The Neighborhood Blog

Lombard, Illinois, is a suburb of Chicago that is located about 30 minutes drive almost exactly due west from the Windy City. Commuters to Chicago will find a welcome respite from big city life within the borders of Lombard. Below is an overview of other facts you will want to know if you are considering […]

We’ve done it again!  We are so excited to announce that for the fourth consecutive year, Neighborhood Loans has been recognized as one of INC 5000’s 2016 list of the Fastest Growing Companies in America, coming in at #882.  Our continued appearance on this list is gratifying proof that our high standards of customer service […]

So you’ve been giving it some thought and you’ve come to the conclusion that you’d like to buy a home. Congratulations! You’re about to begin one of the biggest moments of your life. If you’re a Millennial, you’re part of being a member of the next major age demographic that will drive the housing market […]

If you are in the market for a new home, chances are you’ve come across the term “mortgage pre-approval.” Understanding the definition of a mortgage pre-approval, the steps necessary to get one and what it means to you as a homebuyer are important concepts that you’ll want know before you take another step in the […]

Happy New Year! 2015 has been swept away and 2016 has arrived with a bang! It’s a brand new year and a Leap Year to boot (which means 366 days of exciting opportunities)! If you’re looking to make 2016 the year that you finally become a home owner, then it’s time for you to make […]

Buying a home makes your mind run a million different ways all at once. There’s so much to consider and prepare for before you even find a lender or a real estate agent. But as you’re getting ready to finally apply for a home loan, you notice something terrible: your credit score needs some work. […]

Learning the basics of how to get a mortgage needs to be one of the first things you take care of when you are in the early stages of purchasing a home. Not only will you feel more comfortable with the process when the time comes to actually buy your home but there are many […]

Purchasing a home is a process that opens up many possibilities as well as many questions. While everyone has their own idea of a dream home that they would one day like to own, their reality might be something much different. For this reason, before you get started on the actual process of looking at […]

With many Millennials entering the housing market this year, it’s likely they might need an extra push with that huge pile of school loans they graduated with. The most expensive part of buying a home is often the down payment, and if you want your child to move out of your basement, you might want […]

So, you have determined that you are ready to apply for your very first home loan. Exciting! Along the way you will hear a slew of terminology that you are unfamiliar with, such as: Appraisal Closing costs Escrow Contingency While those terms are important to know (and are enough to make your head spin), there […]