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David Cruickshank's Blog

By David Cruickshank | Mortgage Broker
or Lender in Palatine, IL
  • Rehabilitation Financing - Make Instant Equity

    Posted Under: Home Buying in Illinois, Foreclosure in Illinois, Remodel & Renovate in Illinois  |  September 7, 2010 3:26 PM  |  2,545 views  |  No comments
    Take advantage of rehabilitation loans while the market allows for it. Buy a foreclosure or short sale on the cheap, fix it up and make it yours. If you want you can buy a 2, 3, or 4-flat and if it has a store front you can still buy it. That way you can live in one unit and rent out the rest including the store for your own business or lease it to another. Some people make enough in rent that they pay the cost of their mortgage every month. WOW!!!!

    All this with a 3.5% downpayment!!!

    Do you want to know more, then visit my website at www.203kloanschicago.com and give me a call.

    I look forward to hearing from you!!!

    David P. Cruickshank
    Loan Consultant

    Ardain Mortgage Corp.
    1508 W Algonquin Rd.
    Palatine, IL. 60067

    Cell 847-354-5455
    Office 847-963-1000
    Fax 847-963-1010

    davidc@ardain.com
    http://www.davidpcruickshank.com

    An Illinois Residential Mortgage License
  • 203K Loans - How to fill out a contract

    Posted Under: Agent2Agent in Illinois City  |  September 7, 2010 3:21 PM  |  2,412 views  |  No comments

    There has been a lot of demand with the recent turmoil in the financial industry for foreclosed homes and subsequently and increase in the amount of Rehabilitation financing using the FHA 203k loan.

    Some agents are familiar with the loan and work with it readily however some have been "burned" by a broker that quite frankly has no clue what they are doing. If you need the facts please visit my website at www.203kloanschicago.com. Here you will find all sorts of interesting information about this powerful product.

    In addition I invite you to specifically look at the "The loan limits" page where you will find additional forms to be included with the contract and a "How-to" for filling out the contract specific to the loan.

    Good luck out there and if you need any help I'm just a phone call away!!!

    David P. Cruickshank
    Loan Consultant

    Ardain Mortgage Corp.
    1508 W Algonquin Rd.
    Palatine, IL. 60067

    Cell 847-354-5455
    Office 847-963-1000
    Fax 847-963-1010

    davidc@ardain.com
    www.davidpcruickshank.com

    An Illinois Residential Mortgage License
  • 203K loan - Check out my new improved FAQ website

    Posted Under: Home Buying in Illinois, Financing in Illinois, Foreclosure in Illinois  |  September 5, 2010 3:53 PM  |  2,573 views  |  No comments
    203k loans??? What are they, how do they work??

    The answers you need are posted on our new and improved website for all to read. Please follow this link to www.203kloanillinois.com.

    Take advantage of this loan while the market allows for it. Buy a house on the cheap, fix it up and make it yours. If you want you can buy a 2, 3, or 4-flat and if it has a store front you can still buy it. That way you can live in one unit and rent out the rest including the store for your own business or lease it to another. Some people make enough that they pay the cost of their mortgage every month. WOW!!!!

    All this with a 3.5% downpayment!!!

    Do you want to know more, then visit our website and give us a call.

    WeI look forward to hearing from you!!!


    David P. Cruickshank
    Loan Consultant

    Ardain Mortgage Corp.
    1508 W Algonquin Rd.
    Palatine, IL. 60067

    Cell 847-354-5455
    Office 847-963-1000
    Fax 847-963-1010

    davidc@ardain.com
    http://www.davidpcruickshank.com

    An Illinois Residential Mortgage License
  • The New (Sort Of) Good Faith Estimate!

    Posted Under: Financing  |  March 1, 2010 10:57 AM  |  2,321 views  |  No comments

    Well the new Good Faith Estimate (GFE) has now been out for exactly two months. What has changed? How is it holding up? How are borrowers and lenders interpreting it? Well I can tell you that there is a lot of confusion.

    So, you go to your local mortgage lender, broker or bank and ask for a Good Faith Estimate.  Like most borrowers, you want to know what it’s going to cost you to get a loan; you’d like to know what your mortgage payment will be, how much money you could expect to need at closing, what your down payment will be, how your escrow account for property taxes and homeowners insurance will be handled, what costs the seller is going to pay, what costs the lender might pay on your behalf – you know, normal stuff. So how does this work with the new GFE? Well click here to read our take on the new GFE.

    David P. Cruickshank
    Loan Consultant

    Ardain Mortgage Corp.
    1508 W Algonquin Rd.
    Palatine, IL. 60067

    Cell 847-354-5455
    Office 847-963-1000
    Fax 847-963-1010

    davidc@ardain.com
    www.davidpcruickshank.com
    www.fhaillinoisonline.com

    An Illinois Mortgage Licensee

     

  • Need some advice on credit scores - Illinois?

    Posted Under: Credit Score in Illinois  |  February 24, 2010 1:34 PM  |  2,532 views  |  No comments
    Are you wondering how to improve your credit score? Wondering why it's so low? Do you have a good credit score? What score do you need to get a home loan? How does this affect your credit score?

    For more information and tips on improving your score or just to get an understanding of what your score means and its place in getting a home loan please visit richardhartian.com.


    David P. Cruickshank
    Loan Consultant

    Ardain Mortgage Corp.
    1508 W Algonquin Rd.
    Palatine, IL. 60067

    Cell 847-354-5455
    Office 847-963-1000
    Fax 847-963-1010

    davidc@ardain.com
    www.davidpcruickshank.com

    An Illinois Mortgage Licensee

  • 203K Loans?? Contract Execution and Forms!!!

    Posted Under: Agent2Agent in Illinois  |  February 5, 2010 10:28 AM  |  2,770 views  |  No comments
    There has been a lot of demand with the recent turmoil in the financial industry for foreclosed homes and subsequently and increase in the amount of Rehabilitation financing using the FHA 203k loan.

    Some agents are familiar with the loan and work with it readily however some have been "burned" by a broker that quite frankly has no clue what they are doing. If you need the facts please visit my website at www.203kloanschicago.com. Here you will find all sorts of interesting information about this powerful product.

    In addition I invite you to specifically look at the "The Realtor" page where you will find additional forms to be included with the contract and a "How-to" for filling out the contract specific to the loan.

    Good luck out there and if you need any help I'm just a phone call away!!!

    David P. Cruickshank
    Loan Consultant

    Ardain Mortgage Corp.
    1508 W Algonquin Rd.
    Palatine, IL. 60067

    Cell 847-354-5455
    Office 847-963-1000
    Fax 847-963-1010

    davidc@ardain.com
    www.davidpcruickshank.com

    An Illinois Residential Mortgage License
  • FHA Loans? - FAQ From Start To Finish

    Posted Under: Financing in Illinois  |  January 28, 2010 9:02 AM  |  2,700 views  |  No comments
    Questions???

    Are you like many buyers that need to get a clearer understanding of how FHA loans work and what the process is to get one?

    Well go to my brand new website which will answer all your questions for purchasing or refinancing you home with an FHA loan.

    Topics include:
    • What is FHA? and How to get Pre-Approved
    • Types of FHA Loans.
    • The Process? (from pre-approval to closing)
    • Links to federal websites for answers to more specific questions.
    Take a look at www.fhaillinoisonline.com and let me show you how to get your loan done quickly and with the expertise you need.

    I look forward to hearing from you!!!

    David P. Cruickshank
    Loan Consultant

    Ardain Mortgage Corp.
    1508 W Algonquin Rd.
    Palatine, IL. 60067

    Cell 847-354-5455
    Office 847-963-1000
    Fax 847-963-1010

    davidc@ardain.com
    http://www.davidpcruickshank.com

    An Illinois Residential Mortgage License
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