Illinois and Wisconsin Mortgage Rates as of 12/02/2008 9:57 AM CST : Current Mortgage Rate Trend: steady 30 Year fixed: 5.500% (5.572% APR)
15 Year Fixed: 5.500% (5.603% APR)
30 Year Fixed Jumbo 7.100% (7.120% APR)
5/1 Jumbo ARM: 5.950% (5.970% APR)
5/1 ARM: 6.250% (6.313% APR)
3/1 ARM: 6.250% (6.313% APR)
30 Year FHA and VA: 6.000% (6.062% APR)
30 Year Rural Housing: 6.000% (6.062% APR)
3/1 ARM Lot Loan: 6.875% (7.034% APR)
1/1 ARM Lot Loan: 6.725% (6.882% APR) Illinois and Wisconsin Mortgage Rates as of 12/01/2008 10:05 AM CST : Current Mortgage Rate Trend: improving 30 Year fixed: 5.500% (5.572% APR)
15 Year Fixed: 5.250% (5.372% APR)
30 Year Fixed Jumbo 7.100% (7.120% APR)
5/1 Jumbo ARM: 5.950% (5.970% APR)
5/1 ARM: 6.125% (6.188% APR)
3/1 ARM: 5.750% (5.791% APR)
30 Year FHA and VA: 6.000% (6.062% APR)
30 Year Rural Housing: 6.000% (6.062% APR)
3/1 ARM Lot Loan: 6.875% (7.034% APR)
1/1 ARM Lot Loan: 6.725% (6.882% APR) 2009 FHA Loans Limits for Wisconsin and Illinois Beginning January 1, 2009, FHA will insure single-family home mortgages up to $271,050 in low cost areas and up to a maximum of $625,500 in high cost areas. The February 2008 Stimulus Package temporarily raised the FHA maximum to $729,750 through December 31, 2008. Effective July 14, 2008 FHA mortgage loans will charge new mortgage insurance premiums Effective July 14, 2008 FHA mortgage loans will charge new mortgage insurance premiums based on a combination of credit scores and percentage down. FHA will implement risk-based premiums on one- to four-unit single family mortgages. Illinois First Time Home Buyer Mortgage Wisconsin First Time Home Buyer Loans We pride ourselves on being able to assist the first time home buyer in learning and understanding the process. We take the time to review the credit process and explain the various lender programs available. Illinois FHA Mortgage Wisconsin FHA Mortgage (Federal Housing Administration) Ameristar Mortgage offers Illinois and Wisconsin FHA mortgage loans to Wisconsin and Illinois residents: Purchase a home thru FHA with no money down (100% financing). Cash our refinance with an FHA mortgage to 95%. Ameristar Mortgage is an approved mortgage broker for FHA loans in Wisconsin and Illinois including Chicago, Milwaukee and Madison. Illinois and Wisconsin Jumbo Bank Statement Mortgage Program Due to ever changing guidelines to the stated income program Ameristar Mortgage now offers jumbo bank statement mortgage programs to $1,500,000 available to Wisconsin and Illinois residents. Illinois and Wisconsin Core Bank Statement Mortgage Program Due to ever changing guidelines to the stated income program Ameristar Mortgage now offers core bank statement mortgage programs to $750,000 available to Wisconsin and Illinois residents. It's Official! Illinois 2008 FHA Loan Limits to Rise! FHA has increased the loan limits to $410,000 for single family homes in Cook, Dupage, Dekalb, Grundy, Kane, Kendall and Lake counties. The increase should provide some relief for homeowners paying adjustable or high mortgage rates. The measure is temporary, and will be available until the end of 2008. Illinois Freddie Mac Home Possible Wisconsin Home Possible Mortgage Loan Home Possible is a Freddie Mac program that has very flexible credit guidelines for low to moderate income borrowers. It's available to purchase or refinance a single family home, condominium, or a 2?4 family home. Jumbo VA Mortgage Loans in Wisconsin and Illinois With loan amounts up to $1.5 million and interest rates significantly below comparable jumbo products, there's no better time to consider jumbo VA loans! Eligible borrowers include active military, veterans, reservists, National Guard, and unmarried surviving spouses of eligible service members. Illinois Jumbo Mortgage Loans Wisconsin Jumbo Home Loans Ameristar Mortgage offers full doc jumbo loans and non conforming home loans, including fixed and adjustable rate jumbo mortgage loan products, balloon products, and even interest only programs to meet the purchase or refinance needs of our borrowers... Illinois VA Mortgage Loans Wisconsin VA (Veterens Affairs) Mortgage Home Loans Enjoy the privilege of no money down loan for qualified Illinois and Wisconsin veterans and reservists. The Department of Veterans Affairs insures these loans, so you'll get more freedom to make decisions. Illinois Refinance Wisconsin Refinance, Debt Consolidation and Cash Out Refinance to 100% Mortgage Home Loans Whether you are looking to refinance your current Illinois or Wisconsin mortgage to obtain a lower rate, get out of your current adjustable rate mortgage (ARM) and into a fixed rate, get cash out to add an addition, finish your basement, or to just payoff credit cards and other unwanted debt Ameristar Mortgage has the right refinance program for you: Illinois Interest Only Mortgage Loans Wisconsin Interest Only Loans An Interest Only mortgage is an excellent mortgage option for borrowers who want the lowest payment possible. An Interest Only loan means exactly what it says, the borrower pays interest only. By paying interest only on a mortgage loan, borrowers can purchase more home with the same payment as they would with a traditional 30 year fully amortizing loan. Illinois Stated Income Stated Asset Wisconsin Stated Income Stated Asset Mortgage Loan (Conforming Rates) (SISA) Ameristar Mortgage of Wisconsin and Illinois offers Stated Income Stated Asset Verification (SISA) Low Doc Mortgage - Great for self employed or W2 employees who cannot document income or assets... Illinois Rural Mortgage Loans Wisconsin Rural Housing Single Family Guaranteed Loan (USDA) Rural Developement Rural Housing loans offer 100% Financing plus up to appraised value for closing costs and escrows (pre-paids). The Guaranteed Rural Housing (GRH) loan program provides moderate income families with access to affordable home ownership in eligible rural areas. Ameristar Mortgage provides home purchase financing requiring no down payment and can finance loan closing costs and repairs up to the property's appraised value. Illinois No Money Down Mortgage Loans Wisconsin No Money Down Mortgage Loans (100% Financing) Loans that finance the full purchase price, and thus do not require a down payment, are called "100% financing loans". 100% Financing loans are also referred to as "no money down loans". Ameristar offers the following 100% financing programs: Illinois Lender Paid Mortgage Insurance Wisconsin Lender Paid Mortgage Insurance Loans (LPMI) Lender Paid Mortgage Insurance (LPMI) is available on Conforming 30 and 40 Year Fixed products giving you the simple path to financing your home loan. Illinois Less than Perfect Credit Wisconsin Less than Perfect Credit (no credit, poor credit) BC or Subprime Loans We have a variety of programs tailored for borrowers that have a less-than perfect credit history. Many potential homebuyers come to us after they have been turned down elsewhere, and often by numerous lenders. The primary difference between Ameristar Mortgage and other lenders is that we view low credit scores, low income, low home equity, and marred credit histories simply as unique challenges rather than impossible obstacles. Illinois New Construction and Lot Loans Wisconsin Construction and Lot Loans: Refinance and Purchase Finance up to 95% with a construction loans and up to 90% on a Wisconsin Illinois lot loan. Ameristar Mortgage also offers a cash out refinance lot loan. Purchase a new lot or refinance you current lot mortgage loan. Illinois My Community Mortgage and Wisconsin Fannie Mae My Community Mortgage Loan (MCM) My Community Mortgage (MCM) is a Fannie Mae program that has very flexible credit guidelines for low to moderate income borrowers. It is available to purchase or refinance a single-family home, condominium, or a 2 to 4 family home. Illinois Flex 100 Flex 97 Wisconsin Flex 100 Flex 97: One Conventional Fannie Mae 100% or 97% Financing Mortgage Loan Get a conventional 100% loan with only $500 down. With the Flex 100 Program, you can get more house for less out-of-pocket costs. If you have not accumulated the assets to meet traditional financial requirements, this program may be for you. Illinois Government Loans and Wisconsin Government Insured Home Mortgage Home Loans If you are looking to make no or low down payment or if you are a veteran, the government may be able to help you with a no money down purchase or refinance! Check out these great programs: FHA loans, VA loans and Rural Housing loans: Illinois 80/20 Wisconsin Combo 80-20, 75-25, 80-15-5 and 80-10-10 Mortgage Loan 80/20 mortgage loans sometimes called a Piggy-Back loan, is a program designed to help Borrower's purchase a home with 0% down while avoiding Mortgage Insurance. An 80/20 loan is actually 2 mortgage loans, a 1st mortgage (at 80% of the value of the home) and a 2nd mortgage (at 20% of the value of the home.) Illinois No Ratio Wisconsin No Ratio Mortgage Loan Ameristar Mortgage Wisconsin and Illinois offers No Ratio mortgage loans - Low Doc Mortgage - Great for self employed or W2 employees who cannot document income but can verify assets and employment history... Illinois No Income Loan Illinois No Income Verification Mortgage Loan (NIV) Ameristar Mortgage Wisconsin and Illinois offers No Income Verification (NIV) no income verified assets - Low Doc Mortgage - Great for self employed or W2 employees who cannot document income but can verify assets... Want to receive updated mortgage rates and program information on your desktop, MySpace or Facebook page? Check out our new widget! Ameristar Mortgage of Wisconsin and Illinois now offers updated rates and program information on your desktop, Myspace, Facebook, iGoogle and many others sites for integration via our new widget. Receive Current Mortgage Rates and Mortgage Program Updates by Email Want to receive updated feed content by email? You will only recieve updates when I update this feed. Click on the link to active your email subscription. Illinois Mortgage Programs Wisconsin Home Mortgage Programs Chicago Programs Milwaukee Madison Programs You need a mortgage company that can answer your questions, provide accurate estimates and close your transaction on time. Put Ameristar's experience in closing thousands of purchase and refinance transactions to work for you.
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Small Business's New Regulations By Audrey Hoffman, Mon Jan 2nd
Time was, you could just hang up a shingle and call yourself abusiness. As long as you didn't shoot anyone, you were prettymuch left alone. Not so any more. A glut of federal and stateregulations have come into being, many just over the past fewyears, and many apply to small businesses. These regulations aremeant to accomplish any one of several social goods, such asprotecting an individual's privacy and preventing identitytheft, preventing corporate financial scandals, or lastly, or soit would seem, just to annoy small businesspeople by increasingtheir paperwork burden. Fortunately, if you understand theseregulations, complying doesn't have to be too difficult orexpensive.
If you have a publicly-held company, you'll have to comply withthe Sarbanes-Oxley Act, which sets technological standards andreporting requirements for how companies handle their financialreporting. Passed in response to the recent wave of corporatescandals, fiscal mismanagement and outright theft,Sarbanes-Oxley puts in place a set of requirements forestablishing internal controls that ensure the integrity of acompany's financial data. Although the requirements aregenerally the same for companies of all sizes, smaller companieshave been granted some flexibility in terms of longer timeframesto become compliant. This Act calls for, among other things,security-related solutions to be put into place to regulateaccess to financial data, provide an audit trail, and generatedetailed reports for the government. The good news is, if youalready follow best practices in security, you're already morethan halfway there.
If you are in the healthcare industry, whether you are ahealthcare provider, pharmacy, or a data processing agencyserving the healthcare industry, you'll have to comply with theHealth Insurance Portability and Accountability Act (HIPAA).HIPAA calls for any company that handles private patient data toguarantee that it is secure and protected against unauthorizedaccess. If your company handles healthcare information of anysort, for any reason, you will have to take technological stepsto ensure that it is secure through measures such as encryption,strong two-factor authentication, and adequate firewalling.
And if you're in California, or if any of your customers are inCalifornia,
you'll have to comply with SB 1386 (the CaliforniaInformation Practice Act). This law requires that your companyprovide notice to customers whenever any technological hack, orother attack has occurred and caused personal information to beexposed and vulnerable to theft. Meant to safeguard againstidentity theft, this state law also applies to anysubcontractors of companies that maintain information aboutCalifornia residents. This particular law is ground-breaking,since although it is on paper just a California law, it has, inreality, become a federal law. California is the largest state,population-wise, in the U.S., and any mid-size company and manysmaller ones have at least a few customers in California,regardless of where the company is actually located. If, forexample, your company is in Maine, but your mail order divisionsold some products to someone in California, you must comply.Compliance simply means that if your network is attacked, youmust notify your customers. Although this can be doneindividually, most companies actually make notification on theirWeb sites, or through issuing a public press release.
The Visa Cardholder Information Security Program (CISP) isn't astate or federal law, but a mandate from VISA USA created toprotect cardholder data. It calls on all vendors who acceptcredit card payments to adhere to a higher standard ofinformation security for the purpose of guarding againstidentity theft. CISP calls on vendors to implement standardsecurity measures such as firewalls, anti-virus software, andstrong authentication to regulate who has access to customercredit card data. Visa also has set forth a set of bestpractices. Compliance is easy, and involves adhering to thePayment Card Industry Data Security Standard which includes acall for implementing standard security technology, restrictingaccess, and encrypting the transmission of any cardholder data.
Audrey Hoffman is a successful business woman who writesarticles for entrepreneurs, in addition to writing for SpeedyIncorporation, a site that helps people incorporate in North Carolina and offers business advice. http://www.speedy-incorporation.com
About the author:Facts about new regulations and how they affect small businessowners.
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