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Offering "No Closing Cost"
or "Low Cost Closing" loans
in over 30 states!
As a residential mortgage lender, our home office is in Lombard Illinois located in Dupage County. We are one of the largest independent mortgage bankers and broker in the state of Illinois. Since our merger with Draper & Kramer, we now have added the expertise that has been brought to the Chicagoland area for over 100 years.
Residing in Downers Grove, mortgages in the area are easily done all the time. But we are not limited to just this area. In fact, we are licensed in over 30 states and lend primarily home loan mortgages for either homeowners to occupy the property or investment properties, all while offering competitive rates and low closing cost loans.
My mission is to provide the most effective solutions to accommodate our client's current and future financial needs. We utilize a wide range of quality products and services that produce the greatest benefit, at either a no cost or a low cost, without giving up service. And when you do either a low cost mortgage or a no closing cost loan, you will automatically be eligible for our free homebuyers privileges. Just apply either on line, by phone or in person and get all the details.
You Get Fast Answers
At our website you can find tools available to answer virtually any mortgage question. Trying to decide if now is a good time to refinance? Check out our Refinance Mortgage Calculator. Wondering if a new home equity loan or second mortgage can lower your monthly payments? Use our Debt Consolidation Mortgage Calculator! We have a large array of Fantastic Calculators to use.
- Prepay vs. Invest Calculator
- Prepayment Mortgage Reduction Calculator
- Qualification Calculator
- Bi-weekly Calculator
- Balloon Payment Calculator
- Annuity Calculator
- How Much of a Down Payment Do I Need?
- How Much Can I Save by Consolidating My Debt?
- I Want to Compare Three Different Loans
- How Much Can I Afford?
- How Much Can I Borrow?
- Amortization Schedule and Calculator
- Mortgage Calculator
- Rent vs. Buy Calculator
- Interest-Only Comparison Calculator
Confused by all the loan programs from which to choose? Our Loan Program Page will help you find the right type of loan for you. Also, we'll be happy to prepare a personalized mortgage quote for the home mortgage program of your choice. Feel free to check out my other information and blogs at http://activerain.com/hoffloans.
http://www.facebook.com/people/Keith-Hoffman/1075475730
Free In-Depth Mortgage Assessment Checkup
One thing we can always expect is change. From the expected to the unexpected, the one constant is that you must always be in your best financial position. And by undertaking the Free In-Depth Mortgage Assessment Checkup, you can easily be ahead of the game.
- Identity Theft Assessment
- Full Equity Assessment
- Household Blended Debt Rate Assessment
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- Enthusiasm working for you
Helping people make one of their most important decisions is a serious responsibility,
but something that I enjoy doing. This enthusiasm and hard work will benefit you and
help reduce the stress and anxiety often associated with real estate transactions.
- Established Credibility
I have many years of experience and knowledge working in this industry. I can say with
confidence that I'll get the job done right.
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 Mortgage News Daily
FHA Commissioner: Raising the Down Payment Requirement Would Hurt Housing Recovery - 1 hour ago
Posted To: MND NewsWireIncreasing the minimum down payment required for a Federal Housing Administration (FHA) loan from 3.5 percent to 5 percent could be a double whammy, affecting both potential homebuyers and the economy as a whole according to David H. Stevens, FHA Commissioner. At the same time, a lower loan to value ratio (LTV) by itself is not a particularly good indicator of buyer risk. In a statement prepared for a hearing Thursday afternoon by the House Financial Services Subcommittee on Housing and Community Opportunity, the Commissioner said if the agency raised the minimum down payment to 5 percent "as some have suggested," it would adversely impact the housing market recovery. The agency has conducted an evaluation of the loan files of a large sample of recent loans to identify homeowners...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS LUNCH: 30 Year Bond Auction Results and Reactions - 3 hours ago
Posted To: MBS CommentaryThe previously discussed auction concession must have been sufficient because the long bond auction went very well. Overall, auction demand was well above average---2.89 bids were submitted for every one accepted by the Treasury. 82% of the auction was taken down at the high yield of 4.679% (dealer bids). I should share the auction caveat before going any further.... success was driven by a hungry bid from from direct buyers who took home a record 29.5% of the issue . This massive support offset a very weak turnout from Indirect bidders, who were awarded only 23.9%. Primary dealers got 46.4% of the $13 billion...below average Here is a recap of the results: 29-YEAR 11-MONTH BONDS YIELDS High 4.679 pct Median 4.645 pct Low 4.580 pct PRICE/ACCEPTANCES Price 99.128159 Accepted at high 82.80 pct...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Mortgage Portmanteaus -- Brankers and Broanchers vs. Net Branches - 3 hours ago
Posted To: The Garrett Watts ReportA portmanteau means a blend of two or more words and their meanings into one new word. An example is the word brunch meaning breakfast +lunch. Another is smog meaning a combination of smoke and fog. Some would consider a portmanteau a type of word morphing and we agree. Mortgage lending has had its share of portmanteaus. Over the last several years mortgage brokers who were transitioning to mortgage banking were sometimes phrased as Brankers. Branker is a morph of a mortgage banker and mortgage broker. A Branker acts and operates as a mortgage broker and doesn’t perform many functions of a mortgage banker – underwriting, doc prep and secondary market --, but does fund and sell loans in their name as a mortgage bankers. One key similarity with Bankers and Brankers is loan repurchase...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS MORNING: Supply Concessions Set Up. Targets Outlined - 4 hours ago
Posted To: MBS CommentaryThe main theme in the rates market this morning has been a set up for the last Treasury auction of the week :$13 billion 30s. Results to be released at 1pm. The auction supply concession is obvious when looking at both price action outright as well as the long bond's performance relative to the rest of the yield curve. The chart below is 30 year bond prices. Notice the initial concession that was able to be built in after the Employment Situation Report was released last Friday. This theme carried over to this week...bond prices have continued to fall ahead of today's auction. Looking at the long bond's performance relative to the rest of the yield curve makes the auction concession even more obvious. 30s got their butts whipped by 2s after jobs data last Friday and the curve steepened...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Lenders Relaxing Non-Agency ARM Regs; High Cost Loan Reporting Guidance; Negative Convexity Defined; New Mortgagee Letter - 5 hours ago
Posted To: Pipeline PressWho says numbers aren't fun? A top muni bond analyst at Wells Fargo sent THIS to me. Numbers are fun! Sometimes time drags, and sometimes it flies. I came to this brilliant observation yesterday while waiting in the California DMV, waiting for my 15 year old daughter to obtain her driver's permit. Time flies doesn't it? On the other hand, in the mortgage business, it seems like a lifetime ago when companies were offering stated/stated 90% neg AM loans. Can anyone seriously push to have those days come back? That being said, ING notified its brokers that it raised LTV's and CLTV's, especially on Jumbo adjustable rate mortgages. US Bank's wholesale division is pushing its 1/1, 3/1, 5/1, 7/1, 10/1 ARM programs with IO options, cash out, up to $1.5 million. EverBank is "dipping...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. |
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Your Mortgage Specialist for Life!
1st Advantage Mortgage
701 E. 22nd St. Suite 125
Lombard, IL 60148
Office Phone: (630) 376-0555 Fax: (630) 261-2228 Cell Phone: (630) 306-5626
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 1st Advantage Mortgage - 701 E. 22nd St. Suite 125 - Lombard, IL 60148 Office Phone: (630) 376-0555 Fax: (630) 261-2228 Cell Phone: (630) 306-5626
:: Free benefits to our customers :: Assessment Flier :: Assessment Information :: Apply Now :: Fantastic Calculators :: Market Update :: Pre-Qualify :: Free Homebuyer Tips :: Prequal CalcuLetter :: Loan Programs :: Purchasing :: Refinance :: All Listings :: Buyer's Resources :: Seller's Resources :: Dream House Finder :: Free Buyer Reports :: Free Seller Reports :: Market Analysis :: Schools :: Weather :: Contact Us :: About Us :: Detailed Information :: Tell-A-Friend :: Reputable Businesses :: Rate Alert :: Request Loan Status :: Calculators :: Loan Process :: FAQ :: Forms :: Credit Report :: Marketplace :: Home ::
We Are licensed to lend in the following states: Arkansas, Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Mexico, North Carolina, Oklahoma, South Carolina, South Dakota, Tennessee, Texas, Virginia, Washington, Wisconsin & Wyoming.
An Illinois Residential Licensee
You can find great local Lombard, Illinois real estate information on Localism.com Keith Hoffman is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
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