Gil Kerkbashian

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Mortgage and Lending - NMLS197757 - 197757
Illinois' Best Closing Ratio Loan Officer 2011 -2013. Make sure your transaction closes with the least amount of hassles. Secure your prequalification today with Gil Kerbashian NMLS197757 One Page Loan Application: www.realestateloans.com/gilsapp.pdf
RECENT BLOG POSTS
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Mortgage insurance will be a topic your buyers will likely ask you about for years to come. A basic understanding will establish you as a well rounded resource and true craftsperson. As a Realtor you never want to pick a program based on MI because of all the borrowers credit variables but you do...
05/22/2014
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Sellers Market (?)   What a market huh Example? If a home buyer would have asked me 1.5 years ago if you could find a home in the "$xx to xx" range, I'd say "no sweat". Now, inventory has tightened and there appears to be continued momentum and quite a few *multiple offer situations. *I'd like to...
05/22/2014
The Importance of Credit   Credit scores and credit requirements have moved to the front of lending guidelines. For better or worse, time and time again I’ve learned how little consumers really know and understand about credit. I think our government and our educators do a pretty terrible job at ...
05/14/2014
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Please feel free to use these fliers for your listing and buyers presentations: 1)     Fast closing FHA flyer: www.realestateloans.com/fhadonewell.pdf 2)     100% Rural Development: www.realestateloans.com/usda.pdf 3)     $100 down payment for HUD owned homes: www.realestateloans.com/100hudhome.p...
05/14/2014
Homeowners and mortgage investors won't be the only ones with skin in the game if U.S. Housing Secretary Shaun Donovan's plan for revising the nation's consumer protection laws passes. The HUD secretary states that fairness would be a fundamental principle that the Consumer Financial Protection A...
05/08/2014
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203Ks : FHA Streamline Rehabilitation Loan by Gil Kerbashian HUD is offering an FHA streamlined mortgage, called the “Streamline K" Limited Repair Program that permits home buyers to finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in. Home buye...
05/06/2014
1031 Exchange - A tax free sale and purchase of investment property Adjustable Rate Mortgage - a mortgage with a variable interest rate, which adjusts monthly, biannually, or annually. Amortization - The simple way a loan is payed down over a period. Annual Percentage Rate (APR) - the interest ra...
05/06/2014
Mortgage rates feel like they've reached a bottom. The economy continues to show signs of improvement and rates will likely increase as deflationary pressures wain. Don't forget, FHA rates were at 6.5% just 8 months ago... that's 1.5% higher than todays range. They go down slow but they sure come...
05/02/2014
Avoid large or undocumented deposits into your bank account before or during a loan transaction. Deposit verifications may be obtained all the way through to day of close.  During the underwriting of mortgages, underwriters look for unusual and/or inconsistently large deposits into bank accounts....
05/01/2014
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If you've been told that the property your looking at can not be financed using the FHA program, it may be due to the Soundness, Sustainability or Safety of the property. The most common items that may or may not cause underwriting concern are: Missing handrails, damaged exit doors, cracked windo...
04/30/2014
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Gil Kerkbashian

Illinois, California, Wisconsin
smartphone(847) 873-7295
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