Chris Eastman

Branch Manager, Producing

Chris Eastman
Branch Manager, Producing

3701 Algonquin Rd
870
Rolling Meadows, IL 60008
Mobile: (847) 609-9224
Fax: (630) 206-1088
chris.eastman@academymortgage.com

As a distinguished member of the real estate finance industry for the last 16 years I have and continue to pride myself on the ability to exceed my clients’ and trusted partners’ expectations. My commitment to the industry has allowed me to participate in a wealth of educational opportunities and industry designations that have given me the insight to better assist even the most challenged borrowers. As an employee of Academy Mortgage Corp., a progressive national mortgage banker, I have broadened the scope of available products and programs to bring home ownership access to the largest prospective client base.

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We are proud to be one of the top independent purchase lenders in the country. We achieved this distinction by continually providing exceptional customer service and by following responsible lending practices, especially in today’s rapidly changing economy.Adam Kessler, President, Academy Mortgage

NMLS# 197104

State Lic: Illinois MLO: 031.0026003; Indiana DFI-MLO: 19523; Wisconsin MLO: 197104;

Corp Lic: IL: MB.6760661; IN: 10966;

Illinois Residential Mortgage Licensee;

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Study: Kids play large role in Americans' housing decisions

Even though parents are the ones with the money when it comes to buying a house, a new study suggests that children play a larger role in housing decisions than some may think. Coldwell Banker Real Estate surveyed 2,000 people in the United States who are millennial parents (between the ages of 18 and 34) and Generation X parents (ages 35 to 49).

Here's what the research showed:

The study points out that these responses are noticeably different from how baby boomer parents (ages 50 to 69) feel. Research revealed that only 52% of boomer parents made major purchasing decisions based on their kids in the past, and only 54% were more concerned about the emotional impact a move would have on their child than the long-term validity of a decision to move.

Why the change in perspective? There are a variety of reasons this shift may have occurred, though analysts point out that it's not that major of a change. When boomer parents were raising kids and they received a good job opportunity, it was often decided that the kids would just have to adjust, said Robi Ludwig, a psychotherapist and the lifestyle correspondent for Coldwell Banker Real Estate. Now, perspectives may have changed, as parents are less willing to shake things up if their children are thriving where they are. Many parents might rather stick with the status quo than go into the unknown.

"What [the shift is] saying is that a slightly greater number of younger generation parents think about the impact on kids than the older generation," Eileen Kennedy-Moore, co-author of "Smart Parenting for Smart Kids," told MarketWatch. 

The jury is still out, however, on whether it's bad or good that kids are playing a bigger role in families' financial decisions today compared to in years past. It depends on the family and the situation, and isn't just black and white.

For any families looking to make a move, a professional mortgage company can help make the process easier.

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2013 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.

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Happy National Homeownership Month!

While the advent of summer is likely enough to get you excited, there's another reason to celebrate this June: It's National Homeownership Month. This provides an opportunity to reflect on how the American dream of owning a house has impacted the lives of millions of people across the country.

Being a homeowner gives you more than just a roof over your head. As the property's value appreciates, you gain equity that can be used to help pay for important life expenses like college tuition. Many costs related to owning a home are also tax-deductible.

Homeownership a reality for many Americans. With the housing market doing as well as it has this year, more Americans are finding homeownership affordable. According to a report released at the end of April by the Department of Commerce, the homeownership rate in the first quarter of 2014 was 64.8%. This is a slight drop (0.2 percentage points) from the same time period in 2013, but it's still a strong statistic and will likely improve as we move into summer.

Here's what else the report showed:

Conventional mortgage rates are at their lowest levels of the year, according to Freddie Mac's latest Primary Mortgage Market Surveys, and Americans are feeling optimistic about the market, the Mortgage Bankers Association has reported. If these don't signify a great time to buy, what does? 

For anyone thinking about getting into the market and becoming a homebuyer for the first time, a professional mortgage company can help. Everyone deserves to achieve the dream of owning a home someday, and the process doesn't have to be intimidating if you have the right assistance.

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2013 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.

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Considering Refinancing?

When you’re making the decision to refinance, there are several things to keep in mind.

First, if your current interest rate is significantly higher than today’s lowest rates, you may be able to roll your loan costs into your new mortgage and still get a lower rate than you have, thereby reducing your interest payments and lowering your monthly payment immediately.

Second, if you are planning to stay in your home for at least three to five years, it may make sense to pay “points” (a point equals 1 percent of the loan amount) and closing costs to get the lowest available rate.

And third, you can avoid laying out cash and still get a low rate by adding the points and closing costs to your new mortgage.  Does that mean shouldering a lot of extra debt?  Not necessarily.  If you’ve had your current mortgage for at least three years, you’ve probably reduced your balance by several thousand dollars.  So you may be able to tack your closing costs onto your new loan and still end up with a mortgage that’s smaller than your original loan—with a lower interest rate and lower monthly payment.

You also may want to consider lowering the term of your loan to pay off your home sooner.  This option may raise your monthly payment, but may save you a substantial amount of interest over the term of the loan.

You also may want to consider a fixed-rate loan, which has an interest rate that is fixed for the entire term of the loan, as compared to a variable-rate loan, which has an interest rate that can increase or decrease based on the short-term indexes.

Contact your Academy Mortgage Loan Officer to see if refinancing is a good option for you.

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