About Us
Connecting all your mortgage loan needs.
Who I am
I promise to give you an excellent mortgage loan experience!
Whether it’s a purchase or refinance; residential or commercial, John Gurhy is your “one stop mortgage loan shop”. John has been in finance since 1986 and has had the pleasure of helping thousands of clients. John is licensed in nine states – Illinois, Indiana, Wisconsin, Michigan, Florida, Texas, Colorado, Tennessee, Arizona.
Throughout the years he has been able to help clients with an array of different needs. There is no scenario that he is unwillingly to take on.
Being an immigrant himself, he understands the difficulties and the apprehension that can come with mortgage loan financing. John has been able to help clients from around the globe and it has given him great satisfaction to be able to assist in one of the most important decisions in your life!
John can get you a pre-approval in 15 minutes and a full approval in 72 hours after signing a contract.
“Remember you are not a stranger – only a friend I haven’t met yet”
Loan Options
Adjustable Rate Mortgage Adjustable rate mortgages, also referred to as ARMs are home loans with a variable rate which takes effect after initial set period . As interest rates rise and fall in general, rates on adjustable rate mortgages follow but always tend to be lower than fixed rates. A main reason to consider adjustable rate mortgages is that you may end up with a lower monthly payment. This can be beneficial for borrowers who want to sell or refinance their property within 3-10 years.
With a fixed rate mortgage, the interest rate does not change for the term of the loan; the monthly payment is always the same. Typically, the shorter the loan period, the more attractive the interest rate will be. Payments on fixed-rate fully amortizing loans are calculated so that the loan is paid in full at the end of the term. In the early amortization period of the mortgage, a large percentage of the monthly payment pays the interest on the loan. As the mortgage is paid down, more of the monthly payment is applied toward the principal.
FHA mortgage loans are issued by federally qualified lenders and insured by the U.S. Federal Housing Authority, a division of the U.S. Department of Housing and Urban Development. FHA loans are an attractive option, especially for first-time homeowners: