Mike Pelagio at RATE - NMLS #1929475

09/22/2026

A temporary rate buydown can be a great strategy for both buyers and sellers in today's market.

For buyers, it can mean a lower interest rate and lower monthly payment during the first few years of the loan, helping make the transition into home ownership more affordable.

For the sellers, instead of simply lowering the purchase price, offering a concession toward a temporary rate buydown can help reduce the buyer's payment while allowing you to maintain your asking price.

There are several options available, including 1-0, 2-1, and 3-2-1 temporary buydowns, depending on the transaction and buyer's needs.

Sometimes, the better negotiation isn't a lower price, it's a lower payment.

Whether you're buying, selling, or helping a client navigate today's market, I'd be happy to show you how a temporary rate buydown could make the difference.

09/18/2026

Why wait? Our higher conforming loan limits are available ahead of the FHFA announcement, helping you maximize buying power sooner. Contact me to see what this could mean for your home search.

09/15/2026

Big week for mortgage rates.

The Federal Reserve is widely expected to raise its benchmark interest rate 0.25% this week.

But here's the important part, that does not mean mortgage rates automatically go up by 0.25%.

Mortgage rates are much more influenced by the bond market, inflation expectations, and, most importantly, what the Fed says about where they see rates heading from here.

We've already seen a lot of movement in the bond market leading into this meeting, so what the Fed says could be just as important as what they actually do.

We'll see what the Fed decides and what that means for mortgage rates going forward.

09/11/2026

09/01/2026

🏡 Forget Mortgage Insurance & Save Monthly!

Think putting less than 20% down automatically means paying mortgage insurance? Not anymore.

With Rate’s Forget MI program, qualified first-time homebuyers may be able to purchase with as little as 3% down, with NO monthly mortgage insurance.

That could mean:

✔️ Lower monthly payments
✔️ More money staying in your pocket
✔️ More flexibility in your homebuying budget
✔️ The ability to buy sooner without waiting to save 20% down
✔️ Gift funds may be allowed to help with your down payment

Why pay mortgage insurance if you may not have to?

Every buyer’s situation is different, so let’s see if this program could work for you.

📲 Message me today and let’s run the numbers. You may be closer to homeownership than you think!

08/29/2026

House photos, infographics, and listing agent details for 3146 E Newcastle Court, Waukegan, IL, 60087. This home is priced at $330000, with 4 beds, 2.5 baths, and 1,944 sqft.

08/28/2026

With Summit Grove in Schaumburg now officially sold out, we’re looking ahead to what’s next.

A new Nitti Development community is coming soon to Schaumburg, and we’re excited to begin sharing what’s ahead.

Loeber Farm. Coming soon.

Join our interest list at Nittidevelopment.com/community/loeber-farm/ to receive the latest updates and community details as they become available.

08/27/2026

🏠 Cook County Homeowners, Don't Forget Your Property Tax Bill

The 2025 Tax Year Second Installment Property Bill is now available, and payments are do October 1, 2026.

If you're not sure where to find your bill or how to make your payment, I put together a simple guide that walks you through the process, including how to:

• Look up your property using your address or 14-digit PIN
• Check your balance and due date
• Pay online through Cook County Treasurer
• Pay from checking or savings account with no fee
• Confirm your payment was received

⚠️ One important reminder: If your property taxes are included in your mortgage escrow, check with your mortgage servicer before paying the bill yourself. You don't want to accidently make a duplicate payment.

Just purchased your home? Your tax bill may still show the previous owner's name. That's ok, just make sure the property address and PIN are correct.

08/25/2026

Considering a condo?

Before making an offer, it's important to make sure both the unit and the building meet financing requirements. I can review key factors that may impact loan approval, including:

✔ HOA Finances
✔ Insurance coverage
✔ Reserve funds
✔ Rental restrictions
✔ Lending eligibility

Send me the condo address, and I'll help identify potential issues before they become surprises.

08/18/2026

Everyone hopes for lower rates.

But if home prices increase while you're waiting, you may find yourself:

• Paying more for the home
• Borrowing more money
• Bringing more cash to closing
• Making a higher monthly payment

The goal isn't to perfectly time the market.

The goal is to make the best decisions with the opportunities available today.

Thinking about buying? Reach out and let's talk.