South Side Homes

Looking for a home on the south side of the city? Log on to www.relyonrich.com
He knows the south side. To get pre approved call 414-416-9194 today!

Free Wisconsin Home Search

Searching the web for homes for sale? Try WIHOMES.COM You can search homes statewide in the areas and prices that interest you.

Free Mortgage Check Up

Time for a free mortgage check-up? You could have a leak in your cash flow costing you thousands of dollars annually because you haven't had a mortgage loan officer review your situation. We offer a free consultation to see if it makes sense to refinance now or never. Rates change constantly as does your situation so it's important to review your situation at least once a year, If it makes sense to refinance now based on market rates and your current situation and equity position you can take advantage of it now or make the decision to do nothing and review your options later. The choice is yours. Call today to schedule a no obligation free check up. 414-416-9194

How To Apply

To apply for a mortgage gather two years of taxes, current paystubs or income statements, two months bank statements, your closing statement from your last closing and call 414-416-9194 to schedule an appointment. If you are renting and are looking to purchase you can follow the same format but you won't be bringing any closing statements. You should bring your landlord's name, phone number and address.

Mortgage Rates Fall

Mortgage rates continued to fall Monday and are now below 6.0% on a 30 year fixed term for borowers with good credit and equity or downpayment. Money market rates for savers and CDs continued their downward spiral which will become an increasing concern for fixed income people who depend on interest and dividends to supplement their social security. The Federal Reserve meets next week which will have an affect on borrowing and saving.

Home Buyer Seminar

Are you renting and have real estate questions? We offer free home buyer seminars for renters looking to purchase in the next six months at our Bay View office. We will check your credit, income and offer suggestions to position yourself to purchase in this current Buyers market. Take advantage of current home prices. Start building equity today. To sign up for the hour long seminar contact Pete Cannon today at 414-527-7800 x 108

FHA Mortgages Available

An FHA mortgage is a great product for a first time homebuyer to buy with as little as 3% down.
Generally, the term is a 30 year fixed loan and the rates lately are below 7%. An advantage of an FHA loan is the approval guidelines are easier than a traditional conforming loan. Another advantage is that you can do a streamline refinance in the future with limited documentation as long as you have a good payment history.

The monthly mortgage insurance that you pay because you are putting less than 20% down is less than it would be on a monthly basis with a conforming loan. The reason for this is because most of the mortgage insurance is financed up front in the loan amount which allows you to pay less monthly.

For the downpayment of 3% gift funds may be used. The loans require an escrow account which simply means the property taxes and homeowners insurance are paid monthly with your mortgage payment so you never have to worry about coming up with a tax payment at the end of the year.

Great Lakes Mortgage News

Great Lakes Mortgage Corp. now has four Milwaukee area offices to serve you. Delafield, Bay View, Kenosha, and on the west side of Milwaukee. There now is more reason than ever to meet with Loan Officer Pete Cannon and start saving more money for retirement.

Prime Rate Lower?

Market watchers are awaiting the conclusion of a two day Federal reserve meeting this week. Experts say there is a good chance that the rate that banks charge each other for overnight loans may be reduced which in turn would lower the prime rate. The prime rate is currently at 7.75%.
Home Equity Lines of Credits, credit cards, and other consumer loans are tied to this benchmark. A 30 year fixed mortgage rate moves more in tandem with the 10 year bond rate. What does it all mean? Stay tuned. Currently mortgage rates remain near historic lows, however rates on lines of credit are not as favorable as some years ago.

Rates Improve

A 30 year fixed mortgage rate was available today at 6.125%. This offer is for owner occupied single-family residences in the state of Wisconsin. Good credit and equity are required to obtain this rate. Generally, this rate is available for a purchase or refinance in the next 20 days up to 80% loan to value. This rate is only available by contacting Loan Officer Pete Cannon at 414-527-7800 x 108 Not all will qualify. An Equal Housing Lender.

Home Buyers Handbook Available

If you are thinking of purchasing property in the next 12 months you owe it to yourself to call or email for your free copy of our homebuyers handbook. You will save thousands of dollars with the knowledge you will gain from reading this book. Contact me at pc@glmcdirect.com or call 4141-416-9194 today to reserve a copy. They are going fast!

Free Home Search

http://www.wihomes.com

Home Values Increase in Milwaukee

Home sale prices increased again in Milwaukee County from an average of $182,987 to
$192,876 over the past 9 months, according to a recent report. Milwaukee Countyvalues are a hotspot in the southeastern Wisconsin market. Waukesha County home values eased about 2% over the same 9 month period.

Zero Money Down Home Loans Available

Zero Money Down Home Loans are available for buyers in Wisconsin who qualify. Many investors we work with have loan programs which will allow you to own your own home with little or no money out of pocket. Often times when you purchase a home with less than 20% down you pay mortgage insurance. However, we now have loan programs where your monthly mortgage insurance payment is less than you may think. It is usually a good idea to put some money down like 3-5% of the purchase price however in many cases it is not necessary.

33 Ways To Sell Your Home Fast

Thinking of putting your home on the market?Read this valuable book. Call or email for your free copy today. 414-416-9194 pc@glmcdirect.com

Homebuyers Handbook

Looking to buy a home? We offer a free Homebuyers Handbook to assist you. Email today for your free copy. pc@glmcdirect.com

Home Values Double

The average US home doubled in value over the 17 years from 1980-1997, then doubled again in the 10 years from 1997-2007, according to the Office of Federal Housing Enterprise Oversight.

Bay View Mortgages

Buying or Selling a home? To list your home contact Rich Barnes at Realty Experts at 2915 S. Kinnickinnic Ave at 414-899-8146. To obtain a pre-qualification for your purchase contact Pete Cannon at Great Lakes Mortgage Corp. at 414-416-9194 or 414-527-7800 x 108
www.glmcdirect.com
www.relyonrich.com
www.petecannon.info

Bay View News