New 0% Home Repair Loans Available

The West Suburban Preservation Agency (WSNPA) has been awarded $1,300,000 to do Single Family
Rehabilitation. This is a 0% interest deferred loan of up to $50,000 with no monthly payments as long as the
homeowner lives in and retains title to the home. The WSNPA office will determine the amount of
assistance for which the applicant is eligible. These loans are part of the Cook County Community
Development Block Grant Program and HOME Investment Partnerships Program, which are funded by the
U.S. Department of Housing and Urban Development. To qualify for this program you must:

• Reside in the Cook County portion of one of the following municipalities: Bellwood, Berkley,
Bridgeview, Broadview, Brookfield, Hillside, Chicago Ridge, Forest Park, Franklin Park, Hometown, La
Grange, La Grange Park, Lyons, Maywood, Melrose Park, Northlake, Schiller Park, Stone Park, and
Summit.
• Own and live in the home you wish to repair.
• Do not have the money to pay for the needed repairs.
• Have a total family income (before deductions) that is not higher than the amounts listed in the following
table:


Number of Persons in Maximum Gross
Household Income

1 42,200

2 48,250

3 54,250

4 60,300

5 65,100

6 9,950

7 74,750

8+ 79,600


The following are examples of eligible activities: Roofing, Doors and Windows, Electrical, Plumbing, Heating,
Weatherization, and handicap accessible conversions. Every loan application will be considered and homes will be
inspected by an inspector of West Suburban Neighborhood Preservation Agency. If you qualify you will be
assisted with the entire rehabilitation process by WSNPA staff. If you feel you may qualify, please call or
write to:

West Suburban Neighborhood Preservation Agency

900 N. 25th Avenue, Suite 201

Melrose Park, Illinois 60160

Phone: 708-410-2300

FAX: 708-410-2646

Cook County 2nd Installment Tax Bill

News From Cook County Treasuer Website Concerning 2nd Installment 07' Taxes

2nd Installment Due Date - We anticipate a due date of November 3, 2008,

for 2nd Installment property tax bills for Tax Year 2007. We have not yet

received final figures to print the bills. When we do, we will make a public

announcement that will be posted on this Web site.

http://www.cookcountytreasurer.com/

Chair-ity Auction in LaGrange!!!

LESS THAN ONE WEEK AWAY from the Chair-ity Auction. Final reminder will be next week. It’s going to be a great event. If you’re uncertain about which chair you want, you can preview them the day of the auction as they’ll be lined up down LaGrange Road in front of Horton’s and Roly Poly….BE THERE! You can still go to the website at www.lgba.com if you’re antsy to see them!!!

Interest Rate Update

Prepared Exclusively For Katrina Ladyga.
DATE:
08/26/08
Jeffrey Slater (708)906-4186
OFFICE:
(708) 430-0300
BancGroup MORTGAGE CORP.
DIRECT:
(708) 906-4186
DAILY RATE SHEET AND MARKET COMMENTARY
CONV. FIXED
30 YR
6.375%
20 YR
6.375%
15 YR
6.000%
10 YR
5.875%
CONV. ARMS
3/1
6.000%
5/1
6.125%
7/1
6.375%
5/25
N/A
7/23
N/A
JUMBO ARMS
5/1
5.750%
7/1
6.250%
GOV. FIXED
CONFORMING LOAN LIMITS
30 YR
6.500%
$417,000
-
1 UNIT
$533,850
-
2 UNIT
GOV. ARM
$645,300
-
3 UNIT
1 YR
6.250%
$801,950
-
4 UNIT
3/1
6.500%
97% LTV
FHA LOAN LIMITS - NEW
3/1
N/A
$410,000
-
1 UNIT
5/1
N/A
$524,850
-
2 UNIT
30 YR
6.750%
$634,450
-
3 UNIT
$788,450
-
4 UNIT
MARKET COMMENTARY:
Rates are near unchanged today as bond prices are slightly lower erasing some of the gains from the past couple of days. Oil prices continue to moderate as economies across the globe appear to stumble. Consumer confidence and new home sales both rose. However, the market has had little reaction to this news. CONSUMERS WITH CREDIT SCORES BELOW 720 WILL BE PENALIZED ON MOST LOANS.
EVENT CALENDAR:
08/27/08: Durable Goods Orders
08/28/08: Preliminary Q2 GDP
CLOSING COST ESTIMATE: $325 (application fee) $250 (underwriting fee)
$250 (funding fee) $75 (tax service) & $1,000 (est. title expense) TOTAL: $1,900 (est.)
An Illinois Residential Mortgage Licensee.
Intended for realtor/wholesale lender use only - rates subject to change without notice - all rates for 45 day lock/720 Min. credit score & 80% LTV/90% CLTV for Conv. Loans.
10400 S. ROBERTS RD., PALOS HILLS, IL 60465

Now Open! Visit Hacienda Cocula

Countryside's newest Mexican restaurant is now open! Get ready to treat your taste buds to a fiesta.Hacienda Cocula, a family-owned restaurant serving authentic Mexican cuisine since 1976, just opened its sixth location in Countryside.Hacienda Cocula is located at 5452 S. LaGrange Road in Countryside. Hours are 8 to 12 a.m. Sunday through Thursday and 8 to 2 a.m. Fridays and Saturdays. Hungry for a bite? Hacienda Cocula offers a variety of Mexican fare from tacos and burritos to tostadas and tortas. Or stop in for a drink! Hacienda Cocula is now producing its own tequila from Mexico.Stop in and visit Countryside's newest restaurant and tell them gocountryside.net sent you!Other dining locations include three Chicago locations, Cicero and Calumet City.

NEWS
FOR IMMEDIATE RELEASE
August 26, 2008
For Information, Contact:
Chief Timothy Swanson
708/352-2171
police@countrysidepolice.org
Countryside Police Department Launches Intensive Crackdown on
Impaired Driving
COUNTRYSIDE, Ill. - The Countryside Police Department announced today it will be conducting
special patrols this Labor Day holiday cracking down on impaired drivers.
“All too often, innocent law-abiding people suffer tragic consequences and the loss of loved ones due
to this careless disregard for human life. Because we are committed to ending the carnage, we are
intensifying enforcement during the crackdown. We will be especially vigilant during high-risk
nighttime hours when impaired drivers are most likely to be on our roads,” said Chief Swanson. “If
you plan on drinking alcohol, designate a sober driver before the party begins. Be responsible or risk a
DUI.”
“Our message is simple and unwavering. If we find you driving impaired, we will arrest you. No
exceptions,” said Chief Swanson. “Even if you beat the odds and walk away from an impaired driving
crash alive, motorists should be aware that the consequences of driving while impaired can still
virtually destroy your life.”
According to National Highway Traffic Safety Administration estimates, in Illinois in 2006, 594
people died in crashes involving alcohol (at least one driver involved had a BAC of 0.01 or higher),
representing 47 percent of all motor vehicle crash fatalities.
According to IDOT data, during the Labor Day weekend last year in Illinois, 20 people lost their lives
in motor vehicle crashes. Seven of those deaths involved a drinking driver.
Chief Swanson said that always designating a sober driver and not letting friends drive impaired are
just two of several simple steps to help avoid a tragic crash or an arrest for impaired driving.