Welcome to Victoria Mortgage Bankers, We are home loan experts dedicated to making sure your home purchase or refinance experience is top-notch. Located in Beautiful Chicago, IL we thrive on the success and satisfaction of our clients. We are a full service mortgage company based in Chicago, Illinois.
We specialize in First Time Home Buyers, VA, FHA, and Conventional loans in Chicago. We also serve the surrounding cities in Cook County. Whether you are buying a home or refinancing, we can help you realize your dream of home ownership or save you money when getting your new lower monthly payment.
We specialize in First Time Home Buyers, VA, FHA, and Conventional loans in Chicago. We also serve the surrounding cities in Cook County. Whether you are buying a home or refinancing, we can help you realize your dream of home ownership or save you money when getting your new lower monthly payment.
Services
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
Applying for a mortgage can seem like a daunting and scary process. To help, we've created a checklist of things for you to compile, complete and acknowledge before applying. Credit history is a recorded file of past and current credit that is utilized to compile a credit score. A closing cost is a payment required to finalize a home loan and is separate from a down-payment.
There are a number of different types of home loans available to you, and it can pay to familiarize yourself with them. Luckily we're here to help you choose the best type of home loan for your needs. The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan's lifetime.
It's generally a good time to refinance when mortgage rates are 2% lower than the current rate on your loan. It may be a viable option even if the interest rate difference is only 1% or less. Any reduction can trim your monthly mortgage payments. Example: Your payment, excluding taxes and insurance, would be about $770 on a $100,000 loan at 8.5%; if the rate were lowered to 7.5%, your payment would then be $700, now you're saving $70 per month.
Reviews (5)
Lorenzo Segura
Dec 07, 2020
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Michael Stopka
Sep 03, 2020
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I highly recommend Victoria Mortgage Bankers. Not only did they help me purchase my first home which went perfectly smooth, they most recently finalized my refinance saving me both money on my monthly payment and lowered my interest rate. The team here is so accommodating, always a phone call away. I look forward to working with them on future purchases and will be recommending them to friends and family.
Carrie Burdi
Aug 31, 2020
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Delia Vazquez
Jul 11, 2020
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My experience refinancing my mortgage was SMOOTH sailing thanks to Albert at Victoria Mortgage. I was concerned with this endeavor because of all the horror stories and how time consuming of a task it was to refinance. I’m happy to report that Albert arranged an excellent fixed APR for me and with no pressure or stress. Albert made it happen! Extremely efficient and savvy! Thank you again Albert!
Isabel Schuurman
Jul 05, 2020
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