Whether you've found your dream home or just started shopping, it's time to choose the home loan that's right for you. With competitively priced fixed and adjustable rate loans and home equity lines of credit, we're able to tailor our programs to meet your individual needs. Avoid Private Mortgage Insurance with a 80-10-10 or a 80-15-5 Loan (call 847-619-1500 and we'll explain these types of loans)

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At Benchmarg Morgage Co., you’ll find a variety of loans to choose from – and we may approve any of them in just minutes. This is just one of

There are several factors to consider when choosing a loan. Do you want the stability of a fixed rate, or are you willing to accept a little more risk in exchange for the lower initial rate of an adjustable mortgage? How long do you plan to stay in your home? How much do you want your monthly payment to be?

The following grid outlines the features and benefits of each of our loan programs.

  30 Year Fixed 15 Year Fixed 5/1 Treasury ARM 3/1 Treasury ARM 1 Year Treasury ARM 6 Month LIBOR ARM FlexPay ARM 5 Year Balloon 7 Year Balloon
I want a stable monthly payment XXX XXX XX X       X X
I want to buy as much house as I can     X X XX XX XXX    
I plan to own my house in 5 years     XXX X       XXX XX
I believe interest rates are likely to fall     X XX XX XXX XXX    
I believe interest rates are likely to rise XXX XXX              
I need flexible monthly payments             XXX    
I want to avoid negative amortization XXX XXX XXX XXX XXX XXX   XXX XXX
I want the lowest possible payments         X X XXX    
I plan to refinance within 5 years     XXX X       XXX XX

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How much home can I afford?

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Benchmark Mortgage Corp.     1750 East Golf Road Suite 310 Schaumburg, IL 60173     Call us up today! (847) 619-1500 Fax: (857)619-9260