The mortgage industry has experienced positive changes in the last several years designed to protect the consumer, but many are still confused about what they need to do to get a loan. According to a survey by media research company Ipsos, 36 percent of Americans polled think that a 20 percent down payment is required to qualify for financing. "Loan regulations have loosened this year to allow fo...
When the new TRID regulations go into effect on Oct. 3 -- extended from Aug. 1 -- lenders will no longer be able to require a borrower to provide verifying documents prior to writing a preapproval letter. Loan officers will need to rely upon information that the borrower willingly volunteers in order to avoid triggering TRID's three-day window for delivering initial disclosures. "Prequalification...
Summer is in full swing, and the best is yet to come. July means fireworks, pools and popsicles on the lawn. Curious about the best events in your area? We have you covered! South Suburbs Tinley Park's Caribbean Block Party, July 19, features live music on two stage...
When Jeanette and Charles made the decision to purchase a home, they only had a vague idea of what they wanted. They called a REALTOR® they knew from the community, Susan Bragg in the Edgebrook office, who in turn called upon her full service team of Baird & Warner professionals.
