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Thursday, March 26, 2009

Special Internet Pricing

We have special internet pricing of 4.99% on a 30 year fixed rate mortgage for borrowers over a 720 credit score and not taking cash-out on a refinance of a owner occupied Wisconsin property. Certain restrictions apply. We do not charge points at this special rate. Email us at or call 414-416-9194

Sunday, March 22, 2009

$8000 Homebuyer Credit

You will receive an $8000 first time home buyer credit by purchasing a home by December 1st, 2009. A first time home buyer with a modified gross annual income of $75,000 or couples with $150,000 with receive the full benefit. For unmarried joint partners any of the qualifying partners may be a first time home buyer to qualify.
Contact us today. It is as if the government is giving you money to purchase a home. Take advantage of it. This is a credit. The check comes to you. It is not a deduction. It does not need to be paid back.

We can refer an experienced Realtor to you to represent your interests not the sellers!What are you waiting for? Call 414-416-9194

Thursday, March 19, 2009

4.9% IS HERE

We are offering a special 4.99% 30 year fixed conventional mortgage for borrowers with credit scores over 720 who can document income and assets. To apply send an email to or leave a message at 414-416-9194 with the best time to reach you and the desired loan amount.

Wednesday, March 11, 2009

Good News

According to Bloomberg News you can't get a mortgage at 5.5% even if you have 20% equity and a 720 score and can document income without bonuses. Every loan I have closed in the last 60 days has been at a rate below 5.5% and many people did not have 720 credit scores. We do things differently than national and international banks. First, we know the market, the people and the programs. We study and learn daily. We watch markets by the minute. Today we locked two customers at 4:55 PM when the best pricing of the last few weeks was available. See the difference. Experience Great Lakes Mortgage Corporation and Loan Officer Pete Cannon. Why would you pay more somewhere else?

Dow Rebounds

The stock market has roared back, with a huge rally yesterday among financials and a sideways move today. Mortgage applications incresed locally and rates improved. Underwriting at many lenders continued at a crawl. Avoid the stampede. Apply today.

Monday, March 9, 2009

Why Work With Us?

Our company Great Lakes Mortgage Corporation was established in 2000 and I started here one year later. During this time we have expanded our operations and now have offices in more than 6 locations. While other mortgage companies have closed we have grown. Why is this? Ask our customers. They will tell you why. Our greatest source of business is referrals and past clients. And we work hard every day to keep it that way. Give us a try. We want to be your lender for life. Ask for me, Pete Cannon.

Referral's Are Always Encouraged

Who do you know that is looking to buy a home or refinance to save money on their present mortgage?

Sunday, March 8, 2009

Mortgage News

Rates edged higher slightly last week even as an unemployment report Friday indicated more than 8.0% of Americans were out of work. Mortgage rates are still as low as they have been since 1971. Consumer spending increased in January more than anticipated. The Spring selling season sprouts soon.

Friday, March 6, 2009


A 30 year fixed FHA mortgage is available at 5.25% for a purchase of a 1-4 unit owner occupied Wisconsin home. This rate has improved in the last 12 hours. Loans limits are by county and are $315,000 in Milwaukee and Waukesha counties. Larger loan amounts are also available. The 5.25% rate can also be used for a cash-out refinance up to 95% of the appraised value of your home. To apply call 414-416-9194 to schedule an appointment.
APR 5.31%

Tuesday, March 3, 2009


The government set up another acronym today. First it was TARP (Troubled Asset Relief Fund) now there is TALF (Term Asset-Backed Security Loan Facility) The goal is to encourage lending and the sale of asset backed securities for credit cards, auto and small business loans. It should also help with car leases and commercial lending.