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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 773-883-5769.
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"He is an expert in his field"
"Dave Nimick is one of the best Realtors I've worked with. He is an expert in his field."
Katheryn and Tom, West Town
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Special Offers: Special offers for Chicago, Lincoln Park, Lakeview and Bucktown
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eNewsletter: Dave Nimick's Chicago, Lincoln Park, Lakeview and Uptown newsletter email will send
you the latest real estate information |
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Who I Recommend: Dave Nimick's real estate web site affiliates |
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Follow Your Transaction: Follow Your Transaction by Dave Nimick |
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Monthly Payments & Schedule: Monthly loan payments java
mortgage calculator |
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How Much Can You Afford?: Calculate how much home
you can afford with this financial calculator |
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Determine Tax Savings: Calculate how much your
monthly Chicago, Lincoln Park, Lakeview and Bucktown Illinois mortgage payments save you on your
taxes because of loan interest |
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Should You Rent or Buy?: Is it better to rent a
home in Illinois or buy your own Chicago, Lincoln Park, Lakeview and Bucktown house, ranch, luxury
property, condominium, acreage, or other real estate? |
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Adjustable Rate Mortgages: Adjustable rate Chicago, Lincoln Park, Lakeview and Bucktown mortgages information and interest rate java
calculator |
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What Is Your APR?: Determine the Annual Percentage Rate (APR) for your mortgage. |
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Fixed or Adjustable Rate Mortgage?: Use this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM. |
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Are Balloon Mortgages For You?: Balloon mortgage calculator. A balloon mortgage can be an excellent option for many home buyers. |
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15 vs. 30 Yr Mortgages: With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms. |
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How Much Should Your Income Be?: What income is required to qualify for a mortgage? Use this calculator to find out. |
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What's Your Maximum Mortgage?:This calculator will help you determine your maximum monthly housing payment and the resulting mortgage amount. |
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Will Buying Points Save You Money?:This calculator helps you determine if you should pay for points, or use the money to increase your down payment. |
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Top National Real Estate Web Sites: Real Estate Web Sites
that include some unique sources of realty information, listings, and
more |
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Ask Anything: Ask Dave Nimick anything
real estate |
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NUMBER1EXPERTS: List of all the NUMBER1EXPERT real estate agents and realty professionals and brokers in the USA and Canada with links to their personal web sites with homes for sale |
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Real Estate Tips: Dave Nimick's realty library of real
estate tips and advice on everything from preparing your home for sale to
negotiating with home buyers to escrow, closing costs, property inspections,
and mortgage brokers |
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Real Estate Trivia: Dave Nimick's collection of real estate trivia questions and answers
that include real estate topics such as the most expensive home, largest
swimming pool, and more |
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Real Estate Dictionary: Complete real estate
dictionary and glossary of realty words you'll use when you list and sell your
Chicago, Lincoln Park, Lakeview and Bucktown property in Illinois, including legal terms
definitions, and more |
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Financing Your Home >The Language of Financing
When you meet with a lender to apply for financing, you may feel as if you are in a foreign country when the loan officer begins to talk about points, Regulation Z margins, PMI, and ARMs.
You are not alone if you feel left behind by loan terminology. Like many professionals, lenders use a highly specialized language. Don't hesitate to ask for a translation! This is especially true if you are investigating some of the more complicated loans with rates that can be adjusted periodically. As you consider the various loan options, find out what the interest rate will be and at what point the lender will commit to that rate. If the loan has an adjustable rate, be sure that you understand how often the rate will adjust, and by how much your payments may go up. Find out if the loan can be assumed by a future buyer. The lender isn't trying to confuse you. The mortgage process is complicated, so just keep asking questions until you understand.
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| Q |
What was a sure way to accumulate wealth through the 1970s and early 1980s?
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| A |
Many people made their fortunes in real estate during this period. |
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Mortgage Broker: Katheryn Keller
Since entering the mortgage industry in 1999, Katheryn Keller has helped numerous individuals realize their dream of homeownership.
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- NUMBER1EXPERT™ 
