Illinois... REFINANCE MORTGAGES SECOND MORTGAGES HOME EQUITY LINES OF CREDIT

HomeTown Mortgage's non-conforming mortgage programs have really proven popular! Numerous referrals from other customers, banks, credit unions, and other financial institutions have been received   Here are some examples of how Applicants referred to HomeTown were helped: 1.   Dwayne was referred to us by a bank because of business debt that was counted in his debt-to-income ratio. We were able to refinance his mortgage and consolidate other monthly debts. His new $202,500 loan at 8.75% reduced his monthly obligations by $2400/mo and his debt-to-income ratio from 54% to 40%. 2.   Janice was referred to us from a credit union because she needed a second mortgage to pay delinquent property taxes and was already at the maximum debt-to-income ratio the credit union allowed. As the credit union held the first mortgage, a $10,000 second mortgage at 9.5% was made, which decreased her debt-to-income ratio to 43%. 3.   A mortgage company referred Phillip because his debt-to-income ratio was 65%! We helped reduce his monthly obligations by $3400 by consolidating over $100,000 in credit card debt. His new loan for $422,000 was at 8.75%, a reduction from 12% on his previous mortgage. 4.   Nancy's husband's business failed and ended in bankruptcy. They since divorced, and Nancy assumed the mortgage payments. When the mortgage balloon matured, however, the bank was willing to renew the mortgage due to the credit history. My company was able to refinance her mortgage at 9.5% for $109,000. 5.   Mark had two rental properties on which numerous 30- and 60- day delinquencies occurred due to non-payment of rent by the tenants. Although both properties had since been sold, his mortgage payment history prevented him from obtaining a mortgage to buy out the land contract on his primary residence. A realtor referred him to HomeTown. My company was able to offer him a $155,000 mortgage at 10.9%.   There are many other examples. As you can see, HomeTown Mortgage's programs are designed for applicants who - for whatever reason - fall outside of others lending criteria. "Injured Credit" and/or high ratios are generally not a problem for HomeTown. Please call us at 847-362-4913 or E-mail us if you have any questions. We look forward to working with you to better meet your financial goals. Thank you, HomeTown Mortgage

HomeTown Mortgage is an "Illinois Residential Mortgage Licensee". License #4831

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