The Krain Blog

12/16/2011 RATES

KRAIN - Residential and Commercial Real Estate — Fri, 16 Dec 2011 18:54:00 GMT

Happy Holidays!

Did you know we are a HomePath lender? If a property your client is interested in is HomePath approved (www.homepath.com) they can put down as little as 3% with conventional financing. Furthermore, approved properties do not require monthly PMI (increases buying power) nor an appraisal. HomePath also allows financing in condo developments with high HOA delinquencies, ongoing litigation and higher than normal investor concentration. It’s a fantastic program for first-time buyers or seasoned investors with quick turn times since the property is already Fannie Mae approved.

12/16/11 purchase rates with 0% points

30-yr fixed @ 3.875%

15-yr fixed @ 3.25%

5-yr ARM @ 2.75%

5-yr Interest Only @ 3%

7-yr ARM @ 3.125%

FHA 30-yr fixed @ 3.25%

FHA 5-yr ARM @ 2.875%

30-yr fixed jumbo @ 4.875%

5-yr jumbo ARM @ 3.25%

Purchase rates with optional 1% point

30-yr fixed @ 3.75%

15-yr fixed @ 2.875%

5-yr ARM @ 2.5%

5-yr Interest Only @ 2.75%

7-yr ARM @ 2.75%

FHA 30-yr fixed @ 3%

FHA 5-yr ARM @ 2.625%

30-yr fixed jumbo @ 4.5%

5-yr jumbo ARM @ 2.875%

*Assumes a 20% down payment for conventional SFH purchases

and 3.5% for FHA transactions with a 740 credit score.

97% Conventional Single Family Home financing available.

No longer do you have to rely on FHA financing for low down payment buyers. Avoid the strict FHA appraisal requirements, upfront FHA MI premiums and high monthly FHA PMI rates with this new conventional program.

95% Conventional (non-FHA) Condo financing available.
No need to search for already approved FHA condo projects or having to worry about obtaining new FHA project approval with this conventional program.

530 FICO scores for FHA financing available.

That’s right, we can get your not so perfect credit clients approved with this FHA program.

Have your clients call today!

Mike Jennings

Sr. Residential and Commercial Mortgage Advisor

Nominated Mortgage Company of the Year

Capital Financial Bancorp, Inc.

1003 N Damen

Chicago, IL 60622

773-235-0111 x 115 Office

312-493-6021 Direct

773-496-8572 Fax

NMLS# 215236

www.mikeshomeloans.com

Fannie Mae Homestyle® Program

KRAIN - Residential and Commercial Real Estate — Thu, 08 Dec 2011 16:55:00 GMT

The HomeStyle® Renovation Program allows your first-time, move up or investor clients buy a home and repair or improve it with just one loan. You can also use it as a refinancing tool to refinance an existing mortgage and borrow funds for improvement repairs! This is a fantastic program if you currently work with REO properties on the selling side or if you have buyers looking for foreclosed properties that may not be turn key.

Homestyle® Features:

Loan amount based on as completed value but capped at the current FannieMae loan limits of ($417k).
5% down for owner occupied
20% down for second homes
25% down for investor
1-2 units, condos, modular homes and PUD’s allowed
Funds for renovation are capped at 50% of the completed value
15 or 30-yr fixed programs
Hard and soft costs can be financed

Call me today for additional information!

Mike Jennings

Sr. Residential and Commercial Mortgage Advisor

Nominated Mortgage Company of the Year

Capital Financial Bancorp, Inc.

1003 N Damen

Chicago, IL 60622

773-235-0111 x 115 Office

312-493-6021 Direct

773-496-8572 Fax

NMLS# 215236

Cook County Assessor Berrios Releases first-year Report Card

KRAIN - Residential and Commercial Real Estate — Wed, 07 Dec 2011 20:13:00 GMT

Assessor Berrios Releases first-year Report Card

Makes assessment process more transparent, customer-friendly

Chicago – Since taking office on December 6, 2010, Cook County Assessor Joseph Berrios has made marked improvements to the Assessor’s office, while maintaining a level of fiscal responsibility.

"In the past year, I have made sure that property values reflect today’s housing market, and that the office moved swiftly with the assessment process" Berrios said. "I’m also pleased that all of my 386 employees took their furlough days, and that we made our budget goals."

Berrios accelerated the 2011 assessment process more than three months early. The next earliest completion of an assessment occurred in 1993.

"This speed and efficiency ultimately helps in the timely mailing of tax bills," Berrios said. "More importantly, it ensures that local taxing bodies receive their funds sooner."

Berrios managed to finish early, despite having almost 400 employees take furlough days, as required by the President’s Office. He also met President Toni Preckwinkle’s request to reduce the 2011 budget by 16 percent, and her request for a 9 percent reduction for 2012.

Among Berrios’ other accomplishments this year:

Redesigned Assessment Notice – In addition to the standard assessment information, the new residential reassessment notice includes: an estimated fair market value, assessment history, transactions from the Recorder of Deeds, history of tax payments and a photo of the property.

Timely Completion of the 2010 Assessment – The Assessor’s Office certified all 2010 assessment values almost two months ahead of schedule, on March 30, 2010. This will help ensure that tax bills will be mailed in a timelier manner and in turn will help the local taxing bodies receive their funds sooner.

Decreasing Assessments to Reflect the Real Estate Market – The Assessor has worked to ensure that the impact of the volatile real estate market is accounted for when taxpayers are filing appeals.

Re-Opening Rolling Meadows Branch Office – In an effort to better serve suburban taxpayers, Assessor Berrios has reopened the Rolling Meadows Branch Office.

Worked as an Advocate for Cook County Seniors – The Assessor spearheaded a program to protect seniors. The Senior Tax Opportunity Project (STOP) reached out to seniors who were in danger of losing their homes and who had not applied for prior-year property tax exemptions. By applying for exemption refunds, seniors received money to help pay their delinquent taxes and their homes were protected from the tax sale during the Certificate of Error process

Worked with the Board of Review to begin online appeals filings -- Berrios and his staff worked closely with the Board of Review by offering his staff and technology. As a result of this intergovernmental cooperation, anyone filing an appeal with the Board can now do so online.

Enhancements to the Web site – The Assessor continues to improve the Cook County Assessor’s Office Web site.　 Taxpayers may file appeals on-line, obtain assessment information, and download applications and forms.　 The Assessor’s Web site is one of the most visited Web sites in the county and receives close to 500,000 monthly visitors.

"We have accomplished much in the past year, but there’s so much more to be done," Berrios said. "We must continue to make strides while maintaining the high level of customer service that property owners expect."

Source: www.cookcountyassessor.com

12/7/11 Rates

KRAIN - Residential and Commercial Real Estate — Wed, 07 Dec 2011 20:11:00 GMT

Happy Holidays!

12/7/11 purchase rates with 0% points

30-yr fixed @ 3.875%

15-yr fixed @ 3.25%

5-yr ARM @ 2.875%

5-yr Interest Only @ 3%

7-yr ARM @ 3.125%

FHA 30-yr fixed @ 3.75%

FHA 5-yr ARM @ 2.875%

30-yr fixed jumbo @ 4.875%

5-yr jumbo ARM @ 3.25%

Purchase rates with optional 1% point

30-yr fixed @ 3.75%

15-yr fixed @ 3%

5-yr ARM @ 2%

5-yr Interest Only @ 2.5%

7-yr ARM @ 2.875%

FHA 30-yr fixed @ 3.5%

FHA 5-yr ARM @ 2.75%

30-yr fixed jumbo @ 4.5%

5-yr jumbo ARM @ 2.875%

*Assumes a 20% down payment for conventional SFH purchases

and 3.5% for FHA transactions with a 740 credit score.

97% Conventional Single Family Home financing available.

530 FICO scores for FHA financing available.

That’s right, we can get your not so perfect credit clients approved with this FHA program.

Have your clients call today!

Mike Jennings

Sr. Residential and Commercial Mortgage Advisor

Nominated Mortgage Company of the Year

Capital Financial Bancorp, Inc.

1003 N Damen

Chicago, IL 60622

773-235-0111 x 115 Office

312-493-6021 Direct

773-496-8572 Fax

NMLS# 215236

www.mikeshomeloans.com

Mortgage Rates - 11/15/2011

KRAIN - Residential and Commercial Real Estate — Tue, 15 Nov 2011 20:31:00 GMT

11/15/11 purchase rates with 0% points

30-yr fixed @ 3.875%

15-yr fixed @ 3.25%

5-yr ARM @ 2.875%

5-yr Interest Only @ 3%

7-yr ARM @ 3.125%

FHA 30-yr fixed @ 3.75%

FHA 5-yr ARM @ 2.875%

30-yr fixed jumbo @ 4.5%

5-yr jumbo ARM @ 2.875%

Purchase rates with optional 1% point

30-yr fixed @ 3.625%

15-yr fixed @ 3.125%

5-yr ARM @ 2.5%

5-yr Interest Only @ 2.625%

7-yr ARM @ 2.875%

FHA 30-yr fixed @ 3.625%

FHA 5-yr ARM @ 2.625%

30-yr fixed jumbo @ 4.25%

5-yr jumbo ARM @ 2.625%

*Assumes a 20% down payment for conventional SFH purchases

and 3.5% for FHA transactions with a 740 credit score.

Did you know we are a HomePath lender? If a property your client is interested in is already HomePath approved (www.homepath.com) they can put down as little as 3% with conventional financing. Furthermore, approved properties do not require monthly PMI (increases buying power) nor an appraisal. HomePath also allows financing in condo developments with high HOA delinquencies, ongoing litigation and higher than normal investor concentration. It’s a fantastic program for your buyers and best yet, we can close them quickly since the property is already Fannie Mae approved. Call or email me for additional information.

97% Conventional Single Family Home financing available.

530 FICO scores for FHA financing available.

That’s right, we can get your not so perfect credit clients approved with this FHA program.

Have your clients call today!

Mike Jennings

Sr. Residential and Commercial Mortgage Advisor

Nominated Mortgage Company of the Year

Capital Financial Bancorp, Inc.

1003 N Damen

Chicago, IL 60622

773-235-0111 x 115 Office

312-493-6021 Direct

773-496-8572 Fax

NMLS# 215236

www.mikeshomeloans.com

13th District Police Station May Be Closed!

KRAIN - Residential and Commercial Real Estate — Fri, 30 Sep 2011 19:16:00 GMT

13th District Police Station May Be Closed!

According to various media sources and local residents, the City may be planning to close the 13th District Wood Street Police Station. We are currently trying to get some facts direct from the source.

There is an online petition started by a local resident to oppose the closing.

Here is a flier created by the same local resident.

Here is an article from the Sun Times.

The WTCC Board of Directors has yet to officially vote on the issue, however the majority are opposed to closing the station via email poll. We have reached out to the 13th District Commander to get some more facts and will share as we receive. We plan to have a petition to save the 13th Police Station at the welcome tents at Design Harvest this weekend.

Do Division Street Fest Proceeds

KRAIN - Residential and Commercial Real Estate — Fri, 30 Sep 2011 19:14:00 GMT

What a summer! The Do Division Street Fest kicked the summer season off with a great event that raised over $148,000 for the local community! The proceeds got split between the chamber, three local elementary schools, and primarily benefitted the Division Street Committee which plans marketing and beautification programs specifically for the Division Street commercial corridor.

$148,663	Proceeds Do Division Street Fest 2011 benefiting:
$29,733	WTCC 20%
$11,893	Pritzker School 8%
$11,893	Lasalle School 8%
$7,433	De Diego School 5%
$87,711	Division Street Committee 59% / - 15K Sponsorship = $72,711 net)

9/22/11 Rates + Fed injects $400 billion to keep rates low for the next 3 years, rates tumble on news

KRAIN - Residential and Commercial Real Estate — Thu, 22 Sep 2011 17:49:00 GMT

The Federal Reserve will replace some bonds in their portfolio with longer-term Treasuries in an effort to reduce borrowing costs, the Federal Open Market Committee said today in Washington. The central bank will buy $400 billion worth of bonds with maturities of six to 30 years between now and June 2012, while simultaneously selling an equivalent amount of debt maturing in three years or less. In buying longer-term debt, the FOMC hopes to “put downward pressure on longer-term interest rates and help make broader financial conditions more accommodative,” according to a statement released this afternoon. The Federal Reserve will also reinvest maturing mortgage debt into mortgage-backed securities. http://wallstcheatsheet.com/economy/fomc-fed-to-buy-longer-term-treasuries.html/

This is move should secure low rates for the next three years which is great for our industry. On the news rates have tumbled and have yet again hit new lows!

9/22/11 purchase rates with 0% points

30-yr fixed @ 3.75%

15-yr fixed @ 3.125%

5-yr ARM @ 2.75%

5-yr Interest Only @ 2.875%

7-yr ARM @ 3%

FHA 30-yr fixed @ 3.625%

FHA 5-yr ARM @ 2.75%

30-yr fixed jumbo @ 4.5%

5-yr jumbo ARM @ 3.125%

Purchase rates with optional 1% point

30-yr fixed @ 3.625%

15-yr fixed @ 2.875%

5-yr ARM @ 2.5%

5-yr Interest Only @ 2.5%

7-yr ARM @ 2.875%

FHA 30-yr fixed @ 3.5%

FHA 5-yr ARM @ 2. 625%

30-yr fixed jumbo @ 4.125%

5-yr jumbo ARM @ 2.75%

*Assumes a 20% down payment for conventional SFH purchases

and 3.5% for FHA transactions with a 740 credit score.

97% Conventional Single Family Home financing available.

530 FICO scores for FHA financing available.

That’s right, we can get your not so perfect credit clients approved with this FHA program.

Have your clients call today!

Mike Jennings

Sr. Residential and Commercial Mortgage Advisor

Nominated Mortgage Company of the Year

Capital Financial Bancorp, Inc.

1003 N Damen

Chicago, IL 60622

773-235-0111 x 115 Office

312-493-6021 Direct

773-496-8572 Fax

NMLS# 215236

www.mikeshomeloans.com

Mortgage Foreclosure Surplus Fund

KRAIN - Residential and Commercial Real Estate — Thu, 08 Sep 2011 23:40:00 GMT

Nearly 2,000 people are listed on the Mortgage Foreclosure Surplus Fund list and are owed money. If you lost a home in Cook County due to foreclosure and would like to find out if you are entitled any funds, please click on the following link and you will be directed to the "Mortgage Surplus Search" portal on the Clerk's Office website. http://services.cookcountyclerkofcourt.org/foreclosure/

8/30/11 rates + HomePath benefits

KRAIN - Residential and Commercial Real Estate — Tue, 30 Aug 2011 22:51:00 GMT

Did you know we are a HomePath lender?

If a property your client is interested in is already HomePath approved (www.homepath.com) they can put down as little as 3% with conventional financing. Furthermore, approved properties do not require monthly PMI (increases buying power) nor an appraisal. HomePath also allows financing in condo developments with high HOA delinquencies, ongoing litigation and higher than normal investor concentration. It’s a fantastic program for your buyers and best yet, we can close them quickly since the property is already Fannie Mae approved. Call or email me for additional information.

8/30/11 purchase rates with 0% points

30-yr fixed @ 4.25%

15-yr fixed @ 3.375%

5-yr ARM @ 2.875%

5-yr Interest Only @ 3%

FHA 30-yr fixed @ 3.75%

FHA 5-yr ARM @ 3%

30-yr fixed jumbo @ 5.125%

5-yr jumbo ARM @ 3.25%

5-yr Jumbo Interest Only @ 3.375%

Purchase rates with optional 1% point

30-yr fixed @ 4%

15-yr fixed @ 3. 25%

5-yr ARM @ 2.5%

5-yr Interest Only @ 2.625%

FHA 30-yr fixed @ 3.625%

FHA 5-yr ARM @ 2. 75%

30-yr fixed jumbo @ 4.625%

5-yr jumbo ARM @ 3%

5-yr Interest Only @ 3.125%

*Assumes a 20% down payment for conventional SFH purchases

and 3.5% for FHA transactions with a 740 credit score.

97% Conventional Single Family Home financing available.

530 FICO scores for FHA financing available.

That’s right, we can get your not so perfect credit clients approved with this FHA program.

Have your clients call today!

Mike Jennings

Sr. Residential and Commercial Mortgage Advisor

Nominated Mortgage Company of the Year

Capital Financial Bancorp, Inc.

1003 N Damen

Chicago, IL 60622

773-235-0111 x 115 Office

312-493-6021 Direct

773-496-8572 Fax

NMLS# 215236

www.mikeshomeloans.com

8/4/11 rates-lowest rates of the year!

KRAIN - Residential and Commercial Real Estate — Thu, 04 Aug 2011 16:17:00 GMT

The continuous volatility in the markets have pushed rates to 2011 lows!

8/4/11 purchase rates with 0% points

30-yr fixed @ 4.25%

15-yr fixed @ 3.5%

5-yr ARM @ 3%

5-yr Interest Only @ 3.125%

FHA 30-yr fixed @ 4%

FHA 5-yr ARM @ 3%

30-yr fixed jumbo @ 5.125%

5-yr jumbo ARM @ 3.5%

5-yr Jumbo Interest Only @ 3.625%

Purchase rates with optional 1% point

30-yr fixed @ 4.125%

15-yr fixed @ 3. 25%

5-yr ARM @ 2.625%

5-yr Interest Only @ 2.75%

FHA 30-yr fixed @ 3.75%

FHA 5-yr ARM @ 2. 5%

30-yr fixed jumbo @ 4.875%

5-yr jumbo ARM @ 2.75%

5-yr Interest Only @ 3%

*Assumes a 20% down payment for conventional SFH purchases

and 3.5% for FHA transactions with a 740 credit score.

97% Conventional Single Family Home financing available.

530 FICO scores for FHA financing available.

That’s right, we can get your not so perfect credit clients approved with this FHA program.

Have your clients call today!

7/27/2011 Rates

KRAIN - Residential and Commercial Real Estate — Wed, 27 Jul 2011 22:00:00 GMT

7/27/11 purchase rates with 0% points

30-yr fixed @ 4.625%

15-yr fixed @ 3.875%

5-yr ARM @ 3.125%

5-yr Interest Only @ 3.25%

FHA 30-yr fixed @ 4.375%

FHA 5-yr ARM @ 3.25%

30-yr fixed jumbo @ 5.125%

5-yr jumbo ARM @ 3.375%

5-yr Jumbo Interest Only @ 3.5%

Purchase rates with optional 1% point

30-yr fixed @ 4.375%

15-yr fixed @ 3. 5%

5-yr ARM @ 2.875%

5-yr Interest Only @ 2.875%

FHA 30-yr fixed @ 4.125%

FHA 5-yr ARM @ 2.875%

30-yr fixed jumbo @ 4.875%

5-yr jumbo ARM @ 3%

5-yr Interest Only @ 3.125%

*Assumes a 20% down payment for conventional SFH purchases

and 3.5% for FHA transactions with a 740 credit score.

97% Conventional Single Family Home financing available.

530 FICO scores for FHA financing available.

That’s right, we can get your not so perfect credit clients approved with this FHA program.

Have your clients call today!

7/7/11 Rates

KRAIN - Residential and Commercial Real Estate — Thu, 07 Jul 2011 17:18:00 GMT

7/7/11 purchase rates with 0% points

30-yr fixed @ 4.75%

15-yr fixed @ 3.875%

5-yr ARM @ 3.25%

5-yr Interest Only @ 3.375%

FHA 30-yr fixed @ 4.375%

FHA 5-yr ARM @ 3.25%

30-yr fixed jumbo @ 5.125%

5-yr jumbo ARM @ 3.375%

5-yr Jumbo Interest Only @ 3.5%

Purchase rates with optional 1% point

30-yr fixed @ 4.5%

15-yr fixed @ 3.625%

5-yr ARM @ 2.875%

5-yr Interest Only @ 3%

FHA 30-yr fixed @ 4.25%

FHA 5-yr ARM @ 3.%

30-yr fixed jumbo @ 5%

5-yr jumbo ARM @ 3%

5-yr Interest Only @ 3.125%

*Assumes a 20% down payment for conventional SFH purchases

and 3.5% for FHA transactions with a 740 credit score.

97% Conventional Single Family Home financing available.

530 FICO scores for FHA financing available.

That’s right, we can get your not so perfect credit clients approved with this FHA program.

99% Financing available for owner occupied purchases!

1% down (must be borrower’s own funds)

No mortgage insurance required

Max loan amount is $250k

SFH, townhomes, condo and 2-flats only

Condos with litigation or HOA delinquencies allowed

Min FICO score is 625

Max debt ratio is 40%

5-yr ARM’s only

Current rates are 4.8%

Have your clients call today!

Mike Jennings

Sr. Residential and Commercial Mortgage Advisor

Nominated Mortgage Company of the Year

Capital Financial Bancorp, Inc.

1003 N Damen

Chicago, IL 60622

773-235-0111 x 115 Office

312-493-6021 Direct

773-496-8572 Fax

NMLS# 215236

www.mikeshomeloans.com

Open House in Carol Stream on Sunday

KRAIN - Residential and Commercial Real Estate — Fri, 24 Jun 2011 20:47:00 GMT

Carol Stream, DuPage County - We invite everyone to visit our open house at 904 Waco Dr on June 26 from 11:00 AM to 2:00 PM.

Property information

FAQ - HomePath & HomePath Renovation Mortgage Guidelines

KRAIN - Residential and Commercial Real Estate — Wed, 22 Jun 2011 18:03:00 GMT

HomePath Mortgages:

· Minimum Down Payment is 3% but 5% is best.

· Investor’s minimum down payment is 10% down.

· 2 Unit properties require 20% down regardless of occupancy.

· 3-4 units require 25% down regardless of occupancy.

· An appraisal is not required.

· Regardless of down payment mortgage insurance is not required.

· Most closings can occur within 30 days.

· The interest rate is usually .375% higher than market.

· The payment on a HomePath Mortgage will always be lower than an FHA payment.

· Condos do not require HOA certificates. Verification of owner occupancy ratios or percentage of delinquent HOA dues is not required.

· Condotels are not allowed.

· Condos in Arizona, California, Florida, Michigan and Nevada are not eligible.

· Manufactured homes are not eligible.

· Minimum credit score is 660 unless the down payment is 20% then the minimum score is 620. No exceptions.

· The minimum loan amount is $50,000. The maximum loan amount is $417,000.

· The seller can pay up to 6% of the sales price towards the borrowers closing costs. Regardless of loan to value.

· HomePath is a conventional loan product.

HomePath Renovation Mortgages:

· Minimum Down Payment is 3% but the fees to do this will exceed 2% of the loan amount. I require 5% down on all HPR loans.

· The sales price on the contract should not include the cost of repairs.

· A list of required repairs will not be provided. The borrower must rely on their inspection.

· Sweat equity is not allowed. Borrowers must hire one credible General Contractor to bid the entire project.

· Multiple bids are not allowed.

· The General Contractor must attend closing.

· The repairs are completed after closing.

· The minimum down payment for investors is 15%.

· 2 unit properties require 25% down regardless of occupancy.

· 3-4 unit properties require 30% down regardless of occupancy.

· Condominiums, manufactured housing and co ops are not eligible.

· Properties in New York, New Jersey, Delaware and North and South Dakota are not eligible.

· Miami Dade County in Florida is not eligible.

· Renovation funds can be used for cosmetic renovations.

· The bid must include all required repairs necessary to bring the house up to average condition.

· Barns and pools cannot be added.

· $35,000 is the maximum the borrower can escrow, but additional repair costs can be paid in cash.

· Minimum loan amount is $50,000. However the program doesn’t work if the loan amount is under $100,000.

***all information subject to error or ommission

6/16/11 Mortgage Rates

KRAIN - Residential and Commercial Real Estate — Thu, 16 Jun 2011 19:19:00 GMT

6/11/11 purchase rates with 0% points

30-yr fixed @ 4.5%

15-yr fixed @ 3.75%

5-yr ARM @ 3.125%

5-yr Interest Only @ 3.25%

FHA 30-yr fixed @ 4.25%

FHA 5-yr ARM @ 3.25%

30-yr fixed jumbo @ 5.375%

5-yr jumbo ARM @ 3.125%

5-yr Jumbo Interest Only @ 3.5%

Purchase rates with optional 1% point

30-yr fixed @ 4.25%

15-yr fixed @ 3.5%

5-yr ARM @ 2.75%

5-yr Interest Only @ 3%

FHA 30-yr fixed @ 4.125%

FHA 5-yr ARM @ 3.125%

30-yr fixed jumbo @ 5.125%

5-yr jumbo ARM @ 2.875%

5-yr Interest Only @ 3.25%

*Assumes a 20% down payment for conventional SFH purchases

and 3.5% for FHA transactions with a 740 credit score.

97% Conventional Single Family Home financing available.

530 FICO scores for FHA financing available.

That’s right, we can get your not so perfect credit clients approved with this FHA program.

99% Financing available for owner occupied purchases!

1% down (must be borrower’s own funds)

No mortgage insurance required

Max loan amount is $250k

SFH, townhomes, condo and 2-flats only

Condos with litigation or HOA delinquencies allowed

Min FICO score is 625

Max debt ratio is 40%

5-yr ARM’s only

Current rates are 4.8%

Have your clients call today!

Mike Jennings

Sr. Residential and Commercial Mortgage Advisor

Nominated Mortgage Company of the Year

Capital Financial Bancorp, Inc.

1003 N Damen

Chicago, IL 60622

773-235-0111 x 115 Office

312-493-6021 Direct

773-496-8572 Fax

NMLS# 215236

www.mikeshomeloans.com

No Cost Purchase/Refinance Spring Special (TWO WEEKS REMAIN!)

KRAIN - Residential and Commercial Real Estate — Mon, 16 May 2011 19:47:00 GMT

Just a friendly reminder that this purchase and refinance special ends in just over two weeks (5/31/11). Although the response has been great, I do want to be sure everyone who can benefit from this great offer takes advantage of the offer. Program details are below in case you missed it.

Spring is upon us and I’m happy to announce that as of today we are offering a no cost* purchase or refinance for all applications received between May 2^nd-May 31^st**.

Take advantage of today’s low rates without paying the near $2,600 in closing costs to purchase or refinance. We offer many programs ranging from 10-40 year fixed programs, 3-10-yr ARM programs, Jumbo loan programs, FHA programs for credit scores as low as 530, Interest Only programs and 99% No PMI programs for purchases. Guidelines are becoming a bit more relaxed these days when it comes to qualifying so if you or someone you know is in the market to purchase or refinance, please let me know.

If you feel you’ve lost equity in your home and are unable to refinance at this time you might be surprised. We have programs in place to assist those in the unfortunate position and yes, you can still take advantage of today’s low rates.

Contact me today for a free rate quote!

*Appraisal fee is collected upfront and a credit will be given at closing for the fee. If your loan does not fund/close for any reason, the fee is forfeited.

**There are no restrictions to when your loan closes as long as the application date is between 5/2-5/31.

***Closing cost credit up to $2,600. Cannot be used for pre-paid escrows.

Mike Jennings

Sr. Residential and Commercial Mortgage Advisor

Nominated Mortgage Company of the Year

Capital Financial Bancorp, Inc.

1003 N Damen

Chicago, IL 60622

773-235-0111 x 115 Office

312-493-6021 Direct

773-496-8572 Fax

NMLS# 215236

2014 W Augusta #1 - Open House in Ukrainian Village on Sunday

KRAIN - Residential and Commercial Real Estate — Thu, 12 May 2011 19:22:00 GMT

Ukrainian Village, Chicago - We invite everyone to visit our open house at 2014 W Augusta #1 on May 15 from 12:00 PM to 3:00 PM.

Property information

No Cost Purchase/Refinance Spring Special

KRAIN - Residential and Commercial Real Estate — Mon, 02 May 2011 18:41:00 GMT

Spring is upon us and I’m happy to announce that as of today we are offering a no cost* purchase or refinance for all applications received between May 2^nd-May 31^st**.

Contact me today for a free rate quote!

*Appraisal fee is collected upfront and a credit will be given at closing for the fee. If your loan does not fund/close for any reason, the fee is forfeited.

**There are no restrictions to when your loan closes as long as the application date is between 5/2-5/31.

***Closing cost credit up to $2,600. Cannot be used for pre-paid escrows.

Mike Jennings

Sr. Residential and Commercial Mortgage Advisor

Nominated Mortgage Company of the Year

Capital Financial Bancorp, Inc.

1003 N Damen

Chicago, IL 60622

773-235-0111 x 115 Office

312-493-6021 Direct

773-496-8572 Fax

NMLS# 215236

519 Claremont - Open House in South Downers Grove on Saturday

KRAIN - Residential and Commercial Real Estate — Thu, 28 Apr 2011 16:36:00 GMT

South Downers Grove, Downers Grove - We invite everyone to visit our open house at 519 Claremont Dr. on April 30 from 12:00 PM to 3:00 PM.

Property information

533 Rush, Roselle - Open House in Roselle on Saturday

KRAIN - Residential and Commercial Real Estate — Thu, 28 Apr 2011 16:32:00 GMT

Roselle, Cook County - We invite everyone to visit our open house at 533 Rush on April 30 from 12:00 PM to 3:00 PM.

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2014 W Augusta #1 - Duplex Down - Open House in Ukrainian Village on Saturday

KRAIN - Residential and Commercial Real Estate — Thu, 28 Apr 2011 16:24:00 GMT

Ukrainian Village, Chicago - We invite everyone to visit our open house at 2014 W Augusta #1 on April 30 from 12:00 PM to 3:00 PM.

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Open House in South Downers Grove on Sunday

KRAIN - Residential and Commercial Real Estate — Sat, 16 Apr 2011 21:01:00 GMT

South Downers Grove, Downers Grove - We invite everyone to visit our open house at 519 Claremont Dr. on April 17 from 12:00 PM to 3:00 PM.

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Open House in Ukrainian Village on Saturday

KRAIN - Residential and Commercial Real Estate — Fri, 15 Apr 2011 22:55:00 GMT

Ukrainian Village, Chicago - We invite everyone to visit our open house at 2014 W Augusta #1 on April 16 from 11:00 AM to 2:00 PM.

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3/16/2011 rates+ new programs available

KRAIN - Residential and Commercial Real Estate — Wed, 16 Mar 2011 19:31:00 GMT

97% Conventional Single Family Home financing available. No longer do you have to rely on FHA financing for low down payment buyers. Avoid the strict FHA appraisal requirements, upfront FHA MI premiums and high monthly FHA PMI rates with this new conventional program. 95% Conventional (non-FHA) Condo financing available. No need to search for already approved FHA condo projects or having to worry about obtaining new FHA project approval with this conventional program. 530 FICO scores for FHA financing available. That’s right, we can get your not so perfect credit clients approved with this FHA program. 99% Financing available for owner occupied purchases! 1% down (must be borrower’s own funds) No mortgage insurance required Max loan amount is $250k SFH, townhomes, condo and 2-flats only Condos with litigation or HOA delinquencies allowed Min FICO score is 625 Max debt ratio is 40% 5-yr ARM’s only Current rates are 4.8% Have your clients call today! 3/16/11 purchase rates with 0% points 30-yr fixed @ 4.75% 15-yr fixed @ 3.875% 5-yr ARM @ 3.25% 5-yr Interest Only @ 3.49% FHA 30-yr fixed @ 4.75% FHA 5-yr ARM @ 3.375% 30-yr fixed jumbo @ 5.375% 5-yr jumbo ARM @ 3.5% 5-yr Jumbo Interest Only @ 3.875% Purchase rates with optional 1% point 30-yr fixed @ 4.5% 15-yr fixed @ 3.75% 5-yr ARM @ 3% 5-yr Interest Only @ 3.25% FHA 30-yr fixed @ 4.5% FHA 5-yr ARM @ 3.125% 30-yr fixed jumbo @ 5.25% 5-yr jumbo ARM @ 3.375% 5-yr Interest Only @ 3.75% *Assumes a 20% down payment for conventional and 3.5% for FHA transactions with a 740 credit score.

Mike Jennings
Sr. Residential and Commercial Mortgage Advisor
Nominated Mortgage Company of the Year
Capital Financial Bancorp, Inc.
1003 N Damen Chicago, IL 60622
773-235-0111 x 115 Office
312-493-6021 Direct
773-496-8572 Fax
NMLS# 215236
www.mikeshomeloans.com