630-796-1776 stu@afmsi.com

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You Found The Mortgage Broker That Will Make Your Dream A Reality

Whether you’re purchasing your first home in Wheaton, IL or refinancing your current home in the surrounding Chicagoland, we are the best mortgage broker around to make your dreams a reality. Your mortgage pre-approval starts here! You’re not “just another file” at American Fidelity Mortgage. You’re an individual with unique goals and requirements. We understand this and will ensure your mortgage experience is as unique as you are.

Great rates? Of course! But we also want you to be informed. Attention to detail, options, and transparency are not buzz words here at American Fidelity. We’re ready to help Call, email, or begin online today for a no-obligation review. No credit check for an initial consultation is required.

First Time Home Buyer Benefits

There are many first time home buyer benefits that far outweigh renting. Here are just a few:

Building Equity

Equity is simply the difference between what you owe on the property and the value of the property. Each monthly payment increases your equity as you are reducing the amount you owe (principal reduction).

Building Wealth

Your equity increases as the value of the property increases. This is called appreciation. Appreciation can be through increased market value due to market forces in your area, through home improvements, or a combination of the two.

Stability

When you own your home and have a fixed-rate mortgage your housing expense will not fluctuate as it can when you rent. A landlord has the opportunity to increase your rent each year. A mortgage is a contract and your lender cannot change your principle and interest payment because market conditions have changed.

Tax Benefits

Your rent payment includes not only your landlord’s profit margin, mortgage principal, and interest but also the property tax. Your rent is not tax-deductible. When you own property both the mortgage interest and real estate tax paid each year can be deducted from your income tax.

Customization

You can make changes to your property to suit your individual taste and desires. You don’t have to ask permission from your landlord!

American Fidelity Mortgage Services

Providing the best mortgage services and customer care in Illinois, Wisconsin, & Florida.

First Time Home Buyers

Buying your first home can be a confusing and anxious process but it doesn’t have to be! I have over 25 years of experience helping first time home buyers successfully navigate the process and buy their first home. From the initial consultation, pre-approval, explaining the process and paperwork through closing and beyond I am there for and with you each step of the way!

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Mortgage for 1st time home buyer
Mortgage to purchase a home

Purchasing A New Home

While your new purchase might be your second or third property, a vacation home, or even an investment property it’s probably not something you do week in and week out as I do. There are constant changes when it comes to purchasing a new home. From existing programs, regulations, and documentation requirements, and each state will be different. It is my job to be on top of this in IL, WI, and FL, so I can provide you with a stress-free and seamless transaction.

Refinance: Consolidate Debt Or Cash-Out

There are many reasons you may want to refinance, consolidate debt, or cash out. Reducing your interest and payments are the most obvious but there are others. Accessing the equity in your property to consolidate high-interest debt, increase monthly cash flow, provide cash for home improvement or even finance a child’s education are just a few. Contact us to discuss your specifics and I will prepare a detailed proposal to meet your requirements.

Mortgage refinance cash out
Benefits of Our Mortgage Broker Services

Benefits Of Our Mortgage Broker Services In IL, WI, & FL

The interest rate you qualify for is important and American Fidelity Mortgage Services, Inc. is able to provide the lowest rates available, often below market rates. That’s not all though, there are many benefits of our mortgage broker services in Illinois, Wisconsin, and Florida. As a wholesale lender, we offer all of the Fannie Mae, Freddie Mac, FHA, and VA programs.

While rates are important there are other factors that should be considered when choosing a mortgage lender. Competence, transparency, longevity, and efficient processes should also be weighed.

AFMSI has been in business for over 40 years and I have been serving my clients for over 25 years. My personal business philosophy, and that of AFMSI, is to be upfront and transparent in every aspect of your transaction.

Additionally, all of our underwriters, processors, and closers are employees of AFMSI. We do not outsource or subcontract to other entities. Your file will be handled by in-house professionals throughout.

Our Fast, Easy, And Transparent Process

Our process will keep you from feeling stressed or overwhelmed. We ensure the process of closing your transaction couldn’t be easier! It starts with a personal consultation to determine what you want to accomplish. This lays the foundation. You will be presented with the best options and rates available to reach your goals.

The next step is to gather basic information and documentation. This can be done either online or manually over the phone.

Once completed, your file is sent to underwriting for initial review. They will issue a pre-approval and may request additional documentation or verifications. We will then gather what is required and submit it back to underwriting for final approval/clear-to-close.

The last step is to schedule your closing. As always, I will go over all the documentation and will always be available to answer questions.

Stu Magid quick & easy mortgage process
Why Stu Magid Is The Best Mortgage Broker For You

Why Stu Magid Is The Best Mortgage Broker For You

After completing military service, Stu earned a finance degree from Loyola University, Chicago, and began his mortgage career in 1995.

Throughout his decades of service and thousands of successfully closed transactions, Stu’s principles of transparency and always acting in his client’s best interests have never wavered. Stu Magid is the best mortgage broker for you because of the time, care, and effort provided for every client!

Let’s Discuss Your Next Mortgage!

Serving Illinois, Wisconsin, & Florida