I received a phone call from a client this past week asking “Can I lower my monthly mortgage payment without refinancing?” He has a 4.125% interest rate, so he does not want to refinance and get rid of the current low rate he has. But he does want to see if he can get a […]
Mortgage rates have been on the increase since May. Most economists believe they are only going higher. So it’s imperative to act now while they are still near historic lows. I offer a free mortgage review to assess if you’re in the best mortgage to fit your financial needs for the next 30 years. […]
Here is the latest news for underwater homeowners wanting to refinance and take advantage of the current low mortgage rates.
You can determine whether your mortgage is owned by either Freddie Mac or Fannie Mae by checking the following websites:
www.freddiemac.com/mymortgage or www.fanniemae.com/loanlookup/
Changes to HARP Program Announced
(No Video for this one. Just some basic information on HARP 2.0 refinance program. Look for a video from me when we know more details on HARP 2.0.)
You may have heard Monday that President Obama presented a plan to open up refinancing to more homeowners who are underwater. I […]
It’s summertime, the season for procrastination. The hot weather makes it easy to procrastinate. But when it comes to this historic low in mortgage interest rates, procrastination can cost you a bundle! These low mortgage rates will not wait around for you. So make the call you know you have been planning to make. […]
It’s summertime, the season for procrastination. The hot weather makes it easy to procrastinate. But when it comes to this historic low in mortgage interest rates, procrastination can cost you a bundle! These low mortgage rates will not wait around for you. So make the call you know you have been planning to make. […]
In this week’s Conarchy’s Corner (length: 8 minutes) Ed Conarchy has very important information concerning mortgage escrow accounts that you need to hear. This time of year escrow accounts are reviewed and changed by mortgage companies. Learn how they do it. Most importantly: Ed shares a secret tip to save you money […]
In this week’s Conarchy’s Corner (length:10 minutes) Ed Conarchy has all the details of the extended and expanded Homebuyer Tax Credit signed into law by President Obama on Friday. The new law brings three major changes to the current rules that were due to expire on November 30th. Also, it’s here! The long awaited […]
In this week’s Conarchy’s Corner (length: 14 minutes) Ed Conarchy tells you where he has been the last couple weeks and what’s kept him from being able to record his weekly video. Most importantly, why it is significant to you and why Ed […]
In this week’s Conarchy’s Corner (length: 9 minutes) Ed Conarchy sends out a last call! That’s right, last call for: low mortgage rates, the $8,000 First Time Homebuyer Tax Credit, FHA Streamline Refinances as we know them and flexible income rules for mortgages. These programs and rules are quickly changing or coming to an […]
Ed Conarchy
Mortgage Advisor
NMLS # 215698
Providing Personal Mortgage Advice Since 1990
Cherry Creek Mortgage
495 N. Riverside Dr., Suite 206
Gurnee, IL 60031
Phone: (847) 970-4239
Fax: (847) 557-2088
Ed Conarchy NMLS # 215698
Licensed in Wisconsin, Illinois, Indiana and Michigan
Cherry Creek Mortgage Co., Inc. NMLS # 3001
Illinois Residential Mortgage Licensee # 0005759
Ed In the News
11 Great Reasons To Carry A Big Long Mortgage