BAKER'S
Group of America Inc
Plaza Suites
Protecting your investment where it counts
Bakers Group of America Inc.
1909 Coolidge st.
Marion, IL 62959
United States
ph: 618-993-6641
fax: 618-998-1451
alt: 618-997-2102
Admin
SISTAR MORTGAGE COMPANY
We are committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools that enable you to make sound financial choices.
To find out more about the products and services we can provide.
Our Experienced Mortgage Professionals Dedicated To Finding Best Loan For You.
Get the best mortgage loan for you
When you decide to buy a home or refinance a mortgage, it's a big step. You can trust us to find the loan program that's best for you.
5 Ways We Make Your Life Easier :
1. Buying a new home
Source of anxiety, frustration -- and a huge sense of accomplishment. You didn't pick the house that was best for someone else, you picked the one that's right for you! Trust our professionals to find the mortgage loan that best fits your needs, too. "Less paperwork and more personal attention" means you enter a frustration-free zone from application to decision. Getting the right mortgage loan is like getting the keys to your new house! We can help you get there.
2. Refinancing your current mortgage
Has never been easier. If you thought refinancing meant getting buried under mountains of paperwork, think again! We make it easy and worry-free to reduce your interest rate and monthly payment. We can even help you pay down your balance more quickly for comparable monthly payment. Let our professionals guide you to the very best refinanced loan!
3. Tapping into your home equity
Is easier than ever before. You've been paying down your balance, and property values have gone up! Tap into that wealth and reward yourself. We'll help with the best program to fit your goals.
4. Our Mortgage Professionals
Give you the personal attention you deserve and treat you with the respect due a valued customer. We understand you're making a commitment in buying a new home, refinancing your mortgage, and /or cashing out your home equity. So we make a commitment to you. We will help you qualify, apply and be approved for the right mortgage loan for YOU
1909 Coolidge Ave Suite C
Marion Illinois 62959
Phone 618-997-3517 Fax 618-998-1451
Employees:
Teri Stobbs Ricci # 357709 Loan Originator
_______________________________________
Corporate Office :
SISTAR MORTGAGE COMPANY
Address: 51650 Oro Drive Shelby Township Michigan 48315 
| 1. | How do I know how much house I can afford? |
| 2. | What is the difference between a fixed-rate loan and an adjustable-rate loan? |
| 3. | How is an index and margin used in an ARM? |
| 4. | How do I know which type of mortgage is best for me? |
| 5. | What does my mortgage payment include? |
| 6. | How much cash will I need to purchase a home? |
| Q : | How do I know how much house I can afford? |
| A : | Generally speaking, you can purchase a home with a value of two or three times your annual household income. However, the amount that you can borrow will also depend upon your employment history, credit history, current savings and debts, and the amount of down payment you are willing to make. You may also be able to take advantage of special loan programs for first time buyers to purchase a home with a higher value. Give us a call, and we can help you determine exactly how much you can afford. |
| Q : | What is the difference between a fixed-rate loan and an adjustable-rate loan? |
| A : | With a fixed-rate mortgage, the interest rate stays the same during the life of the loan. With an adjustable-rate mortgage (ARM), the interest changes periodically, typically in relation to an index. While the monthly payments that you make with a fixed-rate mortgage are relatively stable, payments on an ARM loan will likely change. There are advantages and disadvantages to each type of mortgage, and the best way to select a loan product is by talking to us. |
| Q : | How is an index and margin used in an ARM? |
| A : | An index is an economic indicator that lenders use to set the interest rate for an ARM. Generally the interest rate that you pay is a combination of the index rate and a pre-specified margin. Three commonly used indices are the One-Year Treasury Bill, the Cost of Funds of the 11th District Federal Home Loan Bank (COFI), and the London InterBank Offering Rate (LIBOR). |
| Q : | How do I know which type of mortgage is best for me? |
| A : | There is no simple formula to determine the type of mortgage that is best for you. This choice depends on a number of factors, including your current financial picture and how long you intend to keep your house. Bkers Mortgage Services can help you evaluate your choices and help you make the most appropriate decision. |
| Q : | What does my mortgage payment include? |
| A : | For most homeowners, the monthly mortgage payments include three separate parts:
|
| Q : | How much cash will I need to purchase a home? |
| A : | The amount of cash that is necessary depends on a number of items. Generally speaking, though, you will need to supply:
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Bakers Group of America Inc.
1909 Coolidge st.
Marion, IL 62959
United States
ph: 618-993-6641
fax: 618-998-1451
alt: 618-997-2102
Admin
