AREAS OF EXPERTISE:
Types of Buyers: First-time homebuyers, move-up buyers, second home purchasers and investors
Products: Residential Fixed-Rate, ARM and Jumbo Loans
Geography: Entire State of Illinois primarily focused on Cook County
Check Rates Or, scroll down to view featured rates.
In her 16 years of banking, Svetta has served in numerous roles. Those include being a small business specialist, new employee trainer, a top mortgage originator in her role as a banker and more recently a loan officer.
Having been part of the Liberty Bank family for the last seven years, she has gotten to know the community and understands Liberty Bank customers’ needs well. “What I appreciate about Liberty is the dedication to reinvest in the communities that we serve. I enjoy being part of the process by helping clients purchase their dream homes,” says Svetta.
Originally from Bulgaria, Svetta came to the United States when she was 14. A self-described foodie, she loves exploring new restaurants with her 10-year-old son. Another passion is photography, something Svetta does quite a bit of when she travels to tropical destinations for vacations.
“I initially found Liberty on Bankrate.com. You had the best interest rate with no points and a branch near my home so I could do everything in person. Kind of old school but I like it that way. The lending team did a great job to make the process smooth. They were friendly and accessible, providing immediate responses to my questions and detailed explanations of the process and what was needed. Svetta came to the closing even though my loan was an easy-as-cake deal. She still showed up for support which was unexpected. As a realtor, customer service is very important to me and I’ve already referred her 3 clients.”
| Product | Rate | APR* |
|---|---|---|
| 30-Year Fixed | 6.625% | 6.715% |
| 15-Year Fixed | 6.000% | 6.145% |
The information provided assumes the purpose of the loan is to purchase a property, with a {down_payment}% down payment for a loan amount of ${loan_amount} and an estimated property value of $437,500. The property is located in Chicago, IL and is within Cook county. The property is an existing single-family home and will be used as a primary residence. An escrow account is required. The rate lock period is 60 days and the assumed credit score is {credit_score}.
At a {rate} interest rate, the APR for this loan type is {apr}. The payment schedule would be:
Terms subject to credit approval. The actual payment will be higher if mortgage insurance is required on your loan. The payment examples do not include amounts for taxes and insurance premiums. Your actual payment obligation will be greater considering taxes and insurance premiums.
*Annual Percentage Rate. Click product name for details.
| Product | Rate | APR* |
|---|---|---|
| 7/6 SOFR ARM | 6.375% | 6.863% |
| 5/6 SOFR ARM | 6.125% | 6.863% |
Read our latest news and tips from your Chicago mortgage brokers with mortgage and commercial financing expertise.
7/6 SOFR (*) ARM: At a 6.375% interest rate / 6.863% APR, with a 740 credit score and a 20% down payment on a property with an estimated value of $437,500 and a $350,000 loan, the payment schedule would be: 84 payments of $2,183.54 and 276 payments of $3,232.60 based on the fully indexed rate and margin of 7.250%. ARM rate fixed for 7 years, adjusts semi-annually thereafter and is subject to an initial interest rate cap of 5.00%, and a 6-month rate cap of 1.00%, and a lifetime cap of 5.00%.
5/6 SOFR (*) ARM: At a 6.125% interest rate / 6.863% APR, with a 740 credit score and a 20% down payment on a property with an estimated value of $437,500 and a $350,000 loan, the payment schedule would be: 60 payments of $2,126.64 and 300 payments of $3,211.01 based on the fully indexed rate and margin of 7.250%. ARM rate fixed for 5 years, adjusts semi-annually thereafter and is subject to an initial interest rate cap of 2.00%, and a 6-month cap of 1.00%, and a lifetime cap of 5.00%.
(*): Secured Overnight Finance Rate
