Lakewood, IL

The mortgage industry is fascinating. I've enjoyed over 20 years helping 1,000's of homeowners finance or refinance their home. Even amongst the turmoils that the industry has experienced over the last several years this continues to be one of the most rewarding aspects of my career. I'm currently carrying a pipeline Nationwide of over 40 loans for more than $23,000,000 in mortgage volume. Rates are at all time lows and this is perhaps the last great opportunity to lock in to a long term rate before inflation hits hard.

Helping Homeowners For Over 20 Years

With the changes in the industry came changes to the documentation requirements. Are you self employed? Remember the "Stated Income" days? Well, they are long gone! Many people called them "Liar Loans" but that really wasn't a fair assessment of these loans. Those that abused these Stated Income loan programs brought this slang into the industry.

Unfortunately this change is here to stay. Now the following information is required on just about every loan submitted to an underwriter for approval. If you can verify your income is stable and sufficient to support the new mortgage payment, verify your assets and have good credit then you can get a loan.

Information Required for Most Loans

• Complete 2 years Federal tax returns with all addendums
• Most recent 2 years W-2 Forms and/or 1099's
• Most recent year to date computer generated paystub
• Most recent 2 months statements to verify Assets (ie. Savings, Checking, Brokerage)
• Photo ID's
• Bankruptcy Discharge of Debt and List of Creditors Papers (yes, you may still get a mortgage even after a BK)

This isn't an all inclusive list but is a typical list required for most people that I see apply for their mortgage. Occassionally, depending upon the type of loan and the circumstances of the person, other documentation will be required.

To initiate a mortgage application just log onto https://homeloans.securesites.com/standard.html?custid=3861&office_id=382&loan_officer=9901 and be as complete as possible. The application will come directly to me and I'll contact you with the next steps. Or you may call me at 224-805-2616 to schedule a time to talk through your mortgage loan needs.

One of the most beautiful areas in Lakewood/Crystal Lake, IL is known as "Turnberry". This area has a mix of old and new. Most of the homes are either surrounded by a Golf Course, Lakes and Meadows or open land.

There are currently only 19 ready to move into homes available on the market in the Turnberry area. There are some incredible buys awaiting the smart buyer available now. Now is the time to buy in Turnberry. This has been a coveted area for many years. However, the prices have just been a little too much for many who wish to call Turnberry their home. Not anymore.

Current home prices here range from a low $309,900 to a whopping $748,500. Take a look below at some of the variety of styles available in this price range in Turnberry. And when you're ready to make the Turnberry area your home call me and I'll send you a list of all the homes currently on the market at that time.

Turnberry Country Club

Discover Turnberry Country Club
"Where Friends and Family Meet"

Turnberry is a traditional, full-service private club that understands its members' lifestyles and expectations. Our member-owned club endeavors to meet those expectations with . . .

• A championship golf course with full service pro shop,
• Active swimming and tennis programs,
• A full golf and social calendar,
• Formal and informal dining options, and
• Banquet and meeting facilities
  

Whether you're searching for a relaxing retreat, an everyday vacation, or a private place to meet family and friends, we invite you to discover Turnberry Country Club. A variety of membership opportunities are available to suit your needs.

If you are considering a move to Turnberry in Lakewood, Illinois, there are 32 real estate listings (as of 03/25/09), ranging in price from $187,500 to $1,500,000. Visit Lakewood real estate site and view all real estate listings in Lakewood, Illinois including homes for sale in Turnberry. Lakewood Illinois Real Estate offers single family homes, townhomes and condominiums for home buyers at various price points.

Lakewood Illinois Real Estate

Some of the subjects covered:

• Roles of the Lender/Mortgage Broker
  
• Credit
  
• Pre-Approval
  
• Roles of the Real Estate Agent
  
• Searching for Properties
  
• Contracts
  
• Negotiation
  
• Closing

Here are some questions that were asked during a home buyers seminar last month:

• How much can I afford?
• Can I get a loan to cover rehab costs?
• When should we talk to a lender?
• What are lender fees? What’s the norm?
• What are points?
• Is the downpayment different from closing costs?
• Why do people get into ARM's vs. Fixed loans (good question especially right now)?
• What can I do to get my credit score higher?
• Can we still get a home if one of us has great credit and the other has not so great credit?
• Where do I start in the negotiation process?
• Does earnest money show the seller how serious the buyer is?

Class Location: Lakewood, IL
Lou Malnati's, 8515 Red Tail Drive, Lakewood, IL

• Wednesday, January 21st at 6:30 p.m.

To RSVP, please call or email Ryan Gable at:

RyanGable@StartingPointRealty.com
(847) 348-1154

Some of the subjects covered:

• Roles of the Lender/Mortgage Broker
  
• Credit
  
• Pre-Approval
  
• Roles of the Real Estate Agent
  
• Searching for Properties
  
• Contracts
  
• Negotiation
  
• Closing

Here are some questions that were asked during a home buyers seminar last month:

• How much can I afford?
• Can I get a loan to cover rehab costs?
• When should we talk to a lender?
• What are lender fees? What’s the norm?
• What are points?
• Is the downpayment different from closing costs?
• Why do people get into ARM's vs. Fixed loans (good question especially right now)?
• What can I do to get my credit score higher?
• Can we still get a home if one of us has great credit and the other has not so great credit?
• Where do I start in the negotiation process?
• Does earnest money show the seller how serious the buyer is?

Class Location: Lakewood, IL
Lou Malnati's, 8515 Red Tail Drive, Lakewood, IL

• Thursday, January 8th at 6:30 p.m.

To RSVP, please call or email Ryan Gable at:

RyanGable@StartingPointRealty.com
(847) 348-1154