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Dennis Hardy dennis.hardy@ameristarmadison.com Toll free: 877-240-5840 x23

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Benefits of a VA Mortgage Loans in Illinois and Wisconsin including Chicago, Milwaukee and Madison

Posted by Dennis Hardy on Aug 19, 2008
  The Benefits of a VA Mortgage Loans in Illinois and Wisconsin including Chicago, Milwaukee and Madison The purchase and financing of a home is often referred to as “the largest financial decision most people make”. It therefore makes sense that you choose a mortgage firm that has its customer’s best interest as its primary goal. Ameristar Mortgage [...]

Illinois No Money Down Wisconsin No Money Down Mortgage Loans

Posted by Dennis Hardy on Aug 17, 2008
The three primary Wisconsin and Illinois no money down mortgage solutions that we facilitate are USDA rural housing loans, FHA loans, and VA loans. A no down payment mortgage can help you keep from depleting your savings with a down payment, but it will probably result in a slightly higher interest rate. Both VA and [...]

FHA Loans in Illinois and Wisconsin including Chicago FHA, Milwaukee and Madison

Posted by Dennis Hardy on Aug 15, 2008
If you are looking for a mortgage that offers a low down payment and relaxed qualifying criteria while still providing competitive interest rates, an FHA mortgage in Wisconsin or Illinois may be right for you. FHA Loan Features: Read the rest of this entry »

First Time Home Buyer Loans in Illinois and Wisconsin: Chicago, Milwaukee and Madison

Posted by Dennis Hardy on Aug 11, 2008
  As a Local Wisconsin and Illinois mortgage banker we treat all of our borrowers with the utmost respect. Our Wisconsin and Illinois Mortgage Borrowers who are happy with the mortgage loan we helped them get are more important to us than anything else. Whether you are Purchasing or Refinancing our goal is to make the [...]

How to get a No Money Down FHA Loan in Wisconsin and Illinois

Posted by Dennis Hardy on Aug 6, 2008
How you can still buy a home in Wisconsin or Illinois with no money down: Last week the President signed H.R. 3221, Housing and Economic Recovery Act of 2008, into law. The bill contains a provision (SEC. 2113) which forbids FHA from insuring mortgages in which the borrower’s down payment comes from a private down payment assistance provider, [...]

Illinois Jumbo Mortgage Wisconsin Jumbo Mortgage: Chicago Jumbo, Milwaukee Jumbo, Madison Jumbo

Posted by Dennis Hardy on Aug 4, 2008
Illinois jumbo mortgage loans and Wisconsin jumbo loans are loans above the maximum loan amount established by the programs offered by the government-chartered corporations Fannie Mae and Freddie Mac. The average interest rates on jumbo mortgages are typically greater than is normal for conforming mortgages, and vary depending on property types and mortgage amount. Jumbo mortgages are [...]

Illinois Cash Out Refinance Wisconsin Cash Out Refinance: Chicago, Milwaukee and Madison

Posted by Dennis Hardy on Aug 4, 2008
Ameristar Mortgage offers a variety of Wisconsin refinance programs including rate and term refinance, cash out refinance, VA refinance, FHA refinance, VA and FHA cash out refinance, jumbo loans refinance. The typical seasoning requirement for a cash out refinance can be 6 months to 1 year, but some refinance mortgages do not require any seasoning. If you [...]

How to Obtain a VA Mortgage in Wisconsin including Milwaukee and Madison

Posted by Dennis Hardy on Jul 29, 2008
  The VA only guarantees the loan thus the borrower must apply at a traditional lending institution, which could be a bank, savings and loan, or mortgage company. VA loans offer no down payment, reduced closing costs, and interest rates that are usually comparable to, or lower than, conventional rates. Wisconsin VA home loans are made to [...]

FHA Condo Spot Loan Approval in Illinois and Wisconsin: Chicago, Milwaukee, Madison

Posted by Dennis Hardy on Jul 26, 2008
There are a lot of condos in Illinois and Wisconsin which are not on the FHA approved condo list. With FHA loans being the most popular program of recent with low downpayment requirements and flexible credit standards, it’s hard to purchase a condo while taking advantage of the FHA program. Read the rest of this entry »

What to Consider When Refinancing Your Wisconsin or Illinois Home

Posted by Dennis Hardy on Jul 15, 2008
  When should you refinance your Wisconsin or Illinois home? Refinancing can be worthwhile, but it does not make good financial sense for everyone. A general rule of thumb is that refinancing becomes worth your while if the current interest rate on your mortgage is at least 2 percentage points higher than the prevailing market rate. That [...]