Welcome to Main Street Mortgage, Inc.

One person... in person... from start to finish.℠

Main Street Mortgage, Inc. is an Illinois Mortgage Broker. This allows us to work with many different banks to ensure you the best rate and loan program for your needs. With over 30 years of mortgage experience, Main Street Mortgage, Inc. specializes in Conforming, FHA & VA loans, Reverse mortgages, residential purchases and refinances. We are able to offer a variety of loans from first purchase to vacation homes and investment properties.

Whether you are buying your first home or are refinancing your current home, Main Street Mortgage, Inc. can help. Our goal is for you to deal with "One person... in person... from start to finish".

Questions about a loan? Call us today! (630) 529-1009

Loan Programs We Offer

» Purchase
» Refinance
» Reverse Mortgages
» HELOC/HELOAN
» Debt Consolidation
» Home Improvement / Cash-out

Pre-Approval

Get your FREE PRE-APPROVAL today! Many realtors want you to have a pre-approval before starting a home search. Call us today and we can qualify you within minutes. We will be able to give you the price range and loan amount for which you are qualified.

Why Choose us?

With over three decades of experience in arranging real estate loans, we have the know-how to make the entire process quick and easy. Main Street Mortgage, Inc. will even come to your home for your application. We are available 7 days a week.

Get Started today!

Have questions about a loan? Ready to get started? Call Main Street Mortgage today at (630) 529-1009 or just send us an email at info@ucme4mortgage.com.


FAQ - Frequently Asked Questions

What is the difference between pre-approval and pre-qualification?
What type of loan is the right one for me?
What makes my credit good or bad?
What if I am self-employed?

Reverse Mortgage - Does the bank own my home?

What is the difference between pre-approval and pre-qualification?

The pre-approval process is much more complete than pre-qualification. For pre-qualification, the loan officer takes information including your income and based on your credit bureau report issues a "pre-qualification" letter. The pre-approval process includes all of the steps of a full approval, except for the appraisal and title search. Your loan will actually be underwritten and a loan commitment will be issued. A pre-approval can put you in a better negotiating position, much like a cash buyer.

Call Main Street Mortgage, Inc. at (630) 529-1009 today to be pre-qualified or to go through the FREE pre-approval process!

What type of loan is the right one for me?

This is a great question considering the variety of loan types available today. Your decision depends not only on what type of loan you can get, but also on the type of loan you want. For example, loans such as the FHA program and others allow you to buy a home for little or no money down. But the amount of money you put down on the loan is not the ultimate test of a loan. Many factors come into play.

You may be comfortable with a loan that varies in percentage, such as an adjustable rate mortgage. Perhaps you're comfortable with a mortgage that can reduce your monthly payment, with a large final payment commonly called a balloon mortgage. You might find a fixed rate mortgage more suitable.

What makes my credit good or bad?

» The balance of an account compared to the high limit amount on that account
» Timely payments (within 30 days)
» Number of inquires about your credit within the last 90 days
» Level of credit established

What if I am self-employed?

We work with borrowers who receive W2's, who are self-employed or who are on fixed incomes. We can use W2's or Tax returns to provide the underwriters with income verification.

Reverse Mortgage - Does the bank own my home?

No. A reverse mortgage allows homeowners to retain the title and ownership of their home for as long as they live in the home and the loan remains in good standing. Like other loans, this requires the borrower to keep up with property taxes, insurance and maintenance.

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