Tapping Into Your Equity
We know the police in particular love their toys, and some of those toys are Harley-Davidsons, RVs, and boats. And hey, God bless them, because you know what? If anyone deserves it, it’s first responders to help them enjoy their lives.
10/10/2023
Investment Properties
If somebody walks into a Chicago police credit union, and we all know that almost certainly is going to be us, and wants to buy investment property we want to know if it will be a secondary residence or something like a rental or VRBO
09/26/2023
The Down Payment
Back in the day, I’m talking like 1990s, early 2000s, 20% down was the standard. You wanted to avoid private mortgage insurance as a result
09/05/2023
No Surprises
Between getting pre-approved and closing on a police home loan there should be no surprises in the process. That is definitely the case on our end at Police Mortgage.
10/29/2024
Conversations
The core of what we do at Police Mortgage is knowing how we would like to be treated in similar situations. I try to put myself in the position of our clients. In other words, if I were talking to a loan officer I think, “How would I want that conversation to go?” Maybe that’s a bit hokey, but that is how I want the first conversation with a potential client to go.
04/23/2024
How Police Mortgage is Different
How is Police Mortgage different from other providers? The obvious first answer would be that we offer Killed in the Line of Duty Loan Protection. This is a special debt cancellation benefit created exclusively for active Law Enforcement Officers.
11/12/2024
Why Police Mortgage?
The biggest thing for me with Police Mortgage, and I think it is the differentiator, is that we are specifically built to work with police and first responders. So, there’s really two aspects to that.
07/17/2023
Being Prepared
You have to be prepared in advance when buying a home. If you're going to pick a house and then go through the pre-approval process, it's going to be a lot harder than if you knew what you qualify for ahead of time.
Once you have that lined up then if you need to act quickly you will have the tools to do it. Having a pre-approval letter will allow you to act quickly.
07/25/2023
For Sale by Owner
For Sale by Owner (FSBO) was a popular way to sell a home back in the 90’s and early 2000’s. It was easier to do then. The market is much different today.
4/16/2024
Renovations and Upgrades
If you have a substantial equity position in your home, and you’ve paid down your mortgage over a 10 to 15-year period of time and you have quite a bit of equity, it’s not a bad idea to draw on some of that equity to utilize it to fix up your home. Keeping your home up to snuff, as well as keeping it up with the times, can be not only a good idea but also a very important investment.
04/09/2024
