Mortgage Information

Learn the ins and outs of getting a mortgage, the types of loans available in order to finance your home purchase.

Everything You Need to Know About The Home Loan Approval Process

The greatest hurdle for first-time home buyers is the mortgage approval process. Countless buyers have told me about their anxiety surrounding loan approval. Where to begin? Which bank should they call? How many preapprovals do they need? What documents are needed for...

Down Payment Assistance in Illinois

When considering purchasing a home we’ve all heard how important it is to save for the down payment, but what is it?A down payment is money you pay to secure a large purchase like a home. The down payment is your first payment of the purchase, and represents your...

How do Mortgage interest and principal work?

A mortgage is a long-term bank loan that allows people to buy houses and property. In order to turn profit, banks add interest on top of the principal loan payments. The real cost of a mortgage depends on your downpayment, the principal loan, the interest rate, your...

How Much of a Mortgage can I afford?

Use our Mortgage Payment Calculator to calculate what your monthly payment would be: There are a number of factors to consider when determining the size of the mortgage you can afford.  You must consider the mortgage from the lender's...