Shedding some light on Wisconsin Investment Property Loans

by Luke Skar January 19, 2015
Thumbnail image for Shedding some light on Wisconsin Investment Property Loans

Hello everyone, Cory Kessenich here today to shed some light on Investment properties. It’s important to know that Wisconsin investment properties require a more stringent set of guidelines to qualify for a purchase or a refinance.

Read the full article →

Can Paying Cash at Closing Make Sense?

by David Leonard January 18, 2015
Thumbnail image for Can Paying Cash at Closing Make Sense?

There are times when borrowers need to consider paying money at the closing in order to complete the refinance. Can this be a good deal for the borrower? Let’s consider a couple of situations and see how the math works out.

Read the full article →

5 Steps to get you started with a VA mortgage in Wisconsin Illinois Minnesota Florida

by David Leonard January 18, 2015
Thumbnail image for 5 Steps to get you started with a VA mortgage in Wisconsin Illinois Minnesota Florida

This week I will be describing 5 important steps to obtaining a VA loan. With so much information out there, I’ve never seen anything that explains the entire process of obtaining a VA loan. 1. Service Eligibility2. Obtaining your Certificate of Eligibility3. Funding Fee4. Choosing a Lender5. Looking for a house First, we’ll help determine who is eligible to take advantage of […]

Read the full article →

In Wisconsin, the Best First Time Home Buyer Programs May Be the Old Standards: FHA, VA and USDA

by David Leonard January 18, 2015
Thumbnail image for In Wisconsin, the Best First Time Home Buyer Programs May Be the Old Standards: FHA, VA and USDA

Wisconsin First time home buyer‘s programs sometimes seem like an urban legend. Searching for mortgage programs that are specific to this group is almost impossible. There are, on a county by county basis, down payment and closing cost assistance programs but nothing more. The government is offering tax rebates to people that purchase a home […]

Read the full article →

Debt to Income Ratios of an Illinois VA Loan – Part 2

by David Leonard January 18, 2015
Thumbnail image for Debt to Income Ratios of an Illinois VA Loan – Part 2

In this part of our Illinois VA mortgage loan series we will explain the debt to income ratios used to qualify a borrower for a VA home loan. 41% is the Magic NumberThe ratio is a fairly simple math formula. The first step is to determine the borrower’s monthly gross income. This is income from all sources […]

Read the full article →

Closing costs of an Illinois VA Loan – Part 1

by David Leonard January 18, 2015
Thumbnail image for Closing costs of an Illinois VA Loan – Part 1

This is the first part in a series aimed at educating potential borrowers on various aspects of an Illinois VA mortgage loan including Chicago. Part 1 discusses the various closing costs associated with a VA home loan. Appraisals and InspectionsThe appraisal is a report completed by a certified residential appraiser to determine the market value of the […]

Read the full article →

Steps to Take to Obtain a USDA Rural Housing Loan in Wisconsin, Illinois and Minnesota

by David Leonard January 18, 2015
Thumbnail image for Steps to Take to Obtain a USDA Rural Housing Loan in Wisconsin, Illinois and Minnesota

The United States Department of Agriculture (USDA) has offered a mortgage loan to qualifying borrowers on rural homes for a number of years. Getting the loan takes a few steps which can be coordinated efficiently by your mortgage broker. Here is the primary sequence of events in obtaining a USDA loan.

Read the full article →

No Money Down FHA VA Rural Housing in Appleton, Madison, Waukesha, Brookfield, Racine and Sun Prairie Wisconsin

by David Leonard January 18, 2015
Thumbnail image for No Money Down FHA VA Rural Housing in Appleton, Madison, Waukesha, Brookfield, Racine and Sun Prairie Wisconsin

Wisconsin no money down loans are risky because you are starting off with no equity in the property. They are a colossal risk for the lender, therefore, any one that applies for one of these programs must have extensive documentation to prove their eligibility. The three primary no money down mortgage solutions that we facilitate are […]

Read the full article →

Must-Do List BEFORE Buying a Home

by Michael Collins - Rock Realty January 5, 2015

Must-Do List before you Buy a Home There are some major steps that all potential home buyers should complete before signing a contract to purchase a property. Here are our top suggested items that should be completed beforehand. Maximize Credit Score The higher your credit score the easier it will be to get approved for a home loan. The simplest […]

Read the full article →

Wisconsin November 2014 Housing Statistics

by Michael Collins - Rock Realty December 26, 2014

The Wisconsin housing statistics are in for this November of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say: ~~~~~ Existing home sales in Wisconsin fell in November compared to the same month last year, but home prices increased over the same period, according to the most recently released analysis of the […]

Read the full article →