Tony Perri Jr. - Novus Home Mortgage

Tony Perri Jr. - Novus Home Mortgage SIMPLE.DIGITAL.SMART. Tony Perri Jr. NMLS #52423
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Novus Home Mortgage is a division of Ixonia Bank, NMLS #423065. Loan Officer.

An Equal Housing Lender. The Tony Perri team has 25+ years of combined experience in Real Estate Finance & 30+ years experience in the Real Estate Service Industry. Our three person team has two seasoned Senior Mortgage bankers and one experienced Jr. We provide 'local flavor' with on-site processing & in-house underwriting. We originate, process & fund Fannie Mae products, Freddie Mac products,

FHA products, USDA/RD products & VA products. We provide you top notch customer service in all 50 states! Novus Home Mortgage is a division of Ixonia Bank, NMLS #423065. Equal Housing Lender.

09/03/2026

Do solar panels raise your premium, lower it, or leave it untouched? It doesn't change it at all.

Solar panels fall under dwelling extension, the same coverage that applies to your garage, fence, or pool. The question isn't whether you're covered, it's whether that limit is high enough. The default is usually around 10% of your dwelling replacement cost, and increasing it is relatively inexpensive.

If your home's rebuild cost is $500,000, that's $50,000 in dwelling extension coverage, and everything attached to or detached from the house, garage, fence, pool, solar panels, all draws from that same limit. Make sure it's enough to cover all of it combined, not just the panels.

New episode, "Panel Discussion, A Solar Panel Episode," breaks down the financing, resale, and insurance angles on solar. Watch now: Panel Discussion, A Solar Panel Episode

📲 Mortgage questions: Tony Perri Jr., applywithjr.com
🏠 Real Estate questions: Tony Mitidiero, tonymitidiero.com
🛡️ Insurance questions: Adam Hage, adamismyagent.com

09/02/2026

Solar panels look great on a listing photo — until they show up on a title search or a debt-to-income calculation. This week, Tony Perri Jr., Tony Mitidiero and Adam Hage tee up one of the trickiest topics in today's housing market: what happens when solar panels are involved in buying, selling, refinancing or insuring a home.

Just like a course upgrade that looks good on paper but changes how you have to play the hole, solar panels can quietly change the terms of the deal. The panel breaks down the real differences between owning, leasing, and financing solar equipment and why lenders, appraisers, title companies and insurance carriers each treat those situations very differently.

Tony Perri Jr. walks through how mortgage companies handle solar debt, appraised value, and lien position, including why a leased system can quietly disqualify a buyer or stall a refinance. Tony Mitidiero covers what this means at the negotiating table: disclosure obligations, buyer walk-aways and how a solar lease assumption can blow up a closing timeline. Adam Hage rounds it out with the insurance side most homeowners never think about- loss payee restrictions, and why hail and wind coverage (a real concern here in the Midwest) matters more than people realize.

Whether you already have solar, you're shopping for a home that has it, or a contractor is knocking on your door with a "no money down" pitch, this episode is the checklist you need before you sign anything.

📍 Chicago Metro & Northwest Indiana homeowners — this one's for you.

🏌️ Mortgage questions? → applywithjr.com
🏠 Real Estate questions? → tonymitidiero.com
🛡️ Insurance questions? → adamismyagent.com

09/02/2026

Americans perform the worst when it comes to saving and building an emergency fund, and that's step one, before insurance, before anything else. If it's built on a pile of sand, it all crumbles.

There's a real connection between an emergency fund and something like disability insurance. In a way, your emergency fund functions as a disability policy you're not technically paying for. You're giving up the opportunity cost of what that money might have earned elsewhere, but what it buys you is time.

New episode covers this and more. Watch now: 3% of What?! Rebuilding Your Budget for the New Wind & Hail Reality

08/31/2026

Insurance company estimates are dialed in. They know labor rates, material costs, and they've surveyed contractors in the area. That number isn't a guess.

So when a contractor comes in well under that estimate, the savings has to come from somewhere. It's usually one of two places: unskilled labor, which shows up later as work that wasn't done correctly, or cutting corners on materials by using less of them or a lower-grade product.

Either way, you're not actually saving money. The cost just moves from your upfront bill to a problem down the road. There's no free lunch, and there are no corners to cut without a consequence attached.

New episode covers this and the rest of the red flags to watch for. Watch now: 3% of What?! Rebuilding Your Budget for the New Wind & Hail Reality

08/30/2026

Insurance is a transfer of risk. Spreading that risk across enough people is what keeps premiums reasonable, and what's actually happening with your coverage isn't a mystery. It can be understood.

The issue is most people don't take the time to look, and default to buying based on price alone. After recent storm activity, more homeowners are starting to pay closer attention to their coverage, which is a positive shift.

Knowing what you have and having a strategy behind it matters. This isn't a "15 minutes could save you 15%" decision. It's your home.

New episode breaks down what to actually look for. Watch now: 3% of What?! Rebuilding Your Budget for the New Wind & Hail Reality

🛡️ Insurance questions: Adam Hage, adamismyagent.com
🏠 Mortgage questions: Tony Perri, applywithjr.com

08/27/2026

Percentage-based Wind/Hail deductibles aren't new, they've been creeping in for about a decade. What's new is how much bigger they've gotten in people's minds without anyone realizing it. 🏚️

That percentage is based on your replacement cost coverage, not market value, and those aren't the same number. Insurers started this shift to keep premiums lower, and even let homeowners opt to keep a flat deductible for a higher premium. But post-COVID inflation changed the math. A house people still think of as a "$500,000 home" often costs far more than that to actually rebuild today.

So when your deductible is 3% of replacement cost, it's 3% of a much bigger number than most people assume. New episode breaks down how to rebuild your emergency fund around this new reality.

3% of What?! Rebuilding Your Budget for the New Wind & Hail Reality

08/26/2026

Convective storms and tornadoes have hammered Illinois and Indiana harder than ever over the last three years and most homeowners have no idea their insurance deductible quietly changed under them. Tony Perri Jr. and Adam Hage break down how wind/hail deductibles shifted from a flat dollar amount to a percentage of your home's replacement cost, why that can mean a $10,000+ out of pocket hit after a bad hailstorm, and most importantly how to rebuild your emergency fund and household budget so that number is sitting in cash before the next storm hits, not after.

08/26/2026

We had an association say they'd just have buyers "get their loan from a different bank." Here's why that doesn't work. 🏦

This comes down to warrantability, a Fannie Mae/Freddie Mac thing, not a bank thing. It means the GSEs trust the association's financials enough to back the loan, which is what unlocks GSE-subsidized rates and fees. Fannie and Freddie aren't banks, they're basically the mortgage market itself, the bank's bank. So if an association isn't warrantable, every conventional lender hits the same wall.

Full breakdown in this week's episode, "Please Fund The HOA | Fannie & Freddie's New Condo Rules Explained."

📞 Mortgage: Tony Perri Jr., applywithjr.com
🏡 Real Estate: Tony Mitidiero, tonymitidiero.com
🛡️ Insurance: Adam Hage, adamismyagent.com

Address

19627 S. LaGrange Road
Mokena, IL
60448

Opening Hours

Monday 8am - 6pm
Tuesday 8am - 6pm
Wednesday 8am - 6pm
Thursday 8am - 6pm
Friday 8am - 6pm

Telephone

+16302849729

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