Rate Lock Service Available

We offer a rate lock service to allow you to lock a rate for up to 30 days at no charge to you. Call now. 414-416-9194

15 Year Rates Below 5%

A 15 year rate is now available below 5%. The APR would be 4.99%. A 30 year fixed rate is now available at 5.375% with an APR at 5.43% Apply today. This offer will not last. Call 414-527-7800x108 or 414-416-9194

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.