Greg Zaccagni

"Mortgage Advisor & Loan Originator"
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Greg Zaccagni, Real Estate Professional in Illinois
  • 286 Answers
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About Me
For nearly a decade Greg has volunteered his time as an elected member on the Board of Directors for Central Credit Union of Illinois (Bellwood) serving as Secretary, Credit & Supervisory Committee Chairman. In September 2006 Mortgage Specialist Greg Zaccagni (Wheaton, IL) was interviewed for Robert Frazen's One on One public affairs talk show. Look for program #557 "Financing Real Estate in Today's Rising Rate Environment" on Comcast, Insight & UPTV.

For free mortgage information on topics like closing costs, FHA, 100% financing, reverse mortgages & more...visit my blog or enter "Greg Zaccagni" into your Google search engine
Testimonials
""Thank you for being so thorough & honest with us. Don't ever change that! I have already referred you to my friend Harriet ----" Carmen & Filip Megheles. With all my grateful heart - Thank You. Nancy Ramirez"
Carment & Nancy Sat May 31, 2008
My Q&A View all »
Greg Zaccagni's Questions (7)
Greg Zaccagni's Answers (286)
Noah, Other/Just Looking in Chicago, IL

Question removed

Asked Mon Jul 28 2008, 16:51 by Noah  -  Financing in 60626  -  8 answers
Greg Zaccagni answered:
Cash flow, Credit & LTV are equally important today. The interest rate you will be offered will directly correlate with the amount of risk these numbers show. It's a good idea to do your own analysis on this property. Looking at it objectively like a lender does will help you determine the cost benefit of continued ownership and whether selling or paying for a refinance is the better option. Please contact me if you would like a simple spreadsheet to assist with this analysis.
http://www.GregZaccagni.com - Sun Mar 1 2009, 09:58
Sandi Dehaan, Home Buyer in Hanover Park, IL

what is the magnet program all about?

Asked Tue Nov 25 2008, 08:49 by Sandi Dehaan  -  Schools in Carol Stream  -  1 answer
Greg Zaccagni answered:
Are you referring to the magnet schools in Chicago? - Mon Dec 1 2008, 20:57
Keith Free E…, Home Buyer in 60622

Where are the best deals for 30yr fixed mortgages for a good borrower?

Asked Mon Dec 1 2008, 20:02 by Keith Free E…  -  Home Buying in Chicago  -  7 answers
Greg Zaccagni answered:
Keith:

I am a decade long member of the board of directors for an Illinois Credit Union. I can tell you that credit unions don't like to portfolio long term mortgage loans. Their nich is HELOC's & Auto loans. Great deals there! You will find me listed as one of the officers & directors here. http://www.centralcu.org/central_newsletter.pdf

If you want a 30 year mortgage loan contact someone that specializes in this link - LIKE ME :-)

http://activerain.com/blogsview/512280/Georgetown-Study-find… - Mon Dec 1 2008, 20:54
Bazaa, Home Buyer in Chicago, IL

Investment property (possibly Condo) in Chicago

Asked Wed Sep 26 2007, 10:39 by Bazaa  -  Home Buying in Chicago  -  4 answers
Greg Zaccagni answered:
I agree with Ken about your timeframe not being long term. Unless you are a builder or rahabber creating new value to a property net appreciation will take much longer than your proposed timeframe. When the real estate market was more normal the general rule of thumb was that it would take approx 2 years with 5% appreciation per year to break even. That's because selling costs could be as high as 10%.

Here is my blog on common mistakes when ibuying investment properties.
http://activerain.com/blogsview/533939/10-most-common-mistak… - Sun Nov 9 2008, 10:17
Mike, Home Buyer in Chicago, IL

What should I do first when looking at a Bank-Owned home?

Asked Thu Nov 6 2008, 16:12 by Mike  -  Home Buying in Illinois  -  7 answers
Greg Zaccagni answered:
As the others have said, why wouldn't you want someone skilled in negotiating real estate transactions to represent your interestes when they are being paid for by the seller? Please let me know if you would like a referral to a skilled buyers agent for your area.
http://www.GregZaccagni.com - Sat Nov 8 2008, 19:17
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Specialties
Residential & Commercial Mortgage Lending Expertise
Experience
Latest:
Board of Directors for Central Credit Union of Illinois
Strategic Planning & Loan Decisions
January 1998—present
Certifications & Awards
Illinois Originators License, Six Sigma Certified
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