Lending

Don’t Forget About Our Veterans – And VA Loans!

Veterans Day is an annual U.S. holiday for honoring our military veterans. The federal holiday is observed on Nov. 11 every year, and is also known as Armistice Day or Remembrance day throughout the world. The date is significant,

Foreclosure Defense Group Gives Homeowners Legal Muscle to Keep Their Homes

Financially challenged homeowners who are at risk of losing their homes can now rely on The Foreclosure Defense Group (FDG), a Rosemont, Ill.-based firm that matches clients to attorneys who can fight lenders in court and work to completely

Mortgage Applications Decrease in Latest MBA Weekly Survey

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 15, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 10.5 percent on a seasonally adjusted basis from

Jeff Baker, VP of Mortgage Lending, Guaranteed Rate

For this issue’s Ask a Lender, Jeff Baker, a vice president of mortgage lending with Guaranteed Rate, answers questions posed by Chicagoland Realtors. In today’s world, rules and regulations have proliferated through the mortgage lending industry. The last couple

HUD Announces New Reverse Mortgage Option

The Federal Housing Administration (FHA) today announced a new modified version of its Home Equity Conversion Mortgage (HECM) product. The HECM loan is a reverse mortgage insured by the federal government. It allows older home owners to tap into

Renovation Financing

An Opportunity For Everyone By Rob Weber We have all seen properties that aren’t in the greatest of shape, but there is a way to sell prospects on potential. With renovation financing, you can show your buyers how to

Ask A Lender

For this issue’s Ask a Lender Column, Brian Weis, vice president of mortgage lending for Guaranteed Rate, answers a number of questions posed by Chicagoland Realtors in a variety of locations. Q: What is HVCC and how will it

Reverse Mortgages

What You May Not Know By Mark Schmidt It’s hard not to hear about reverse mortgages these days with celebrity endorsers like Robert Wagner, Pat Boone, James Garner and, most recently, Henry Winkler (yes, The Fonz) showing up on

Ask A Lender

For this issue’s Ask a Lender Column, Randy Thomas, sales manager for Guaranteed Rate’s Oak Brook office, answers a number of questions posed by Chicagoland Realtors in a variety of locations. Q: Why is it that when I refer

Exploring New Regulations and More

For this issue’s Ask a Lender column, Brian Jessen, senior vice president of Guaranteed Rate, answers questions posed by Chicagoland Realtors. Q: Tell me what is happening with the jumbo mortgage market lately. Is it getting any better? A:

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