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Rate Shopping? Below are non-misleading outside source 'National Average'** mortgage rates actually delivered to real borrowers within the past week across the U.S..  Please keep reading for more invaluable "Rate Quote" information:

FYI: We do offer better than average retail rates as well as wholesale rates to highly qualified borrowers!

Contact Us for Details!

Want more information?!
Read our FREE
Read our Home Finance Newsletter! 
 
FYI: Long-term mortgage rates are determined by Mortgage Backed Securities (MBS) that react many times inversely to stocks (ie: Stocks Up, MBSs Down = Mortgage Rates Up).

Refresh you Browser for Updates
 
We Highly Recommend -Educated Consumers read the following ...

Fact: Published, Quoted and Web posted mortgage rates are nothing more than plain old fashioned Advertising - designed to get borrowers into the loan process.

There is Absolutely No Guarantee the Advertised or Quoted Rate will be honored.

Mortgage rates are Program Specific, Borrower Specific and adjust constantly throughout the day based on market conditions - just like stocks.

Only a detailed analysis of Your specific information can result in accurate program placement. Then and only then can appropriate rate information be determined.

Contact one of our Mortgage Specialists for your FREE mortgage financing evaluation.

We "Shop" on Your behalf!

Looking for a "No Cost", "Flat Fee" or even "Wholesale Mortgage" loan?  Click Here
 
Mortgage & Real Estate Questions Answered Here!
 
Your Mortgage and Real Estate Questions are answered here!  For more information, please visit the Frequently Asked Questions section -or- our Home Buying FAQ or Borrower Q&A pages.
 
Click for:  Testimonials
 
Click for:  Closed Loans
 
 
Visit State Street Mortgage
 

**The above displayed "National Average Mortgage Rates" are provided by HSH.  These rates are derived daily from 200 objectively surveyed lenders ... as opposed to advertised and possibly misleading rates offered or promoted by less sincere lenders and/or other rate sources.  Please contact your State Street Mortgage Specialist for program specific rates of interest available for Your customized mortgage financing.  Rates and points are subject to change without notice and may vary based on mortgage product, the creditworthiness of the individual borrower and other loan specific information.

 

 

Products include Adjustable Rates, Balloon Payments, Bankruptcy, Bridge Loans, Collateral Loans, Commercial Loans, Conforming Loans, Construction Loans, Conventional Loans, Credit Lines, Equity Loans, Farm Loans, FHA Loans, Fixed Rate Loans Real Estate Loans, Fixed Rate Loans Reverse Mortgages, Home Construction Loans, Home Equity Loans, Home Improvement Loans, Investment Property Loans, Jumbo Loans, Land Contracts, Low Down Payments, Mortgage Loans, Multiple Mortgages, Online Loans, Poor Credit Programs, Private Mortgage Insurance, Real Estate Loans, Refinancing Loans, Reverse Mortgages, Secured Loans, Self Employed Loans, Tax Advantage Loans, Variable Rate Loans, Veterans Administration Loans and Zero Point Loans. Services include 24-Hour Approval, Accelerated Payments, Appraisals, Automated Payments, Bad Credit, Bankruptcy, Bi-Weekly Payment Options, Brokerage Services, Buyer Representation, Commercial Services, Consultations, Credit Cards, Credit Counseling, Credit Reports, Customer Support Services, Debt Consolidation, Debt Elimination, Direct Lender, Electronic Funds Transfer, Equal Housing Lender, Escrow Services, Estate Planning, Evening Appointments, Financial Counseling, Financial Planning, First Time Buyer Programs, Foreclosure & Repossession Services, Foreign Nationals Programs, Free Consultations, Free Pre-Approvals, Free Pre-Qualifications, Free Quotes, Government Loan Programs, Hard Money Lending, Income Protection, Investment Planning, Investment Services, Legal Services, Loan Broker, Low Down Payments, Low Rates, Mortgage Pre-Approvals, No Application Fees, No Closing Costs, No Down Payment Required, No Equity Required, No Income Verifications, No Minimum Balance Required, No Monthly Service Charges, Notary Public, Online Applications, Online Payments, Phone Applications, Phone Quotes, Rate Lock-Ins, Rate Tracking, Referrals, Refinancing, Retirement Planning, Seller Representation, Senior Programs, Specialized Service, Tax Planning, Title Searches, Wealth Management and Consumer Direct Wholesale Mortgage Lending. Affiliations include Fannie Mae, Federal Home Loan Bank, Freddie Mac, US Department of Housing & Urban Development. Key words include Purchase, Refinance, Debt Consolidation, Equity Lines, Bi-Weekly Payment, Options, mortgage rates, mortgage calculator, mortgages, mortgage interest rates, mortgage, mortgage loans, mortgage calculators, mortgage interest rates, mortgage loan calculator, home mortgage, lowest mortgage rate, Sycamore, DeKalb, de kalb, dekalb county, Cortland, Chicagoland, Chicago, Kane County, Dupage County, Du Page County, Kendall County, Maple Park, Genoa, Waterman, Rochelle, Rockford, Kingston, Belvidere, Malta, Waterman, Sandwich, Yorkville, Oswego, Oregon, Dixon, Geneva, Batavia, St. Charles, Saint Charles, Aurora, Naperville, Elgin, Hampshire, Kishwaukee College, Kishwaukee, NIU, Northern Illinois, Northern Illinois University, Target new, buy a new home, house, Bill Clanton, Joan Watson-Protano, Joan Watson, Joan Protano, Brad Phillips, Ed Stanaker, Mark Vickroy, Tia Robinson, real estate, realtor, lender, bank, money, prestamos para casas de illinois, hipoteca. State Street Mortgage is a local Illinois team of Mortgage Specialists committed to working on behalf of Borrowers. Call or visit our web site today!

 
1. What do I need to know about different mortgage lenders? Answer
2. Why should I choose State Street Mortgage as my mortgage lender? Answer
3. Does it cost more to borrow from State Street Mortgage? Answer
4. What do I need to know about Buying a Home? Answer
5. Can a foreign non-resident get a mortgage to buy a home without a social security number? Answer
6. When should I consider Refinancing? Answer
7.
Do I need to be concerned about a possible “housing bubble” ?
Answer
8. How do I know which type of mortgage is best for me? Answer
9. What is a "Flat Fee", "One Fee" or even a "No Cost" Mortgage? Answer
10. I'm just shopping for the best rate ... why won't State Street Mortgage quote a mortgage rate like other lenders? Answer
11. Where can I find accurate, up-to-date mortgage rates on the web? Answer
12. Where are rates going? What affects mortgage rates? When should I lock my rate? Answer
13. What documentation do I need when I apply for a mortgage loan? Answer
14. What does my mortgage payment include? Answer
15. What is the difference between a Fixed-rate Mortgage and an Adjustable-rate Mortgage? Answer
16. Which is better, an Adjustable Rate or a Fixed Rate Mortgage? Answer
17. Is there a mortgage that has Monthly Payment Options? Answer
18. What is a Reverse Mortgage? Answer
19. What is a Bi-Weekly Interest Savings Payment program? Answer
20. What should I know about Credit Scores & Credit Reports? Answer
21. Do I need great credit to buy or refinance a home? Answer
22. Can I quickly increase my credit score for a better mortgage? Answer
23. How soon after a bankruptcy can I get a mortgage? Answer
24. What can I do to avoid a Foreclosure if I am behind on payments? Answer
25. What do I need to know about Homeowners Insurance? Answer
26. Which Home Improvements will best increase the value of my home? Answer
27. How quickly can a home mortgage be completed? Answer
28. Is mortgage lending complicated? Answer

Q : What do I need to know about different mortgage lenders?
A :
Doing a little homework prior to looking for a mortgage is always a good
idea.
Questions? We Have Answers!

Mandatory reading should include a Special Report titled " 7 Things You Absolutely Need To Know Before You Apply For Any Mortgage Loan." 

You can receive a FREE copy of this Special Report by sending a request to Info@baybridgesalem.com or by simply clicking here:

Special Report (Adobe PDF version).

Get the FREE Adobe Acrobat Reader^ Top of This Page ^
 
Q : Why should I choose State Street Mortgage as my mortgage lender?
A :
State Street Mortgage is a partnership of mortgage specialists that have superior mortgage product knowledge and the ability to get things done as promised. State Street Mortgage is a mortgage Banker and Broker. What this means is we have all the products any major bank has to offer and we also have the ability to broker out loans to end lenders that offer better product options to our customers.
 
Compare the State Street Mortgage difference!  

The mortgage specialists of State Street Mortgage subscribe to a code of ethics and best lending practices that foster integrity, professionalism and confidentiality when working with our customers.
 
National Association of Responsible Loan Officers 

State Street Mortgage is proud to be an Approved Lending Institution for the following Federal agencies:

  • The Department of Housing and Urban Development (HUD.gov)
  • The Federal Housing Administration (FHA)
  • The Department of Veterans Affairs (HomeLoans.VA.gov)
  • & Rural Development / Dept. of Agriculture - (RurDev.USDA.gov)

    •  
    Additionally, State Street Mortgage is a Professional Member of:
     
  • The National Association of Mortgage Brokers (NAMB.org)
  • The National Association of Responsible Loan Officers (NARLO.com)
  • The Illinois Association of Mortgage Brokers (IAMB.org)
  • The DeKalb County Building and Development Association (DeKalbBuilders.com)
  • The Sycamore Chamber of Commerce (SycamoreChamber.com)
  • The DeKalb Chamber of Commerce (DeKalb.org)
  • & The DeKalb Area Association of Realtors (NIRealtor.com)

    Plain English: You have 2 choices:

    1. You could entrust your mortgage to a "Loan Officer" working for a bank or mortgage lender that will try to fit You (the borrower) into one of their loan programs.

  • i.e.: Monkey See, Monkey Do


    - or -

    2. You can utilize the highly recommended and referred services of State Street Mortgage to ensure you acquire the best available mortgage financing for Your specific borrowing needs.

    Working on Your Behalf for the Best Financing!  


    Simply put, State Street Mortgage ensures our committed customers acquire the best possible financing for their specific needs. We really do represent You while shopping on Your behalf!

    ^ Top of This Page ^Want to hear what past customers are saying?!  Click here for:  Testimonials


    •  
    Q : Does it cost more to borrow from State Street Mortgage?
    A :
    When borrowing directly from State Street Mortgage the cost is normally less, and here's why:
     
    We originate, close and fund mortgage loans - delivering closed loans to the nation's largest mortgage servicers for less than it would cost them to originate the loan themselves. Due to our volume, State Street Mortgage receives better mortgage pricing than most banks and mortgage lenders. 
     
    Also, State Street Mortgage has taken the additional step of pre-negotiating lower fees from other associated service providers (ie:  Title Insurance, Appraisal Services, etc.) on behalf of our customers.  
     
    Bottom line - You Completely Benefit as a State Street Mortgage Customer!
     
    Want to learn more about the benefits of working with State Street Mortgage?!  We invite you to review the following conclusions of a study by the Georgetown University Credit Research Center:
     
     
    ^ Top of This Page ^
     
    Q : What do I need to know about Buying a Home?
    A :
    Buying a Home is a process that deserves its own dedicated Question and Answer section. 
     
    For this reason we have assembled the State Street Mortgage - Home Buying Information Page to assist all home buyers though this process.
     
    We Make Home Buying Easy!  
     
    Please visit our Home Buying FAQ page by clicking here:  Home Buying Information ^ Top of This Page ^
     
    Q : Can a foreign non-resident get a mortgage to buy a home without a social security number?
    A :

    Yes - finally!

    In the not-so-distant past, a consumer that wanted to finance a home was required to be a U.S. citizen or legal resident with a valid Social Security Number. However, many legal residents as well as non-residents did not qualify to be issued Social Security Numbers - yet these same neighbors hold jobs that withhold income taxes, own businesses that provide desired services, have children in the local schools, pay rent which in-turn pays property taxes, etc.

    Non-Resident Mortgages - No Social Security Number 
    American Dreams - Financed Here!
    Servicios de la hipoteca disponibles en español
    Zastaw usługi prawnie dostępny Polski

    As a solution to this past inequity, the Mortgage Specialists of State Street Mortgage now provide mortgage financing for all tax paying community members ... regardless of resident status and without the need for a Social Security Number (ITIN number required in lieu of SSN).

    For more information, visit our Products page and/or our online flyer Tax ID Mortgage Program; No SSN, No Visa - No Problem

    Be sure to forward this important information onto any friends, co-workers, family members or clients that could benefit from our Tax ID program for home purchases or private land contract refinances.

     
     
    Q : When should I consider Refinancing?
    A :
    The old rule of thumb was you should refinance only if you could lower your rate of interest by at least 1%, but this is no longer the case.
     
    "The best way to save money is not to lose it." -Les Williams

    Many different individual factors need to be analyzed to determine if refinancing is right for you - such as the length of time you intend to stay in your home, the type of loan you currently hold and/or the overall monthly savings you could realize as the result of a refinance or consolidation of existing debts.
     
    Simply give us a call.  Our Team of Mortgage Specialists is more than happy to assist you in making sound financial decisions for your particular situation.^ Top of This Page ^
     
    Q :
    Do I need to be concerned about a possible “housing bubble” ?
    A :
    A housing “bubble” implies that home prices and values are so over inflated that they will soon “pop”, and decline dramatically. While it may sell newspapers and boost TV ratings, the “housing bubble hype” is a bit overblown.
     
    Don 
     
    Historically, housing prices and values have always been very closely tied to local job markets and the economy has added 2.2 million jobs during 2004. That being said, not all states have participated in the party. Some states and regions are struggling with job losses – especially in the manufacturing sector – so it follows that in those areas, home values may be more vulnerable.
     
    In regards to the huge rise in home prices, creative programs and rising incomes have kept monthly housing expenses comparatively affordable. And it is also quite likely that across the board, appreciation will taper off and reduce to a much more modest – and normal – rate of 5-7%, down from recently higher levels in many parts of the country.
    Percent Change in House Prices through Q3 2004*:
    Illinois: 1yr = 10.40%, 5yr = 38.28%
    *Source: OFHEO
    Some are even saying that the “pin” which could cause the bubble to burst would be interest rates, implying that higher interest rates would cause homeowners to stop buying and values to plummet. But let’s be realistic – even if rates were to spike two full percentage points, an unlikely event in any scenario, the impact would be nominal. If this were to occur, the average increase on a home loan payment would be about $32 a week after tax considerations. $32 a week is not enough of a deterrent to prevent a home purchase.

    So while it’s always wise to carefully evaluate large decisions like purchasing a home, don’t get too caught up in the “housing bubble hype”. Evaluate the strength of your personal employment and income situation while reviewing the historical benefits of property appreciation and the built-in tax incentives of home ownership.  Then discuss your personal situation with your trusted State Street Mortgage Specialist and recommended real estate professional advisors. They’ll help you evaluate the alternatives and choices, and give you the information you need to make a home buying decision you feel good about.^ Top of This Page ^
     
     
    Q : How do I know which type of mortgage is best for me?
    A :
    There is no simple formula to determine the type of mortgage that is best for you. This choice depends on a number of factors, including your current financial picture, how long you intend to keep your house, etc.
     
    Our Mortgage Specialists take great pride in offering everything from 'Wholesale' through 'No Cost' programs to our customers ... so that You can obtain the customized financing for your specific borrowing needs!
     
    Your Choice! Wholesale - Direct to Consumers! 
     
    State Street Mortgage can help you evaluate Your options for an informed financing decision.^ Top of This Page ^
     
    Q : What is a "Flat Fee", "One Fee" or even a "No Cost" Mortgage?
    A :

    A Flat-Fee, One-Fee, No-Cost or Low-Cost Mortgage is generally considered a loan in which the borrower is only responsible for paying their taxes, daily interest and home insurance. All other fees associated with the loan are paid for by State Street Mortgage.

    Your Choice! More Programs, Better Options!   

    The No-Cost Loan is possible with a combination of factors. Depending on the loan program desired, State Street Mortgage brokers the loan into the secondary market at a higher rate of interest than the available retail market rate (usually .25% to .5% higher). The secondary market will then compensate State Street Mortgage additional monies that will be used to pay the borrowers closing costs.

    Note:  As a rule, most retail loan officers do not have the ability to deliver 'No-Cost' (or Wholesale) rates as they are limited to the retail rate "offered" by the bank or mortgage lender on any given day. State Street Mortgage is always seeking better ways to assist our customers ... thereby reinforcing our worth to you!

    If It 

    As always - Consumers need to have a complete understanding of exactly what options are available and which type of program is most advantageous as a whole. The flat-fee, reduced-fee or no-fee loan option has a place if this type of loan makes good financial sense for the borrower and their specific borrowing scenario. Also, not all lenders are created equal when it comes to how much rate "bump" equals a specified closing cost reduction (ie:  does a .25% rate bump always = a $500 closing cost reduction?).  Consumers should not assume that an offered rate bump by any one lender is the best available tradeoff of an increased rate versus a certain "flat fee" or "no cost" financing.

    The Mortgage Specialists at State Street Mortgage take great pride in educating consumers while giving them the best options based on their situation and goals. Be sure to consult with your State Street Mortgage Specialist before finalizing any loan scenario. It will always be in your best interest to have an impartial industry professional work on your behalf (as opposed to 'selling' you any specific mortgage product).^ Top of This Page ^
     
    Q : I'm just shopping for the best rate ... why won't State Street Mortgage quote a mortgage rate like other lenders?
    A :
    Advertised interest rates for mortgages are everywhere: Newspapers, Radio, Billboards, Internet Sites, E-mail Spam, Fax Flyers to Real Estate offices, etc., etc, etc.
    Click Here for the Best Rate!

    Our office is constantly inundated with telephone calls and e-mails from consumers that are searching for the 'best rate'. "What are your rates?" we are asked several times daily.

    FACT: Published rates and rate quotes are an advertisement to get the borrower into the loan process.

    Consider the following:

  • Rates change throughout the day as market conditions affect mortgage backed securities.
  • Published, Faxed & Web Posted Rates are "old" information by the time they reach consumers or real estate professionals.
  • Quoted rates have no real meaning - unless the consumer is in a position to lock prior to a market change.
  • All rates begin as a 'base' rate. The final rate is based on pricing adjustments determined in part by the credit of the borrower, the purpose of the loan, the loan program, etc.

    The following list contains some of the many factors that can affect final mortgage rate pricing for the individual borrower. Please understand that each listed item is combined with all other applicable items for final pricing - making each scenario borrower specific:

  • Consumer Credit Score (this is where we always start).
  • Type of Transaction (Purchase, Refinance, Cash-out, etc.)
  • Type of Loan Program (Conforming, Government, etc.)
  • Type of Rate (Fixed, Adjustable, etc.)
  • Loan Term (ie: 30 year, 15 year, etc.)
  • Loan-To-Value (Loan Amount vs. Value of Property)
  • Loan Amount
  • Taxes and Insurance Escrowed
  • Occupancy
  • Type of Property
  • Type of Zoning
  • Location of Property (programs can vary by State & zip code)
  • Type of Income Documentation
  • Type of Employment (Employee, Self Employed, etc.)
  • Time on Job (or same line of work)
  • Customer Debt-To-Income Ratio (Income vs. Expenses)
  • Amount of Reserves & Assets
  • Lock Term (ie: 30 days, 60 days, etc.)
  • Points or Fees Paid By Borrower

    As you can imagine, a quoted or published mortgage interest rate could not have possibly considered all the above listed factors into the single posted or quoted "Rate."

    If you choose or refer somebody to a lender based solely on the "Best Rate Quote", you are very likely to get a big surprise later. Make sure you shop smart - not just rate!

    Bottom Line: There is absolutely no guarantee that the published or quoted rate will be honored because the program and final rate are 'borrower specific' (Don't try to compare your rate with your neighbor ... even if they really did get a better rate - their program, fees and/or attributes may be different - with or without their immediate knowledge).

    Don't gamble with something as important as your mortgage. Choose someone that's competitive, works on Your behalf, makes the process easy and that you can trust!^ Top of This Page ^
    		•
     
    Q : Where can I find accurate, up-to-date mortgage rates on the web?
    A :
    Unfortunately, there is no consumer web site or any other source with accurate up-to-date "mortgage rate" information.
     
    We Monitor Rates on Your Behalf! 
     
    The only up-to-date sites are password protected wholesale bank sites ... like the ones we use to lock and fund loans

    Published rates and rate quotes are inaccurate or at best ancient by the time they are read. These rates are simply an advertisement to get the borrower into the loan process with no guarantee of accuracy.
     
    However, we do understand a borrowers need to have some rate information as they begin to gather information regarding their mortgage financing options.  For this reason we now offer an outside source "National Average" for customers seeking a general idea of current mortgage rates:

    It is important that consumers understand ... even if the above listed rates are currently valid for their specific financing - conforming mortgage rates change at a moments notice. The key for consumers is to be in a position to lock with a trusted/competent mortgage professional working on their behalf.

    What we do: Even with access to 'current' wholesale mortgage rates, the important thing to do as a mortgage professional is to monitor the market for indices that affect final mortgage pricing. The goal of our office is to secure the best possible program for the customer. Market indices give us a sense of direction as to whether we should "lock" today or "float" for a probable improvement in pricing.

    We monitor the Fannie Mae 30-Year Mortgage-Backed Security bond and keep another eye on the stock market during the workday. As mentioned in most every edition of our FREE Market News e-letter, the very general rule of thumb is that when stocks are happy, bonds are unhappy - due to fact that when Bond Prices Decrease, Mortgage Rates Increase (and vice versa).
     


    (click icon above to view the latest edition of our Market News e-letter)
     
    The real-time coupon pricing we keep on our computers is provided via a subscription/password-protected service. Unfortunately, we have been unable to find a site that offers exactly what is needed to predict/review indices that affect long-term mortgage rates on any non-subscription service. For very general information and an extremely basic overview of current market conditions, consumers and real estate professionals can always watch a stock or bond ticker on CNBC, Bloomberg, etc.

    Monitoring the market is not the most exciting thing to do on a daily basis. However, it is extremely important! An informed decision can save our customers thousands of dollars over the term of their mortgage - this we take seriously. We provide the extra service of monitoring the market on our customer's behalf so that they can attend to the business of their own lives!^ Top of This Page ^
     
    Q : Where are rates going? What affects mortgage rates? When should I lock my rate?
    A :
    All good questions!
    Where Are Rates Going?

    Mortgage rates of interest are determined in large part by Mortgage-Backed Securities - or mortgage bonds.  These are traded commodities that react inversely to many of the same market movers affecting the stock markets (ie: strengths or weakness in the economy, foreign markets, geopolitical issues, etc.).
     
    Example:  Stock Markets Up, MBSs Down = Mortgage Rates Up

    Refresh you Browser for Updates
     
    "A market is the combined behavior of thousands of people responding to information, misinformation and whim." -Kenneth Chang
     
    As a unique part of our service, State Street Mortgage actually monitors the market for our customers in an attempt to lock in-house files when most advantageous based on market conditions and proven indices - instead of always locking loans at the time of application like most lenders. We get great satisfaction in actually getting customers a better rate of interest if there is a market improvement after application.
     
    Click Above Link to Read More - Adobe PDF document
     
    To better inform our customers, State Street Mortgage publishes an e-letter discussing the current market several times weekly. To view the latest edition of our Market News e-letter click the following icon:

     

     
    If you are interested in a FREE subscription to our Market News e-letter, simply send a request to Bill@baybridgesalem.com^ Top of This Page ^
     
    Q : What documentation do I need when I apply for a mortgage loan?
    A :
    There are variations to all types of loan products as to what type of documentation will be required from the borrower. Your State Street Mortgage specialist will provide you with a detailed list for your specific loan program.

    The following is a basic list of requirements for most of the loan products available:
  • Paystubs: 2 most recent showing YTD earnings
  • Signed Federal Tax Returns: 2 most recent years 1040's
  • W-2's: 2 most recent years
  • Bank Statements: 2 most recent months ALL accounts
  • Asset/Investment Statements: most recent ALL accounts (ie: 401k, IRA, Mutual Funds, etc.)

    • Get Pre-Approved - It ^ Top of This Page ^
     
    Q : What does my mortgage payment include?
    A :
    For most homeowners, the monthly mortgage payments include three separate parts:

  • Principal: Repayment on the amount borrowed
  • Interest: Payment to the mortgage holder or end lender for the amount borrowed
  • Taxes & Insurance: Also known as "escrow payments".  Escrow payments many times include 1/12th of the annual property tax and homeowners insurance premiums.  These monies are collected and placed into an escrow account on behalf of the home owner.  When the tax and/or insurance bill comes due, they are paid directly from this escrow account by the mortgage servicer.  This feature can be optional depending on your mortgage program.  If escrows are not included in the monthly mortgage payment - the tax and insurance bills will need to be paid out-of-pocket by the homeowner when they are due.

    A fourth part may include:
  • Private Mortgage Insurance: Monthly payments sometimes required by the mortgage lender to maintain an insurance policy protecting the lender when the borrowed amount is over 80% of the property's purchase or appraised value.^ Top of This Page ^
    		•
     
    Q : What is the difference between a Fixed-rate Mortgage and an Adjustable-rate Mortgage?
    A :
    A fixed-rate mortgage has an interest rate that stays the same during the life of the loan. While the monthly payments that you make with a fixed-rate mortgage are relatively stable, payments on an adjustable-rate mortgage (ARM) will likely change.
     
    The interest rate changes in an adjustable-rate mortgage are due to the fact that the ARM's rate is generally a combination of the index rate and a pre-specified margin. Three commonly used indices are the One-Year Treasury Bill, the Cost of Funds of the 11th District Federal Home Loan Bank (COFI), and the London InterBank Offering Rate (LIBOR).  As an ARM's index changes, so does it's fully indexed rate of interest (ie: index + margin = rate).  With the adjusted interest rate comes an adjusted monthly payment for the home owner.
     
    There are advantages and disadvantages to both the fixed and adjustable rate mortgages.  The best way to select a loan product is by discussing your overall goals with one of our State Street Mortgage specialists.^ Top of This Page ^
     
    Q : Which is better, an Adjustable Rate or a Fixed Rate Mortgage?
    A :
    It depends on the interest rate market, what type of mortgage financing you qualify for and your individual goals as a borrower. 

    First of all, let's discuss when Adjustable Rate Mortgages (ARMs) are definitely a good consideration:

    • In a downward moving interest rate market when borrowers can ride their payments lower.
    • For short-term financing if a borrower is certain they will be moving or refinancing prior to an ARM going into adjustment.
    • If a borrower plans on systematically applying payment savings toward principle reduction (see the Bi-Weekly Payment Program below).
    • If a borrower cannot qualify for a fixed rate product due to credit or other issues - requiring a temporary solution with the goal of restructuring the financing when these issues are resolved.

    Many times, when the prices of housing and interest rates rise an Adjustable Rate Mortgage or ARM seems like the only way for a borrower to afford a home or can find some advantage with a refinance. As with all financing decisions, borrowers should be asking themselves - is this in my best interest for the long term? This question can only be answered with some open-minded research.

    While researching, we suggest computing the ARM mortgage payment for the next 3 adjustment periods at the maximum adjustment and then work through your budget at all 3 payments - to ensure you will not be taken by surprise in a worst case scenario.

    As with most mortgage financing questions, it is always a good idea to review your specific situation with your State Street Mortgage Specialist for a comprehensive evaluation and the best solution for your home ownership goals. Simply give us a call for your FREE evaluation.

    In order to better assist our borrowers, we provide a Comprehensive Look at Adjustable Rate vs. Fixed Rate mortgages titled "A Call To ARM's" 

    You can receive a FREE copy of this report by sending a request to Info@baybridgesalem.com or by simply clicking here:

     A Call To ARM's (Adobe PDF version).

    Get the FREE Adobe Acrobat Reader^ Top of This Page ^
     
    Q : Is there a mortgage that has Monthly Payment Options?
    A :
    Absolutely!  State Street Mortgage's Option ARM Mortgage puts the home owner in control of their own home loan. Each month, the borrower receives an easy to read loan statement that allows for a choice in the payment amount that best suits their current financial needs. Pay the minimum amount to free up funds for other uses, or make larger payments for faster equity build up. You now have options!
     
    Option ARM - Sample Monthly Statement  
    For more information on this exciting program, please click the link provided below for an in-depth overview of the State Street Mortgage MTA Monthly Option ARM mortgage.
     
    Option ARM Program Guide (Adobe PDF version)
     
    Get the FREE Adobe Acrobat Reader^ Top of This Page ^
     
    Q : What is a Reverse Mortgage?
    A :
    A Reverse Mortgage offers seniors 62 years of age or older the ability to retain their personal and financial independence. Unlike a traditional mortgage that you make payments on each month, Reverse Mortgages provide payments to You - in effect "reversing" the direction of the mortgage payments.
     
    Top Reasons to Obtain a Reverse Mortgage
    1. Never Make Another Mortgage Payment
    2. "Tax Free" Income via Monthly Payments, or a Lump Sum Payment, or a Line of Credit (or any combination of the three)
    3. You Still Own & Live in Your Home
    4. No Restrictions on Use of the Money
    5. No Income, No Medical and No Credit Qualifications
    6. All Remaining Equity is Yours (or your heirs) To Keep
    7. No Debt will be Passed onto Your Heirs or Family Members
    8. Possible Greater Net Worth after repayment
    Reverse Mortgage loan programs receive high praise from sources such as AARP, FHA, Fannie Mae and countless national media sources … and for very good reasons!  Reverse Mortgages allow seniors to combine mortgage and debt consolidation payment savings with monthly income to realize real financial flexibility!
     
    For an in-depth overview on this exciting program for seniors, please click the link provided below:
     
     
    Get the FREE Adobe Acrobat Reader^ Top of This Page ^
     
    Q : What is a Bi-Weekly Interest Savings Payment program?
    A :
    Mortgages are typically paid once every month or 12 times a year.

    A State Street Mortgage Bi-Weekly Accelerated Payment plan differs in that half of the normal payment is paid every other week, resulting in the same monthly payment. However, a bi-weekly contains 26 (52 weeks divide by two) half payments – amounting to 13 full payments each year.

    That extra money applied toward the principle can do some very important things:
     
  • Build equity 200-300% faster - with no payment increases!
  • Pay-off your mortgage 8-10 years sooner!
  • Save $50,000 to $70,000 in unnecessary interest payments!

    The bi-weekly program offered by State Street Mortgage is unique in that it offers the following features:

  • The program can be attached to any type of mortgage.
  • The program is transferable from any existing mortgage to a new mortgage or new home without any additional set-up or transfer fees.
  • Borrowers have the additional flexibility of being able to add desired extra money toward principle within this systematic, disciplined program.
  • Mortgage payments are automatically debited from a checking or savings account.
  • There are no refinancing or closing costs.
  • There is no appraisal fee.
  • The program includes a FREE ($350 value) annual mortgage audit to ensure your payments have been applied correctly.

    • For more information on this money saving program, please click the link provided below for an interest savings overview and detailed example of the State Street Mortgage Bi-Weekly Interest Savings System.

    Bi-Weekly Interest Savings Program (Adobe PDF version)

    Get the FREE Adobe Acrobat Reader^ Top of This Page ^
     
    Q : What should I know about Credit Scores & Credit Reports?
    A :
    Your personal Credit Report will contain one or more Credit Scores that will help determine what mortgage program you qualify to have on your home.  In this day and age, cash may still be King ... however, Credit is the Crown Prince!
     
    State Street Mortgage has always assisted borrowers in understanding the ‘great unknown’ by providing personal insight based on tried and true methods of increasing credit scores. But now, more than ever before … the Bureau’s are providing this information directly to consumers (as directed by Congressional mandates). So from the horse’s mouth, State Street Mortgage offers “Understanding Your Credit Score” by FairIsaac:
     
    FairIsaac Know Your Credit Score 
     
    Every consumer should consider it extremely important to understand how credit works, what is being reported and how to improve upon their current credit rating.  If you would like to receive a FREE copy of our own State Street Mortgage Tried & True Credit Scores and Bureau Repair Guide send a request to Info@baybridgesalem.com or simply click the following link:

    Click Here:  See Your 3-in-1 Credit Report Online Instantly

     
    Have you been making Payments that do not report to the traditional Credit Bureaus?
     
     
    Q : Do I need great credit to buy or refinance a home?
    A :
    This is a common fallacy. You don't need any specific type of credit to purchase a home or refinance an existing mortgage. We have loans for almost every type of situation; Great Credit, Good Credit, No Credit, Poor Credit, Bad Credit, etc.
     
    "I don't believe in pessimism."  -Clint Eastwood
     
    Don't let your credit deter you from trying to pursue your home purchase dreams or even your refinance or debt consolidation desires. Contact one of our State Street Mortgage Specialists today to explore your mortgage financing options.^ Top of This Page ^
     
    Q : Can I quickly increase my credit score for a better mortgage?
    A :

    Maybe!  State Street Mortgage offers Rapid Credit Rescore services to our borrowers towards a better mortgage loan program.

    Rapid Credit Rescore for a Better Mortgage 

    State Street Mortgage can boost credit scores by testing credit-related actions and their effects on a borrower's score, like paying off or transferring balances, opening or closing new accounts or increasing existing account balances.

    Re-Score Your Credit for a Better Mortgage 

    Though this process, State Street Mortgage identifies trade lines that are harming a borrower's score, and reports precise recommendations to improve the score along with the potential score effects for these recommendations. Our borrowers get an action plan that can usually be used immediately in conjunction with repository level score recalculation toward a better mortgage loan program for home purchases and refinancings.

    Click on the following link for more information:

    Rapid Credit Re-Score (Better Scores for a Better Mortgage)

    ^ Top of This Page ^

    To order your Rapid Credit Rescore, goto our Online Shopping Cart

     
     
    Q : How soon after a bankruptcy can I get a mortgage?
    A :
    State Street Mortgage may be able to provide you with purchase or refinance mortgage financing One Day after your Bankruptcy is discharged.
     
    State Street Mortgage is the Illinois expert when it comes to after bankruptcy home mortgages.  Our core mortgage specialists started the company assisting borrowers with past bankruptcies in purchasing and refinancing their homes.  Our company has grown, and so has the amount of different mortgage programs we offer consumers with a bankruptcy in their credit history. 
     
    100% Financing:  One Day after Bankruptcy Discharge
     
    Some background:  Congress and the US Supreme Court intended personal bankruptcy to provide debtors a fresh start. This new beginning is not a gift, but based upon mutual interest. The rationale is simple: productive citizens contribute more professionally, pay more taxes, and spend greater amounts fueling economic development. Productive citizens enable our nation to continue to thrive.
     
    Post-Bankruptcy home mortgages are a big part of this mutual interest and productivity.  After all, life does continue and all consumers look forward to days of better financial position, prosperity and the American dream of home ownership!  
     
    At State Street Mortgage, we help people with bankruptcies or other credit challenges buy or refinance homes at attractive rates and terms.  Call Today!^ Top of This Page ^
     
    Q : What can I do to avoid a Foreclosure if I am behind on payments?
    A :
    The best way to stop any possible foreclosure situation is to be proactive in working with the existing mortgage servicing company. 
     
    Avoid Foreclosure ... Contact a SSM Specialist! 

    Once the current mortgage company is aware of the situation, there may be several avenues a homeowner can pursue to get the house financing back into good standing.

    We have authored a Special Report titled "Avoiding Foreclosure" 

    You can receive a FREE copy of this report by sending a request to Info@baybridgesalem.com or by simply clicking here:

     Avoiding Foreclosure (Adobe PDF version).

    Get the FREE Adobe Acrobat Reader^ Top of This Page ^
     
    Q : What do I need to know about Homeowners Insurance?
    A :
    Homeowners and home buyers need to understand that the home insurance industry is going through drastic changes.
    "Simply by not owning three medium-sized castles I have saved enough money in the last forty years on insurance premiums alone to buy a medium-sized castle."  -Ludwig Mies Van Der Rohe
    Every homeowner must have homeowners insurance. In fact, mortgage financing is impossible without a homeowner's policy in effect. However, it is increasingly expensive and consumers must be extremely careful as they may find themselves or their properties uninsurable!

    Know Your Home Insurance Options!

    We have authored a Special Report titled "Understanding the Homeowners Insurance Puzzle" 

    You can receive a FREE copy of this report by sending a request to Info@baybridgesalem.com or by simply clicking here:

    Homeowners Insurance Puzzle (Adobe PDF version).

    Get the FREE Adobe Acrobat Reader
     
    FREE Home Inventory Software
    Download home inventory software for FREE! This software will help you create a room-by-room inventory to assist in purchasing enough insurance, getting insurance claimes settled faster and substantiate losses for income tax purposes.  Once you have completed your inventory, it is easy to keep your information up to date.^ Top of This Page ^
     
    Q : Which Home Improvements will best increase the value of my home?
    A :
    Whether you are considering home improvements on your existing home or you are looking for a new home that may need some post-purchase improvements, it is important to understand that all home improvements are not created equal when it comes to dollar spent for dollar recouped in the form of increased home value.
    "It is not how much one makes but to what purpose one spends."  -John Ruskin
    As an example, many homeowners spend many thousands of dollars finishing basements for additional living space. Unfortunately only 15% of the money spent may actually show-up as an increase in the value of the property when it comes time for resale.
    Home Improvement$ that make $ense
    For a better understanding of home improvement payback, State Street Mortgage has authored a basic guide called "Which Improvements Pay Back” that outlines the more popular home improvement projects and the possible return these projects will have on the property’s resale value.

    Please click below for a FREE copy of this report:

    Which Home Improvements Pay Back (Adobe PDF version).

    Get the FREE Adobe Acrobat Reader^ Top of This Page ^
     
    Q : How quickly can a home mortgage be completed?
    A :
    Typically the mortgage loan process takes 30 days from start to finish. This time frame can change based upon how quickly we can gather the information needed to complete your file.
     
    Although we have closed some loans in as little as 7 days, it usually takes around 2 weeks to gather the necessary documentation and another 2 weeks to finalize all paperwork (ie:  Appraisal, Title work, etc.).
     
    Please be assured that we will close your loan as quickly as possible or on the date stipulated in the purchase contract.^ Top of This Page ^
     
    Q : Is mortgage lending complicated?
    A :
    Mortgage lending can be complicated - especially if a lender actually strives to find the best possible program for the borrower (instead of only offering a couple loan programs for all customers)!
     
    "Mortgage Lending Is ALL We Do!"

    This is why mortgage lending is a full-time job that requires dedication and a command of the constantly changing mortgage products available. The team of mortgage specialists at State Street Mortgage combines this product knowledge with the desire to assist borrowers in getting the best possible product for their personal situation.

     
    “Representing Your Goals in the Market of Mortgage Finance”

     
    Our mortgage specialists will Cut Though the Haze, Make the Process Easy to Understand and even Easier to Complete ... hopefully we can even have a little Fun along the way!!!
     

    "We look forward to working for you!" - Team State Street Mortgage
     
     
    Want Instant Answers to your Questions or Help with this site?! Live Chat with a State Street Mortgage Specialist!
     

    Want to hear what past customers are saying?!  Click here for: Testimonials

    ^ Top of This Page ^

     

     

    State Street Mortgage of Illinois - 2 Convenient Locations:

    519 W. State Street (Route 64 / North Avenue), Sycamore, IL 60178
    (815) 899-0917, Fax (815) 899-7647

    691 N. Bridge Street (Route 47 @ Route 34), Yorkville, IL 60560
    (630) 882-8050, Fax (630) 882-8051

    Email:   Info@baybridgesalem.com

     

    Site Map 

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    State Street Mortgage is an Illinois Residential Mortgage Licensee, a direct mortgage lender, a HUD FHA approved lending institution, a Mortgage Broker and a professional member of the National Association of Mortgage Brokers, the Illinois Association of Mortgage Brokers, the DeKalb Area Association of Realtors, the Sycamore Chamber of Commerce, the DeKalb Chamber of Commerce and the DeKalb County Building and Development Association. State Street Mortgage professionals provide home purchase, home refinance and home debt consolidation mortgage loan financing in the entire state of Illinois. Our Sycamore DeKalb County home mortgage lending team works with area homebuyers and homeowners in the following areas: Sycamor 60178, De Kalb 60115, Cortland 60112, Elva, McGirr, McGir, Lee County, Ogle County, Creston 60113, Malta 60150, Esmond 60129, Monroe Center 61052, Boone County, Boon County, Irene 61016, Cherry Valley 61016, Clare 60111, Kirkland 60146, Kingston 60145, McHenry County, Mc Henry 60050 60051 60296 60297, McHenrey, Genoa 60135, Hampshire 60140, Burlington 60109, North Plato 60123, Plato Center 60170, Udina, Bowes, Lily Lake, Wasco 60183, Elburn 60119, La Fox, Virgil, Kaneville 60144, Maple Park 60151, Elburn 60119, Burlington 60109, Burlinton, Huntley 60142, Kane County, St Charles 60174, Saint Charles 60175, Batavia 60510, Geneva 60134, South Elgin 60177, Elgin 60120 60121 60123, Bartlett 60103, Bartlet, Carpentersville 60110, Marengo 60152, Woodstock 60098, Crystal Lake 60012 60039, Chrystal Lake 60014, Fox Lake 60020, Fox Valley 60597 60599, Harvard 60033, Rockford 61101 61102 61103 61104 61105 61106 61107 61108 61109 61110 61112 61114 61125 61126, Belvidere 61008, Belvider, Freeport 61032, Winnebago 61088, Winnetka 60093, Byron 61010, Oregon 61061, Dixon 61021, Polo 61064, Mendota 61342, Waterman 60556, South Beloit 61080, Machesney Park 61115, Cherrie Valley, and Davis Junction 61020 housing markets. Our Yorkville Kendall County mortgage office originates mortgage loans for Yourkville Yorkvile 60560, Kendall Kendal County, Kane County, North Aurora 60542, Aurora 60504 60505 60506 60507 60568 60572 60598, Naperville 60540 60563 60564 60565 60566 60567, Eola 60519, Montgomery 60538, Frontenac, Wolfs, Oswego 60543, Bristol 60512, Normantown , Plainfield 60544, Lily Cache, Caton Farm , Shorewood , Minooka 60447, Central, Lisbon, Lisbon Center, Kentland, Pavillion, Pavillian, Millhurst, Millbrook 60536, Newark 60541, Millington 60537, Plano 60545, Sandwich 60548, Little Rock, Big Rock 60511, Hinckley 60520, Hinckly, Lasalle, La Salle County, Franks, Somonauk 60552, Northville, Sheridan 60551, Catharine, Catherine, Serena 60549, Blakes, Norway, Mendota 61342, Paw Paw 61353, Amboy 61310, Lee 60530, Lee Center 61331, Waterman 60556, Ottawa 61350, Marseilles 61341, Morris 60450, Shorewood, Streator 61364, Channahon 60410, Chanahon, Joliet 60431 60432 60433 60434 60435 60436, Tinley Park 60477, Bollingbrook, Bolingbrook 60440, Dwight 60420, Bourbonnais 60914, Bourbonais and Kankakee 60901 cities zip codes and surrounding communities. We also provide mortgage loans and mortgage financing for Purchase Refinance Debt Consolidation loans in areas such as Glenview 60025 60026, Evanston 60201 60202 60203 60204 60208 60209, Big Rock 60511, Shabbona 60550, Kaneville 60144, Winnebago DuPage Cook Du Page Cherry Valley Loves Park 6111 61130 61131 61132, Elgin 60120 60121 60123, South Elgin 60177, Sleepy Hollow, Dundee 60118, Carpentersville 60110, Crystal Lake Kane Saint Charles Winfield 60190 Wheaton 60187 60189 and Downers Grove 60515 60516 as a wholesale mortgage bank money source striving for quality and choice on behalf of our mortgage customers. We offer mortgage lending products in the following categories: Purchase, 100%, 80/20, Interest Only, Conventional, Conforming, Fixed Rate, Adjustable Rate, Adjustible Rate, ARM, ARMs, Rural Development, Rural Developement, HUD, FHA Fannie Mae, Freddie Mac, FNMA, Purchase Gift Money, IHDA, VA, Veterans Affairs, Home Equity Lines of Credit, HELOC, HELOCs, Bank Turn Downs, Purchases, Buy, Sell, New Construction, End Loans, Bridge Loans, Refinance, Refinances, Debt Consolidation, Debt Consolidations, Government Insured, Hybrid Mortgages, Monthly Payment Option ARMs, Specialty Program, Specialty Programs, Jumbo, FREE Purchase Gift and Grant Money, 125% Mortgages, Investment Property Financing to 100%, Bank Decline, Bi-Weekly Accelerated Mortgage Payments, Biweekly Interest Saving option, Home Improvement, Lot Loans, Lot Loan, Single Family, Condos, Townhomes, Mulit-Unit, Mixed Use, Farmettes, Commercial, One Loan, One Mortgage, New Home, Refinancing, Streamline Refinance, Customized Refinance, Cash-out, Cash Out, Cashout, Reduce Time, Reduce Paperwork, Easy, Mortgages, Morgages, Fixed Rate, Balloon, First Mortgage, Second Mortgage, 1st Mortgage, 2nd Mortgage, Home Equity, Home Equity Line, No Closing Costs, No Cost, 0 Point, No Points, No Fee, No Fees, Money, Fast, Quick, Easy Money, Best Mortgage, Best Rate, Lowest Rate, Private Mortgage Insurance, PMI, Mortgage Insurance Premium, MIP, No Private Mortgage Insurance, No PMI, No MIP, Professional, Trustworthy, Trust, Recommended, Referred, Preferred, Specialist, FHLMC, Non-Conforming and Reverse Mortgages or a senior borrower reverse mortgage solution with monthly or lump sum payment options. State Street Mortgage Specialists are real estate business consultants for Realtors, Builders, Contractors, Buyers, Home Owners, Borrowers, Consumers, Brokers and Service Professionals seeking customer referral sources. Our expertise of De Kalb Sycamore Yorkville Oswego Northern Illinois Realtor business with mortgage financing makes State Street Mortgage the consultant you want. Other professionals we work with include: Attorney’s, Attorney, Real Estate Insurance, Mortgage Services, Property Investment, Insurance Companies, Title Companies, Attorneys, Lawyers Home Inspection Services, Appraisal, Appraisals, Appraisors, Appraisers, homeowner insurance, homeowners insurance companies. In Partnership with Housing & Urban Development, HUD, Federal Housing Authority, FHA, United States Department of Agriculture, USDA, Rural Development, RD and Illinois Housing Development Association, IHDA State Street Mortgage searches National and Local Banks and Mortgage Lenders on behalf of our customers to ensure the best possible financing is found for each of our borrowers. National Wholesale Banks and Mortgage Lenders we work with include ABN-AMRO, ABN-AMRO Mortgage, Lasalle Bank, American Mortgage Network, Downey Savings, Draper and Kramer, DK Funding, Equity Mortgage, GN Mortgage, Guaranty Bank, New Millennium Mortgage, Argent Mortgage, BNC Mortgage, Chase Mortgage, First Franklin Mortgage, Freemont Investment and Loan, Long Beach Mortgage, First Horizon, Chase, Fifth Third, 5/3, 53.com, 5th 3rd, Washington Mutual, Wells Fargo Home Mortgage, New Century Mortgage, MILA, Meritage Mortgage, Aames Home Loan, AmerUs Home Equity, Aurora Loan Services, Bank One, Citimortgage, Cole Taylor, Countrywide, First American, First Magnus, Flag Star, GB Home Equity, Home Equity of America, Homecomings Financial, HSBC, Homeside, InterFirst, Irwin Home Equity, LIRA Financial M&T, Provident Funding, RBMG, Standard Federal, Temple Inland, Universal Funding, World Savings, Argent, Banc Express, DM Lending, Emigrant Mortgage, Finance America, Financial Freedom, Leman Brothers, First Capital, Mortgage USA, Saxon Mortgage, Title West Mortgage, Union Federal, WMC, Freedom Mortgage, SouthStar Funding, , First Franklin, AmeriQuest, Town & Country, Town and Country, Decision One, Option One, Bestrate.com, Cole Taylor, GreenPoint, Green Point, EquiFirst, Accubanc, Mortgage.com, Interest.com, Ditech, Lending Tree, Lending Express, Coldwell Banker Mortgage, Century 21 Mortgage, Cendant Mortgage, US Bank, USbank, GMAC Mortgage, Citi, Citibank, E-loan, eloan.com, mortgageselect.com, Renaissance Mortgage Corp, Illinois Mortgage Associates, AAXA Discount Mortgage, IndyMac Bank Home Lending, Marquette Bank, MortgageExpo.com, LenderLab.com, Weirdloans.com, Local Banks and Mortgage Lenders we compliment include DeKalb County Credit Union, Illinois Community Credit Union, American National Bank of DeKalb County, American National Bank, American Bank, ANBDC, Castle Bank NA, Castle Mortgage, Fifth Third Bank, 5/3 Bank, National Bank & Trust, National City Bank, National City Mortgage, Old Second Bank, Kane County Bank, Resource Bank NA, Resource Mortgage, Belvidere Bank, Citizens First National Bank, Farmers State Bank, Union Bank, Waterman State Bank, Stillman Bank, FNB, Belvidere Bank, Old Second, Old 2nd Bancorp, O2, Maple Park Bank, LNB, American General, NABATCO, NB&T, National Bank and Trust of Sycamore, Associated Bank, Rock River Bank, Mt. Morris Savings, Lincoln Bank, Holcomb State Bank, Farmers & Traders, Citizens, Blackhawk State Bank, Farmers State Bank, Farmer State Bank, Earthmover Credit Union, Harris Bank, Oak Brook Bank, TCF Bank, TCF Mortgage, Yorkville National Bank, Merrill Lynch, Primerica Financial Services, Benchmark Bank, American Bank & Trust Mortgage, Aurora Burlington Credit Union, Burling Bank & Mortgage, Capital Bancorp Financial Services, Citizens First National Bank, First Choice Bank, Mid America Bank and Union Bank. State Street Mortgage is a local alternative to National Brokers such as Charles Schwab, Edward Jones, EdwardJones, H&R Block Premium, H & R Block Mortgage, Security Finance, Wachovia Securities, State Farm Mortgage and American Home Mortgage. State Street Mortgage strives to offer superior service to other Local Mortgage Brokers such as Patt Hermann Mortgage , Countrywide Home Loans, Simplicity Mortgage, Source One Mortgage, Source 1 Mortgage, Cherry Mortgage, Cherry Creek Mortgage, Hartland Financial, Hartland Mortgage, Maple Park Mortgage, Allied Home Mortgage Capital, GSF Mortgage , RBC Mortgage, Citifinancial, Bay Mortgage, American General Financial Services, Hometown Mortgage, Mid-America Creative Mortgage, Silver Mortgage Bancorp, First Centennial Mortgage, TBC Mortgage, Compass Mortgage, State Street Mortgage and Financial Services Springfield Illinois IL, Executive Mortgage Corp, First Home Mortgage Corp., Legacy Mortgage, Metro Source Financial Group, Platinum Home Mortgage, Residential Loan Center of America, US Bank Home Mortgage, Park West Mortgage and Sterling Home Mortgage. We offer mortgage solutions for homes for sale by owner, FSBO home listings such as FSBODeKalbCounty.com, FSBOKaneCounty.com, FSBOKendallCounty.com, FSBODupageCounty.com and many other users of direct seller to buyer real estate transactions as the lender for both the home seller and home owner. State Street Mortgage works closing with area Realtors and Real Estate Brokers to provide their home buyers with the best mortgage financing while ensuring home sellers can sell their home to a financial secure buyer. We work closing with a diverse group of Realters including members of the Aurora Tri-County Association of Realtors, Belvidere Board of Realtors, Chicago Association of Realtors, Fox Valley Association of Realtors, Illinois Association of Realtors, Kankakee County Association of Realtors, Lee County Area Association of Realtors, Livingston Country Board of Realtors, Logan County Board of Realtors, McHenry County Association of Realtors, North Shore Barrington Association of Realtors, Oak Park Board of Realtors, Realtors Association of NorthWest Chicagoland, Realtor Association of West South Suburban, Rockford Area Association of Realtors, Sauk Valley Association of Realtors, Three Rivers Association of Realtors, West Towns Board of Realtors, Capital Area Association of Realtors, Iroquois Ford Association of Realtors and the Freeport Galena Association of Realtors. Individual privately owned and operated offices and their staffs include Adolph Miller Real Estate, Milner & Associates, Kettley & Company Realtors, Betsy Nelson, Scott Merchant, Deanna Merchant, Century 21 Elsner Realty, Diane Hammon, Bridgett Gilmore, Sandy Fiddler, Katie Morsch, Peggy Ireton, Patty Hamer, Susie Allen, Maria Pena Graham, Pat Elsner, Gayle Wuori, Dennis Maakestad, Suzi Warner, Sue Elsner, Jim Read, Matt Schmitt, Coldwell Banker Primus Realty, Laura Brown, Mary Coulter, Ruth Ranieri, Tony Young, Nancy Watson, NancyWatsonHomes.com, Mary Short, Linda Smith, ERA Elite Realtors, Rorry Heide, Tom Skora, Jana Whelan, Lynn Brown, Kelly Miller, Hoffman Realty, Trademark Properies, Joline Suchy, McCabe Realtors, Nedra Ericson, Nedra Ericson-Huntress, Sharon Rhoades, Cheryl Countryman, Jerry Wahlstrom, REMAX Gold, RE/MAX Gold, Nancy Marshall, Jacki McLaughlin, Karyn Dulin, Richoz-Sullivan, Richoz Sullivan Real Estate, Signature Real Estate, Jayne Menne, Rachael Alvarez, Century 21 New Heritage II, Coldwell Banker Residential Brokerage, Remax Excels, RE/MAX Excels, Prudential Doss Real Estate, Carpenter Realty, Century 21 Watson, DeKalb Realty, Sycamore Realty, Betsy Smith Realtors, DeKalb Area Association of Realtors, Elm Street Realtors, Nancy Edwards, Diana Morrasy, Barb Larson, Guio Realty, Pittsley Realty, Sally Pittsley, Century 21 Area, Coldwell Banker May, Hayden Real Estate, Myle Stone Realty, One-Stop Realty, One Stop Realty, Remax Rock Valley East, RE/MAX Rock Valley, Rochelle Realty, Remax Classic, RE/MAX Classic, Margy Hill, Century 21 Country North, Gambino Realtors, Baird & Warner, Baird Warner Real Estate, Home Town Realty, Vickie West, HomeTown Realty, Prairiefield Realty, Bradford Real Estate, ERA Tuscany Realty, Inland Real Estate, Midwest Executives, Remax Great American, RE/MAX Great American II, Remax Affiliates, RE/MAX Affiliates, Coldwell Banker Honig-Bell, Honig Bell, Remax Great American, Realty Executives Success, Legacy Real Estate, Century 21 Lemar Realty, McNamara Realty, RE/MAX Great American, Connie Graham Real Estate, Remax Way, RE/MAX Way, John Greene Realty, Weis Real Estate, Valencia Valley Class, Amalia’s Realty, 1st Choice GMAC, First Choice GMAC, Dream Works Realty, Liberty Park Realty, 2c Realtor, Buss Realty, Drake Realty, Platinum Real Estate Provessionals, Remax Town & Country, RE/MAX Town & Country and Century 21 Mohler Realty. We are a proud member of the DeKalb County Building and Development Association that represents fine developers such as Brian Grainger Construction, Ken Spears Construction, Anthony Homes, DeKalb Associates, Eagle Homes, Gardens of River Mist, L & S of DeKalb, Lennar Homes, Orgler Homes, American Homes, Kennedy Homes, Summit Homes, Weydert Homes, Wiseman-Hughes, Wiseman Hughes Enterprises, Briody Enterprises, Ivan Krpan Construction, Neumann Homes, Joe Heyob Construction, Ken Nelson Construction, Airport North LLC, Blackhawk Builders, B & B Enterprises, Elmer Larson LLC, Northwest Property Consultants, Richard Hoffman Development, Mark Suchy, Rood Development, Rood Construction, Ringland-Johnson, Landahl, AMG Homes, C/L Design Build, Cardinal Homes, Concord Homes, HRM Properties & Development, Land Developer, McCue Builders, Moser Enterprises, Prestige Properties Consultants, Richard Marker Associates, Wernsman Builders, Montalbano Homes, Alexander Homes, Lakewood Homes, Centex Homes, Kirk Homes, A good real estate attorney is essential in a buy sell transaction and some of the better area Attorneys include Boyle Cordes, Witheft & Brown, Cliffe Foster Corneille & Buick, Cebula Law Offices, Cosentino Law Firm, Gallagher & Slingerland, Smith Tucker & Brown, Klein Stoddard Buck & Waller, Charles Rose, Richard Turner, Daniel Kramer, Gregg Ingemunson, Joseph Fahey, Thomas Grant, Melissa Anne Maye, Pilmer & Barnhart, Homeowner hazard Insurance must accompany all real estate transactions and some of the better sources include Country Companies Insurance & Financial Services, American Carlstrom Insurance, Crum Halsted Insurance Agency, Munson Insurance, Pardridge Insurance, State Farm Insurance, Caywood & Associates, Horton Insurance, Van Riper Insurance Agency, All new mortgage financing requires a Title Insurance policy most often provided by tile companies such as American Title Guaranty, Chicago Title, Fox Title, Law Title, First American Title, Ticor Title, Northwestern Title, H.B. Wilkinson Title, Rockford Title, First American Title, Stewert Title, Stewart Title, Our mortgage office can also highly recommend many complementary home Service Providers to our mortgage borrowers from home service professionals like Kishwaukee Electric, Mascal Electric, Virgil Cook & Son, Elliott & Wood, DeKalb Mechanical, Upstaging Inc., Target, Firestone, Kallal’s Sheet Metal, One Hour Heating & Air Conditioning, Theisen Roofing & Siding, Illini Security Systems, Floit Sand & Gravel, Floor to Ceiling Store, G&R Plumbing & Heating, Service Now Plumbing, ServiceNow Plumbing, Stock Building Supply, G&G Electric, Dahlquist Heating & Cooling, Carpetland USA, Door & Window Super Store, Arrow Exteriors, Midwest Concrete Cutting, Alexander Lumbar, Stock Lumber, Lowes Home Improvement, Home Depot, Manards, Artlip & Sons, Beery Heating & Cooling, L.A Genovesi Carpenter Contractors, Martin Plumbing & Heating, Premier Electrical Services, C & C Home Inspections, HomeTeam Inspections, Prestamista De Hipoteca. Corredor De Hipoteca. Hablamos Español. El español está disponible. Si Habla En Español. Latino. Recepción del americano mejicano y central. Prestamos para casas de Illinois MiCasaPrestamos .com . See our advertisements in the Verizon Yellow Pages Directory, the McLeod Yellow Book, the Home HomePages, the DeKalb Daily Chronicle, the Kane County Chronicle, The Midweek, the DeKalb County News, Our Town free maps, the Kendall County Record, DeKalb Jewel shopping carts, the DeKalb based Signature Real Estate homes guide and our sister web sites located at www.HomeMortgageIllinois.com, www.MyHomeMortgage.org, www.BillClanton.com and www.MiaJames.com. As always we look forward to seeing you in the Sycamore Pumpkin Festival Pumpkin Parade the last Sunday of every October on our State Street Mortgage mini choppers motorcycle mini-chopper motorcycles and go-carts and with our State Street Mortgage popcorn machine during the annual DeKalb Home Show at Southe Pointe Centre or South Point Center banquet facility on Gurler Road in Dekalb. Be sure to visit our main web site of www.baybridgesalem.com to take advantage of the following Free services; Daily mortgage rates from 200 objectively surveyed lenders; our FREE Mortgage Market Guide Weekly which includes market news including timely information with a financial Week in Review, a mortgage Forecast for the Week and an Economic Indicator Calendar; our exclusive Loan Center with five 5 mortgage calculators including a Monthly Payment Calculator, a Payment Amortization Schedule calculator, an Extra Payment calculator, a How Much Can I Afford purchase calculator and a How Much Can I Borrow mortgage calculator along with the on-line ability to Pre-Qualify or Apply for a mortgage while making a request to have a State Street Mortgage Specialist contact you directly; our interactive Loan Center with a VeriSign secure on-line mortgage application; a Mortgage Products description page with detailed mortgage loan explanations; an About Us / Meet Our Team page with personal information about each of our Mortgage Specialists; our Frequently Asked Questions FAQ page which addresses reoccurring mortgage questions in an easy to understand format; a specific Home Buying Information Page with a great collection of information for first time and veteran homebuyers alike, a Testimonials page to review what past customers have to say about our mortgage services; and a Resources page with contact information and links to other professional services and information including Homes for Sale, Proven Trusted Realtors, Quality New Home Builders, Real Estate Attorneys, Appraisal Services, Home Inspection Services, Home Repair, Home Services and other Helpful Services & Sites such as local school districts, local health care providers and much, much more … we sincerely Thank You for your visit!
     


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