refinancing your mortgage or are preparing to buy a home, you may or may not have heard about the new mortgage rules that took effect January 10 of this year. In 2010, as a response to the housing crisis of the last decade, Congress wrote the Dodd-Frank Wall Street Reform … Continue reading The Qualified Mortgage: What Is It?