Fairness in lending has been legally mandated in some form since the passage of the Civil Rights Act of 1968, which prohibits discriminatory lending practices, especially in residential lending. The recent great recession produced some new laws about predatory lending which also fall under the fairness umbrella. Read on to learn more about fair lending … Continue reading What is Fairness in Lending, and Why Do I Care?
If you’ve volunteered before you understand the importance and gratification of coming together with others to help others. Those who struggle to provide meals for themselves and their families face the very real barriers that hunger inflicts making it harder to accomplish daily tasks, progress, or enjoy life. Sadly, many are affected and may be … Continue reading Another New Record at Gleaners
Delores was one of my recent clients who was looking for a little relief from her mortgage payments so that she could take care of some other expenses. She was trying to see the light at the end of the tunnel. She immediately struck me as a neat lady, fun to work with, and who … Continue reading Real Client Success Story: Giving Delores Her Peace of Mind
There are many reasons homeowners become unable to pay a mortgage–loss of employment, loss of a loved one, sudden medical expenses. If you’re having trouble making your monthly payments, consider the below options to get back on track without declaring bankruptcy. Partial Claim/Claim Advance If you have mortgage insurance, your private insurer may be able … Continue reading Top 7 Mortgage Options for Financial Hardship
There’s a fine line between when a homeowner can refinance and when they should, and a lot is dependent on your loan terms. Some lenders stipulate at the time of closing that the owner must wait a certain amount of time before refinancing their purchase. Others don’t set such hard and fast rules, but do … Continue reading When Can I Refinance?
My name is Chris Snyder, I am a Senior Loan Advisor. I’ve been with the company a little over three years. I take pride helping my clients with a mortgage, whether that’s consolidating debt, helping get out of debt faster, or providing them with the funds needed for home improvement or future investments. I take … Continue reading Employee Insight: Chris Snyder
Whether you’re a first-time homeowner or on your third house, there’s a certain amount of satisfaction in seeing the principal balance on your mortgage tick down with each monthly payment. The difference in that margin between what your home is worth and how much you owe on your mortgage is called your home’s equity. If … Continue reading How Are Home Equity and Refinancing Related?
Like you, I take great pride and pleasure in being part of the RUM family where we give back to our community! A great example of this was a recent visit from the Schaumburg team to assist an ADOPT pet shelter. We all know that at RUM we touch people’s lives on daily/hourly basis and … Continue reading Team Schaumburg: RUM Gives Back
Hi my name is Matt Matheny with Royal United Mortgage. I’ve been here since June 2011 and during my time here I have done many mortgage purchases. Now, I don’t believe that anyone is under the impression that buying a home is an easy process. However, what I do know, although it may be complicated … Continue reading Employee Insight: Matt Matheny
What’s that you say…good versus bad bills? Aren’t all bills created equal? Unfortunately, many people think the answer to the latter is yes. I’m going to dispel that notion with a simple example. Let’s say you go into a store and find the “widget” you need for around $22.00, but next door you find the … Continue reading Do You Have Good Bills or Bad Bills?