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1021-41 Bonaventure Drive Elk Grove Village, IL 60007 Mobile (773) 447-5440 Tel (847) 603-2208 [email protected]
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- monday: 8:00AM – 5:00PM
- tuesday: 8:00AM – 5:00PM
- wednesday: 8:00AM – 5:00PM
- thursday: 8:00AM – 5:00PM
- friday: 8:00AM – 5:00PM
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- Purchase
- Refinance
David Ischkum
I’ll be with you every step of the way
Hi, I’m David Ischkum, and I bring 21 years of experience in loan originating to my role at America’s #1 Retail Mortgage Lender, with the past seven years spent working alongside Rich Kimball. I take pride in maintaining my knowledge of the mortgage industry, earning my Certified Residential Mortgage Specialist (CRMS) credential and specializing in FHA and Fannie Mae renovation loans.
My mission is to earn my clients’ trust by listening carefully and providing them with the mortgage programs that best suit their individual goals. As part of The Kimball Team in Elk Grove Village, IL, my main priority is to close your loan on time while maintaining open communication with all parties involved—right through to move-in day. My goal is to help people achieve their dream of homeownership and be their mortgage advisor for life!
Outside of work, I enjoy spending time with my wife of 37 years, Christine, and our two lovely daughters and four granddaughters.
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How much will my mortgage payment be?
This calculator is being provided for educational purposes only. The results are estimates based on information you provided and may not reflect CrossCountry Mortgage, LLC product terms. The information cannot be used by CrossCountry Mortgage, LLC to determine a customer’s eligibility for a specific product or service.
Inspiration for your home loan journey
Frequently asked questions
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Refinancing costs typically range from 2% to 6% of the loan amount and include fees such as appraisal, title insurance, and closing costs. Factors like your loan type, location, and credit score can significantly impact these expenses. Our team can help to provide strategies that can help minimize costs.
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To determine how much home you can afford, you’ll want to assess your financial situation. This includes your income, expenses, and debt-to-income ratio, to ensure your mortgage fits comfortably within your budget. A general guideline is to spend no more than 28% of your gross monthly income on housing costs and 36% on total debt.
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A good credit score typically starts at 620 for conventional loans, while FHA and VA loans may accept scores as low as 500, though higher scores offer better terms. A strong credit score can help you secure lower interest rates, saving you significant money over the life of a home loan.
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A Home Equity Line of Credit (HELOC) is a revolving line of credit that allows homeowners to borrow against the equity in their home. HELOCs function like a credit card, giving access to funds up to a set limit, which can be used for expenses like renovations or debt consolidation. You only pay interest on the amount you borrow, and the repayment terms typically include a draw period followed by a repayment period.
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To calculate your mortgage payments, start with your loan amount, interest rate, and loan term. Your payment will depend on the interest charged over time and the repayment schedule. You can use a monthly mortgage payment calculator or connect with us to learn more.