Mortgage News

Mortgages remain widely available and at good rates. To calculate your proposed payment figure every $50,000 financed is about $309 a month. The more you put down, the less you finance and the lower your payment. Another way to lower your payment is to do a 40 year term. It won't have much of a payment affect unless you have a large loan amount. For example $200,000 at 6.25% on a 30 year fixed mortgage is about $1233 a month. The same loan amount on a 40 year term at 6.375% is about $1153 a month. So a 40 year term would save you about $80 a month in this example.

You should strive to put down 20% on a purchase if you can but you can put as little as 3% down or even get a grant for the down payment. Call us to apply today.

30 year mortgage rate at 5.875%

We are offering a 30 year mortgage rate at 5.875% for Wisconsin borrowers with income, credit and equity. This rate is also good for a purchase of an owner occupied 1-4 unit home. To apply call 414-416-9194 or email me at wisconsinmortgages@gmail.com

APR 5.99%

FHA loans up to $315,000

An FHA loan may be a good solution for you to get out from under an ARM loan or to purchase a home with limited down payment. Qualifying can be easier with an FHA than a conventional mortgage. Gift funds can be used for a 3% down payment or we can obtain a grant for the down payment for you! To apply for a purchase or refinance call me today at 414-416-9194.

10 Ways To Improve Your Credit

If you are looking to purchase a car or home in the next six months and you would like to increase your credit scores to receive the best rates you need a copy of our special report. To receive your personal copy email your name, phone number and address to wisconsinmortgages@gmail.com and we will send you the report.

Why Rent?

When you rent you are paying your landlord's mortgage and allowing them to build equity and enjoy tax benefits. Why rent when you can own? A mortgage payment is about 600 monthly per every $100,000 financed. Of course you also need to pay property taxes and insurance and maintenance. Isn't it time you looked into home ownership? You can buy today with as little as 3% down. If you do not have the downpayment and your credit is average or above average you can purchase with no money down. Contact us today to fill out an application. 414-416-9194

For Sale By Owner

If you are selling without a realtor we may be able to help you. We can help with signage, web site set-up, a call capture system and marketing ideas. We offer this service to promote our company and may be able to help you. To learn more about this unique service contact me today at 414-416-9194.

Top Six Reasons Your House Won't Sell

Your home is priced higher than comparable homes in your neighborhood.
You have not updated your kitchen.
You have not painted in 5 years or had carpets cleaned.
You have not emptied the closets and organized the garage.
You have not cleaned up oil spills.
You have not bought fresh flowers and put them in several rooms in your house.

FHA LOAN LIMITS INCREASED TO $315,000

We offer fixed rate government insured FHA loans up to $315,000 in Milwaukee county now. If your present mortgage is not fixed or is above 6.5% you need to call me today to save tens of thousands of dollars on your mortgage interest. Call 414-416-9194 now. An Equal Housing Lender

What Determines Mortgage rates?

Every time the Federal Reserve cuts rates consumers figure mortgage rates have improved. Fear of inflation, jobs and the bond market affect long term rates like mortgages more than anything the Federal Reserve does.

Rates currently are in the 5s for folks with good credit and equity. These rates are at historic lows. Did you know the difference between 5.5% and 6.75% on a loan of $150,000 is about $121 a month or $1500 annually? A savings of about $45,000 over the life of the loan.


Apply today to see what your savings could be.

APPLY 24/7

Apply by calling 414-416-9194 anytime or go to www.glmcdirect.com to loan application and scroll down to my name.