Chris Eastman

NMLS# 197104

Branch Manager, Producing

Chris Eastman
Branch Manager, Producing

NMLS# 197104
State Lic: IN# 19523; IL# 031.0026003; WI# 197104;
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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Thank you to you and your team! You made the whole process as easy as possible! You answered all my questions in a timely manner and were very honest from day 1! Will Highly recommend to friends and family!Charissa Magsino

NMLS# 197104

State Lic: IN: 19523; IL: 031.0026003; WI: 197104;

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

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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Buying Better Than Renting After Three Years in 64 Percent of Metros

May 30, 2013

According to a recent report by Zillow, in 64 percent of metropolitan areas across the nation it's a smarter financial move to buy a home when compared to renting, if the person plans on staying for three years. This information is particularly important for a first time home buyer weighing their options.

The report showed that certain housing markets fared better than others when it came to their breakeven point where buying was cheaper than renting. Zillow factored in all costs associated with buying and renting when compiling the information, including upfront payments, closing costs, anticipated monthly rent and mortgage payments, insurance, taxes, utilities and maintenance costs.

"Locally high home value appreciation in many areas, combined with historically low mortgage rates and low home prices relative to recent peaks, has made buying a home a more advantageous financial decision than renting for many would-be buyers," said Zillow Chief Economist Stan Humphries. "The decision to buy or rent should always take into account a number of factors, one of which is how long a buyer or renter plans to stay in a property. Even in areas with relatively low breakeven horizons, buyers should resist the temptation to buy and sell properties based only on short-term goals."

No bubble in sight
With today's housing market seeing low rates, prices rise and sales increase, Americans can't help but think is it all too good to be true? A recent report from Trulia indicated that it is not and no housing bubble forming. 

The report noted that for a bubble to form, home prices have to rise beyond their fundamental value. Trulia says that the actual value of a home is based on supply, demand and expectations of where the housing market will be in the near future. 

According to the report, home values are actually undervalued by 7 percent across the nation. When comparing this to pre-bubble levels, it is glaring that today's housing market is not in a bubble. Trulia indicated that homes were overvalued by 39 percent in 2006, just two years before the market collapsed. 

"Home prices fell so much after the last bubble burst that they still remain below normal levels even as prices rise sharply today," said Jed Kolko, Trulia's chief economist. "Several forces are waiting in the wings that should slow down today's rapid price gains before they rise into bubble territory again. More inventory, higher mortgage rates, and fading investor activity would each take home-price gains down a notch."

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Homebuyer checklist for 2014

Get positioned to buy a home. Those who are considering buying a home in the new year are likely in a good position. Affordability remains historically high, and inventory will be abundant. However, while conditions are ripe for a purchase, there are still a number of things homebuyers will need to do to prepare for what will likely be the largest purchase in their lifetime. 

Whether you are experienced or new to the housing market, buying a home probably seems like a daunting task. With so much to consider, it's important to follow a checklist. Here are some tips to get any potential buyer started with the process:

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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