Chris Eastman is a Mortgage Loan Officer at First Centennial Mortgage. He began working in the mortgage industry in 1997. He later teamed up with some colleagues and founded a mortgage banking company. Since then, Chris has served as CEO/Managing Partner of another mortgage company before coming to First Centennial Mortgage. Chris is a Certified Residential Mortgage Specialist (CRMS), which is a national designation held by less than 1 percent of all mortgage originators. He is a member of the National Association of Mortgage Professionals.
On the practical side of the loan transaction, Chris wants to save his clients time and money, knowing this is likely the single largest investment they will make in their lifetimes. He feels a responsibility to integrate his clients’ mortgages into their overall long- and short-term financial plans; therefore, he does whatever it takes to find the ideal loan solution for his clients’ unique lending situations and needs.
Chris gets to know his clients on a personal level throughout the loan process, with many becoming friends. This focus on “relationships versus deals” has been a key factor in Chris’s success in the mortgage business over the past 20+ years.
Chris also desires to help his valued real estate partners achieve their goals and business objectives. He was recently honored by the Women’s Council of Realtors as the local chapter’s Strategic Partner of the Year for 2018. Chris has a long-standing affiliation with this organization and was previously named the chapter’s Affiliate of the Year in 2013. He serves on committees, sponsors and speaks at events, and provides coaching in the local real estate and mortgage community to help these professionals grow and add value to their businesses. Chris and his wife Amanda have two sons who have kept Chris busy as a youth travel hockey coach. Chris also enjoys taking to the ice and has played hockey since he was 4 years old. Contact Chris today to start the home buying process.
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Types of LoansWhich type is right for you?
First Centennial Mortgage offers a full menu of loan products. Whether you are buying your first home, moving up to a nicer home, relocating or want to refinance your current home, we have a loan that will fit your needs. To get started, contact me online or call 847.609.9224 to get in touch.
Fixed-rate home loans are the most common type of home loan in the mortgage industry. This option is low-risk and gives you predictable monthly principle and interest (P&I) payments for the next 15 or 30 years, depending on which loan term you choose. Fixed-rate loans are reliable for long-term owners ready to settle in one place for a long period of time.
An adjustable rate mortgage (ARM) is ideal for borrowers who plan to move within five years. ARMs take advantage of a low "introductory" interest rate so the loan stays at the same rate typically for 5, 7 or 10 years. Once the introductory period expires, the interest rate changes with the movement of an "index" (major interest rate). Following this movement, the amount of monthly interest either increases or decreases.
Conventional home loans are not backed by a federal agency, such as the U.S. Department of Veteran Affairs, U.S. Department of Agriculture or Federal Housing Administration. Conventional loans are idea for people with a stable job, income and good credit. Conventional home loans are more flexible in their terms and have fewer restrictions compared to government-backed products.
Federal Housing Authority (FHA) loans are government assured and are ideal for people with limited income or money for a down payment. These loans typically help first-time homebuyers, seniors or others with limits on what they can afford.
Jumbo home loans are considered non-conforming mortgages. They are for purchases with a loan value above the federal standard of $510,400, although that number varies based on location. For a home with a purchase price above this limit, a jumbo loan is needed.
Veterans Affairs (VA) home loans are a great benefit to military personnel during and after their service. These loans are partly guaranteed (typically a quarter of loan value) by the U.S. Department of Veterans Affairs.