PRM Blog

Husband Welcoming Wife Home On Army Leave

Common VA Mortgage Loan Myths & Misconceptions

The US Department of Veteran’s Affairs (VA) Loan was created in 1944 through the original Serviceman’s Readjustment Act, also known as the GI Bill. Eligible veterans may apply for a… [read more]

night scene of modern waterfront villa with meadow outdoors and illuminated sky

Conforming Vs. Jumbo Loans

If you are looking at a home with a high price tag, you may want to consider a Jumbo loan. Jumbo loans are designed to finance luxury properties and homes… [read more]

House (1845) at the Boley Historical Farmstead located at 151st & 80th Avenue in Orland Park, Illinois on April 28, 2012

Upfront USDA Guarantee Fee and Annual Fee Reduction

Great news for borrowers who are interested in living in smaller communities, or who have less money to spend on a down payment! USDA’s (United States Department of Agriculture) Rural Housing Loan… [read more]

calendar page and a red pushpin, mark the date

Closing Disclosure Timeline Overview

The Closing Disclosure (CD) is a form which went into effect Oct. 3, 2015 and replaces the HUD-1 and final Truth-in-Lending Disclosure in a mortgage closing transaction. This five page… [read more]

Mortgage Banker explaining loan policy to young couple.

Tips to Shorten Mortgage Transaction Times

Being prepared, responsive and knowing what to expect will make all the difference in helping your mortgage transaction close on time. So here are some tips which may help shorten… [read more]