The Golden Oldies: Interest Rates

You remember that nice couple just a few years ago that wanted to buy home but their lender declined them? Did they tell you the lender said they just didn’t yet make enough money to qualify for the type of home they wanted and decided to wait until they earned more? Sure you do, everyone [...]

The Clear Path

Everyone likes to know what the future will bring. There’s a certain comfort in predictability. Sure, an adventure of any sort can get be exciting but certain things shouldn’t be left to chance. For example, if you want to take a trip somewhere that you’ve never been, don’t you want a map/plan? At least directions [...]

Now and Later

Some loan officers, rookie ones, will take any and all loan applications they can, package them up and ship it off to their underwriter to essentially see if there’s any possible chance the loan can be approved. This really happens. When a potential borrower applies for a mortgage loan, a loan officer can smile, take [...]

Three Things

Have you ever thought about being a landlord? Or have any of your clients mentioned to you the possibility of investing in real estate? If they did, you certainly jumped at the opportunity and went shopping for possible deals on behalf of your new-found investor. But do you have other clients that might like to [...]

Changing Midstream

There’s nothing wrong with changing your mind. It happens all the time. Even if someone spent a considerable amount of time evaluating a situation and coming to a conclusion, sometimes things change during the course of events and the original plan must be scrapped. That can happen with a mortgage application as well; but when [...]

Talk to My Lender

As a listing agent, you know what to expect when an offer is presented. You review the offer with your clients, perhaps counter or accept it as written, and set a closing date. You notice your buyers have a letter from their mortgage company stating their application has been received, reviewed and pre-approved. But sometimes [...]

New Condo? Different Rules

Developers creating a brand new condominium project from the ground up or existing structures extensively remodeled have their financing in hand.  Their bank decided to finance the developer’s newest, latest project and soon a brand new set of sparkling condominium homes for sale somewhere near Lincoln Park will reach for the sky.  At least that’s [...]

Seller Financing?

Sometimes people have problems finding enough money for a down payment and closing costs.  Even though many strive to put 20 percent down to get the best rate and to avoid private mortgage insurance, sometimes they fall short; right when their perfect dream home happens to be listed.  But buyers don’t always have to wait [...]

Don’t Wait To Buy a Home. Really!

When it’s so cold outside that fire hoses freeze while putting out a fire, you know that this time of year real estate sales are, well, glacial.  It doesn’t matter if your seller lives in Hinsdale, Naperville or Lincoln Park, sometimes it’s…just…slow in the dead of winter. But you still tell your buyers that it’s [...]

Key Mortgage Named Lender of the Year at the 2012 Agents’ Choice Awards

Prestigious Award Presented by Chicago Agent Magazine and Chicagoland REALTORS® CHICAGO, Oct. 25, 2012 /PRNewswire/ -- Key Mortgage Services Inc. was honored as the Lender of the Year at the Chicago Agent annual Agents' Choice awards ceremony, hosted by Chicago Agent magazine. Hundreds of Chicagoland real estate professionals voted for Key Mortgage in the magazine's annual survey. The award winners were announced [...]