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Focus Lending Inc has been protecting needs of its clients for more then 6 years. As a mortgage broker created in 2002, Focus has established a unique financial security for English, Spanish, and Polish speaking clientele. The most important goal for us is to meet our customers' expectations and give them financial security they will not find anywhere else. This is why we are always trying to create a long term relationship. How do we do that? By providing reliability, convenience, professional service, and financial responsibility.

Focus Lending Inc is a full-service mortgage broker for every type of real estate transaction, including purchases, refinancing, equity loans, second mortgages, foreclosures, short sales, government reverse loans. We will assist you in the loan product selection and application process. Our objective is to help you get the right loan at the best rate.

As a mortgage broker, we do not lend you money - instead, we help you find the best source for your mortgage available in the market place. We are your own investigation team, collecting facts, examining your needs and suggesting strategies. We do not work for a bank we work for you.

We believe that relationships are built on trust, integrity and commitment, so each of our loan specialists have been individually trained to provide our customers with the exceptional service and personal touch they deserve


Message to relators

Buying a home, especially a first home, can be a thrilling and exciting experience for a family. At the same time, signing a contract that locks you into a 30-year loan costing hundreds of thousands of dollars can be more than a little intimidating. It's essential to recognize at the start the need for sufficient information to make wise decisions about what is generally the most expensive investment a family will make. In the process of finding low mortgage rates, buyers will have to know what a lender means when they talk about the different types of mortgages available or suggest which one may be good for the buyer. Some home buyers need assistance with getting a first-time mortgage or a first mortgage after they have had credit problems. In these cases, a mortgage broker may be the answer to getting through the red tape and getting a decent mortgage rate.

FOCUS LENDING INC is company that works to bring buyers and lenders together. Even before your clients begin looking for a home, the home buying process requires diligent preparation. Buyers who have been pre approved for a home loan often have their offers taken more seriously by sellers. With advance preparation, potential borrowers can tackle the process of acquiring the financing they need with more confidence. To help your clients on the path to homeownership Focus Lending Inc offers free step-by-step guides that can help borrowers get closer to achieving their dream.


This month special - Reverse mortgage

A reverse mortgage is a special type of home loan that lets you convert a portion of the equity in your home into cash. The equity that built up over years of home mortgage payments can be paid to you. But unlike a traditional home equity loan or second mortgage, no repayment is required until the borrower(s) no longer use the home as their principal residence. FHA's HECM provides these benefits. You can also use a HECM to purchase a primary residence if you are able to use cash on hand to pay the difference between the HECM proceeds and the sales price plus closing costs for the property you are purchasing. To be eligible for a FHA HECM, the FHA requires that you be a homeowner 62 years of age or older, own your home outright, or have a low mortgage balance that can be paid off at closing with proceeds from the reverse loan, and you must live in the home. The amount you can borrow depends on your age, the current interest rate, and the appraised value of your home or FHA's mortgage limits for your area, whichever is less. Generally, the more valuable your home is, the older you are, the lower the interest, the more you can borrow. You can use an online calculator like the one on the AARP website to get an idea of what you may be able to borrow.

What's the difference between a reverse mortgage and a bank home equity loan?

With a traditional second mortgage, or a home equity line of credit, you must have sufficient income versus debt ratio to qualify for the loan, and you are required to make monthly mortgage payments. The reverse mortgage is different in that it pays you, and is available regardless of your current income. The amount you can borrow depends on your age, the current interest rate, and the appraised value of your home or FHA's mortgage limits for your area, whichever is less. Generally, the more valuable your home is, the older you are, the lower the interest, the more you can borrow. Chicago limousine You don't make payments, because the loan is not due as long as the house is your principal residence. Like all homeowners, you still are required to pay your real estate taxes, insurance and other conventional payments like utilities. With an FHA HECM you cannot be foreclosed or forced to vacate your house because you "missed your mortgage payment."


You have five options of receiving payments on REVERSE loan:

  • Tenure - equal monthly payments as long as at least one borrower lives and continues to occupy the property as a principal residence.
  • Term - equal monthly payments for a fixed period of months selected.
  • Line of Credit - unscheduled payments or installments, at times and in amounts of you’re choosing until the line of credit is exhausted.
  • Modified Tenure - combination of line of credit with monthly payments for as long as you remain in the home.
  • Modified Term - combination of line of credit plus monthly payments for a fixed period of months selected by the borrower.

Please contact us to get a free credit report and approval for a purchase or refinance!

7163 W Grand Ave Suite 5
Chicago, IL 60707
Marta Olzak-Lukawski
773 510 1335

  Bonnie Kukla
773 592 5174

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