Real Estate Professionals Smoking Cigars

By James Campanella

An entertaining and educational review of various areas of the real estate industry and the home buying process mixed in with cigar reviews. Each episode is designed to have an informative and down to earth conversation with an industry “insider” discussing aspects of the real estate and lending industries while enjoying various cigars.

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Post COVID and the Self-Employed

Real Estate Professionals Smoking CigarsJun 04, 2020

00:00

17:60

Post COVID and the Self-Employed

Recently FreddieMac and FannieMae have released the guidelines on how to determine self-employed income now that most Stay-at-Home Orders have been lifted, or at least life is beginning to return to "normal". How do the new guidelines affect those that are self-employed, but have had their income affected during Covid-19?
Cigar Lounge Review: David's Fine Tobaccos, 9759 University Ave, Clive IA 50325 (515-278-8701)

Jun 04, 202017:60

The CARES Act and Mortgage Forbearance

As part of the stimulus package to deal with Covid-19, the CARES Act was passed, which in part, allows for mortgage forbearance. The media has not really properly addressed what this means to a homeowner. So this episode of the podcast helps provide you a better understanding of what it means to use mortgage forbearance. More information can be found at www.consumerfinance.gov/coronavirus/cares-act-mortgage-forbearance-what-you-need-know/. This week cigar lounge review: Rudy's Cigars 6240 E Riverside, Loves Park IL 61111

May 07, 202017:23

Stay-At-Home Order - How are you coping?

In this episode of the podcast, we talk a little about what you need to ask before considering using the forbearance option on your mortgage loan; the benefit of considering purchasing a home in this market; and, the need for all of us to be a bit more neighborly.
Cigar Lounge Review: Your Mortgage Guys Virtual Cigar Lounge

Apr 27, 202008:04

Covid-19 and the Stay-at-Home Order

It has now been a few weeks that the Stay-at-Home Order has been placed in Illinois. Across the country American's are either in an essential field, working from home, or unfortunately have been temporarily laid off. This episode of our podcast addresses how there have been some temporary guidelines created for income verification and also addresses some questions on mortgage forbearance.
Cigar Lounge Review: Kenny the King Tobacco, 28975 IL Rte 120, Lakemoor, IL
If you are interested in attending the FREE webinar "Learn about Credit w/Jim Droske" You can register on Facebook at Real Estate Professionals Smoking Cigars or click this link: crosscountrymortgage.zoom.us/webinar/register/7215859247654/WN_YXLo1ZwvQkSi1KmcNtbcgg

Apr 09, 202019:11

Jan 30, 202023:25

2020 - Welcome to the new year!

In this episode we will discuss the new 2020 lending limits for both conventional and FHA loans. We will also address the changes to the VA program outlined by the Blue Water Navy Vietnam Act of 2019.

Cigar Lounge Review: Stanza dei Sigari, 292 Hanover St, Boston MA

Jan 16, 202022:32

Credit Reports 101

This week we are honored to have Darlene Aragon, Regional Account Executive of Credit Plus, Inc., a national provider of credit reports. Darlene is a veteran of the credit reporting industry and shares her insight on some basics when it comes to credit. Over the next few weeks, we will be going more in depth into many questions consumers have about credit. This week, however, we take a general overview approach on how to understand your credit history.
Websites mentioned in the podcast:
www.MyFICO.com
www.AnnualCreditReport.com
Cigar Lounge Reviewed:
Rudy's Cigars, 6420 E Riverside Blvd, Loves Park, IL 61111 - 815-282-0506

Nov 21, 201932:02

35 Years and Going Strong

It has been a few weeks since we last created a podcast. Not making any excuses other than saying that the Real Estate Industry and Mortgage Lending has been keeping both of us very busy. That said, we have committed that we will be returning with regular podcasts and figured that this topic is a great one to re-start our podcast production... In 1985, after a working a few years in banking, Jim Campanella originated his first mortgage loan application. Rates were double-digit and Jim was working at American Security Federal Savings & Loan on 59th and California, on the south-side of Chicago. It has been thirty-five years, but now Jim is kicking off a year of celebrating this anniversary.

Cigar Lounge Reviewed: Habana Cigar House, Rolling Meadows IL

Nov 15, 201915:21