23Apr2014
WHAT IS THE DIFFERENCE  BETWEEN  MORTGAGE RATE AND MORTGAGE APR? Thumbnail

WHAT IS THE DIFFERENCE BETWEEN MORTGAGE RATE AND MORTGAGE APR?

WHAT IS THE DIFFERENCE BETWEEN MORTGAGE RATE AND MORTGAGE APR?   Most financial advisors and public information sites tell  buyers to use APR to compare the costs of mortgages when shopping between different lenders. In fact in my opinion shopping with APR can make you choose a more expensive mortgage and a mortgage that is not the best fit for your financial needs. Let us understand wh

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31Mar2014
Renovation Loans for Investors Thumbnail

Renovation Loans for Investors

Renovation Loans for Investors Lots of borrowers and agents reach out to me with questions about renovation loans. Here are some of my notes for an investor looking to purchase a home and complete renovations. Since you are an investor, the first thing for us to do is to make sure you have all the funds in your name. When you are doing an investor loan, renovation or otherwise, all the fund

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25Mar2014
A Second House for Summer? Thumbnail

A Second House for Summer?

A Second House for Summer? Looking for a permanent getaway or a home-away-from-home? We all need to escape sometimes, and it can be nice to adventure off to a place that will always have a familiar and cozy feeling to it, while still allowing you to get away from life's everyday stress and problems. Many people desire a second house to call their own, especially for the summer months. Other

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20Mar2014
Directions to Ridhi Raheja’s Office Thumbnail

Directions to Ridhi Raheja’s Office

Directions to Ridhi Raheja's Office Ever wondered where we are located? You can find Ridhi and the team working daily in Naperville, Illinois on loans for borrowers from all over the place! Feel free to come meet the team, bring in your paperwork, ask us questions, learn a new agent skill, etc! We love our visitors!   DIRECTIONS FROM THE EAST (CHICAGO): - Get on I-290 West - Kee

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13Mar2014
Property Conditions that will Stop your FHA Loan’s Closing Thumbnail

Property Conditions that will Stop your FHA Loan’s Closing

Property Conditions that will Stop your FHA Loan's Closing   What are the missing items of repairs that can stop you from closing on your new home if you are getting a FHA mortgage?  These are minor things that get overlooked but will be needed to be repaired before you can  get the clear to close from the underwriter if the appraiser marks them on the  appraisal . These are items that the

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27Feb2014
Tips to Make Sure Your Home Loan is NOT Denied Thumbnail

Tips to Make Sure Your Home Loan is NOT Denied

Tips to Make Sure Your Home Loan is NOT Denied   Here are some tips for you to make sure your home loan does not get denied. When you apply for a home loan, usually your loan officer will help you in getting your loan application filled and in giving you the list of the supporting documents, but they can only help you if you help yourself. The most important thing is to fill out your loan a

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24Feb2014
Understanding Debt-to-Income Ratios for Mortgage Approval Thumbnail

Understanding Debt-to-Income Ratios for Mortgage Approval

Understanding Debt-to-Income Ratios for Mortgage Approval It is important to understand the debt to income ratios when it comes to mortgage approval. With the new Qualified Mortgage rules that went into effect on January 10th, 2014, it has become crucial for homebuyers and Realtors to understand how the loan approval process  is impacted with these new rules that have been put into place by

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14Feb2014
Understanding Title Insurance and Why You Need It When Buying a Home Thumbnail

Understanding Title Insurance and Why You Need It When Buying a Home

Understanding Title Insurance and Why You Need It When Buying a Home Title insurance is required when you buy a home with a mortgage, but it is still a good idea even when you buy a home with cash. A home is likely to be one of the biggest investments you will make in your lifetime. It is important to make sure that the home’s title is free and clear, and the seller really owns the home

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12Feb2014
Tips to Close Your Home Loan on Time! Thumbnail

Tips to Close Your Home Loan on Time!

Tips to Close on Your Home Loan on Time Are you currently in the mortgage process or looking to finance the purchase of a new home soon? One of the things you'll stress over most is meeting your closing date! Borrowers, like you, need to know that there are actually some things you can do to help speed the process along! The goal is to get to the final clear-to-close (CTC) on your mortgage. We

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03Feb2014
Share the Love! Thumbnail

Share the Love!

Our business survives and thrives on referrals and positive reviews! I pride myself as being more than a loan officer, but an advisors and guide through a the most important and largest purchase of your life! We know the process can seem complicated, but we really are here to help. I, as well as my team, really want to be your true friend in the mortgage industry. And for this month, we'd li

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