 |
Special
Offers: Special offers for Chicago Northwest Suburbs, Mt. Prospect and
Arlington Heights homeowners from Jan McNulty, top Realtor |
|
Affiliates: Jan
McNulty's real estate web site affiliates |
|
eNewsletter:
Jan McNulty's Chicago Northwest Suburbs, Mt. Prospect and Arlington
Heights newsletter email will send you the latest real estate
information |
|
Today's
Real Estate News: Daily real estate news for this neighborhood,
Illinois, and United States |
|
Real
Estate Cyber Tips: Real Estate Cyber Tips |
|
Market
Conditions Report: Market conditions report for this area, Illinois,
and United States |
|
Monthly
Payments & Schedule: Monthly loan payments java mortgage
calculator |
|
How Much Can You Afford?:
Calculate how much home you can afford with this financial
calculator |
|
Determine Tax Savings:
Calculate how much your monthly Chicago Northwest Suburbs, Mt. Prospect
and Arlington Heights Illinois mortgage payments save you on your taxes because
of loan interest |
|
Should You Rent or Buy?:
Is it better to rent a home in Illinois or buy your own Chicago
Northwest Suburbs, Mt. Prospect and Arlington Heights house, ranch, luxury
property, condominium, acreage, or other real estate? |
|
Adjustable Rate Mortgages:
Adjustable rate Chicago Northwest Suburbs, Mt. Prospect and Arlington
Heights mortgages information and interest rate java calculator |
|
What Is
Your APR?: Determine the Annual Percentage Rate (APR) for your
mortgage. |
|
Fixed or Adjustable Rate
Mortgage?: Use this calculator to compare a fixed rate mortgage to two
types of ARMs, a Fully Amortizing ARM and an Interest Only ARM. |
|
Are
Balloon Mortgages For You?: Balloon mortgage calculator. A balloon
mortgage can be an excellent option for many home buyers. |
|
15 vs. 30 Yr Mortgages: With
a 15 year mortgage you will pay significantly less interest, but only if you
can afford the higher monthly payment. Use this calculator to compare these two
mortgage terms. |
|
How Much Should Your Income Be?:
What income is required to qualify for a mortgage? Use this calculator
to find out. |
|
What's
Your Maximum Mortgage?:This calculator will help you determine your
maximum monthly housing payment and the resulting mortgage amount. |
|
Will
Buying Points Save You Money?:This calculator helps you determine if
you should pay for points, or use the money to increase your down
payment. |
|
TripleCalc:
FREE Software Download: TripleCalc lets you compare three loans at one
time for your property or other Illinois real estate |
|
Top National Real Estate Web
Sites: Real Estate Web Sites that include some unique sources of realty
information, listings, and more |
|
Ask
Anything: Ask Jan McNulty anything real estate |
|
NUMBER1EXPERTS: List of all the NUMBER1EXPERT real
estate agents and realty professionals and brokers in the USA and Canada with
links to their personal web sites with homes for sale |
|
Real Estate
Tips: Jan McNulty's realty library of real estate tips and advice on
everything from preparing your home for sale to negotiating with home buyers to
escrow, closing costs, property inspections, and mortgage brokers |
|
Real Estate Trivia:
Jan McNulty's collection of real estate trivia questions and answers
that include real estate topics such as the most expensive home, largest
swimming pool, and more |
|
Real Estate Dictionary:
Complete real estate dictionary and glossary of realty words you'll use
when you list and sell your Chicago Northwest Suburbs, Mt. Prospect and
Arlington Heights property in Illinois, including legal terms definitions, and
more |
Please Sign Up For The
Latest Listings and the Latest Real Estate News
 |
Financing Your Home >Mortgage Fears
It is not unusual for home buyers to feel that the lender is being very critical during the loan approval process. The buyer is required to provide all kinds of financial information, and then the lender asks for more. If this is your experience, and the process seems discouraging, remember that none of this is personal!
Some lenders have more stringent requirements than others, but every lender requires a substantial amount of documentation on a mortgage loan. They must verify employment, credit history, and recent financial transactions involving your liquid assets. If your Visa payment was late, they may ask for a letter explaining why. If you are self-employed, they will ask for tax returns from at least three years and probably a year-to-date profit and loss statement.
Government regulations require mortgage companies to document everything. And while the loan officer may know that you are a reliable risk, the underwriters must be able to defend the loan to a federal bank examiner or auditor.
|
|
| Q |
Lenders in 14 states--California, New York, Oregon, Utah, Vermont and Wisconsin and 9 others--have what in common?
|
| A |
Lender in these states must pay interest on funds held in escrow accounts. |
 See More Real Estate Trivia > |
|
|
Buyers will know about homes new to the market
even before most Realtors! Sellers can stay updated on their neighborhood
trends, activities and prices, all from the privacy of their own home!...
More Info
|
- NUMBER1EXPERT™ 
