Mortgage

Edan Gelt

Edan Gelt – Minute of Mortgage – Rate and Switch

Edan Gelt – Last week as I’m listening to the radio (yes, I’m old-fashioned and don’t stream), I heard an ad for a low mortgage rate that captured my attention. “Looking to buy or refinance your home?  Rates are still historically low and you can lock in your loan at 5.25%, call (Not to Be

January 11, 2023

6min read

Edan Gelt

Edan Gelt – Minute of Mortgage – Become a Cash Real Estate Buyer with a Self Directed IRA

Eden Gelt – with interest rates rising, more and more buyers are hesitant to enter the real estate investment market.  At the same time, old 401K investments or IRAs are taking a hit as the market continues to plummet with estimates of 20-30% drops.  If you have buyers that are looking to become real estate

December 29, 2022

6min read

Edan Gelt

Edan Gelt – Minute of Mortgage – Buying a Home After Bankruptcy

Eden Gelt – A bankruptcy to real estate agents is often synonymous with a four-year wait, finding a co-signer or a dead deal. At Key Mortgage, we have financing options for your buyers in as little as two years post-bankruptcy dismissal or discharge. There are limitations as to the chapter of bankruptcy, loan type, current

December 19, 2022

6min read

Edan Gelt

Edan Gelt – Minute of Mortgage – Conforming Loan Limits Are Increasing for 2023

Eden Gelt – The Federal Housing Finance Agency (FHFA) just increased buying power for conforming loan limits.  The changes go into effect starting in 2023 and some limits have increased by nearly $100K. Here are the changes for the Chicagoland market and some other numbers you should know to help guide your client in selecting

December 7, 2022

6min read