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Posts from the ‘Uncategorized’ Category

Putting Interest Rates in Perspective

Since the presidential election, mortgage interest rates have fluctuated first, for the worse and then have corrected a bit.  I read this statistic that really puts things in perspective when I think interest rates are volatile…


Video Tutorial: 5 Things You’re Doing Wrong on Your iPhone

I get these emails regularly from Apple about my IPhone.  I usually dismiss them, but I’ve run across a couple that have really helpful information.


Many of us have used an iPhone exclusively from the day it launched back in 2007, and we’ve learned most of the ins and outs of the device. However, whether you are a long time user or a new convert, chances are you’re still doing a few things wrong. The price of smartphones has continued […]

Source: Video Tutorial: 5 Things You’re Doing Wrong on Your iPhone

Memorial Day Post (2)

Will The New Credit Score System Help You Get A Mortgage?

A client of mine recently questioned why the FICO scores I get are different from a site they use, Credit Karma, when both are using info from the same credit bureaus.  Credit Karma’s site explains that there are different scoring models.  The scoring-model Credit Karma uses is different from the ones used in the mortgage industry.  But proposed legislation may change the scoring-system used by Fannie Mae & Freddie Mac…  

A new bill in Congress could significantly impact your ability to secure a mortgage by changing the way lenders look at credit scores.

In December 2015, two members of the U.S. House of Representatives introduced a new bill. Known as H.R. 4211, or the Credit Score Competition Act, the bill is in its first stage of the legislative process. Although it’s a long way from becoming a law (and your eyes may have glazed over at all that legislative jargon), future homebuyers have good reason to keep an eye on this bill. Proponents say it should help a number of first-time homebuyers compete in the real estate market.

That’s because the bill would push for a new credit-scoring system, one that could potentially allow more buyers to secure funding (and be more competitive in the Portland, OR, real estate market and other challenging markets). But how much will it really help your credit-score rating — and how quickly?

What is the Credit Score Competition Act?

H.R. 4211 is a bipartisan bill introduced by Ed Royce (R-CA) and Terri Sewell (D-AL). The bill would impact the Federal National Mortgage Association Charter Act. The core of the bill would require government-backed mortgage institutions — meaning Fannie Mae and Freddie Mac — to use credit scores in the underwriting process of residential home loans “only under certain conditions,” which would include making the process used to validate and approve credit scores publicly available. According to the representatives who introduced the Credit Score Competition Act, this means that Fannie Mae and Freddie Mac could go beyond using the FICO credit-scoring model and use other systems, which is a big deal for those who have a low FICO credit score but are otherwise good home-loan candidates. – See more at:

– See more at:

Relationships are Key

I had a closing at my clients’ home this morning.  We have worked together for almost 2 and a half years from their lot purchase, through their construction loan phase and finally now, their end loan.  It was so fun to see the fruits of their labor (they themselves were the general contractor).  The home is gorgeous!  Loving that my job is all about relationships!

3 Key Tax Deductions Renewed for Homeowners

Thought this would be helpful at this time of year…

If you are anticipating a rough year when it comes to filing taxes, don’t turn those forms into new year’s confetti just yet. Several key provisions for homeowners have been retroactively renewed for 2014—and they might provide you with some much-needed tax relief.

If you did any of these three things in 2014, you still have reason to celebrate (OK, maybe not really celebrate, but celebrate as much as anyone can while doing taxes).

Short sale

In the third quarter of 2014, 8.1 million homes in the United States were seriously underwater, according to the real estate research firm RealtyTrac. If you were a homeowner who decided to short-sell your home last year, it’s not all bad news: Congress once again extended the Mortgage Forgiveness Debt Relief Act.

read more two more via

Connection for Women Networking Group

To all of my business friends: I have been part if this great networking group (women only) for several years now. If you are interested in expanding your business thru networking, please contact me to join our next lunch on Tuesday, Jan 27. I would love to have you as a guest! Sugar Grove location
To find out more:
On Facebook – Connection for Women Networking Group
Cell 630-362-6405

What is a HARP loan?

I was just asked this question by someone on Sunday, so I figured it’s important to share since there are an estimated remaining 4-plus million households nationwide who could refinance via HARP, but haven’t.

A HARP loan allows those who have lost equity in their home to refinance without adding mortgage insurance or increasing their mortgage insurance even if they happen to be upside down on their loan.  I will need to check to see if your current mortgage is HARP-eligible.

The best suggestion I can make is to call me so I can determine if your mortgage is eligible.  Once I determine that, we can discuss the options and monthly payment scenarios.  All it takes is a quick phone call or email to me so I can research it.  I do not want those I know to miss out b/c they didn’t know what HARP is.

Yoga for Newbies (Or any of you who have already tried it)

Just passing along some local happenings…


When: Tuesdays at 6 p.m.

Where: West PT Sugar Grove Studio

Call 630-466-5866 for more info

More classes and times to come.

CLASS: Restoring Your Credit Rating


Late payments, job loss, foreclosure and bankruptcy—today’s economy has had a negative impact on credit scores. Banks and credit card companies use credit scores to determine whether to qualify applicants for loans or home purchases, as well as the rate of interest charged. Learn ways to improve your credit score and financial future.

Saturday, March 22

12:30-4:30 p.m.

Location: College of DuPage, Student Resource Center (SRC), Room 1126

Cost: $59

Instructor –  Jim Droske, President of Illinois Credit Services

NOTE:   You do NOT have to be a student of the college to attend this class.  It is available to everyone.

To Register:    Enter Code PROED-0021-004

For more information and details….visit the College Dupage website at