Powered by Record Information Services
Home > Chicago Homes > Latest Sales Search > Archives
Total Records Available

6,627,989

Foreclosure Articles
Join our Real Estate Newsletter - includes great tips and articles on the latest real-estate trends, plus lists upcoming real-estate training opportunities, clubs, or networking events.
First Name: Last Name:
Email:

If Rates Rise …

Posted On: 07/13/2016
QUESTION: It’s expected that the Fed will raise interest levels this summer. How will that impact mortgage rates? ANSWER: The fact is that mortgage rates have plummeted since the Fed raised bank rates in December, going from 3.97 percent just before the Fed announcement to 3.58...

The November 8 Effect

Posted On: 07/06/2016
Question: We are now in the midst of the national election cycle. Will a new Administration dump the Dodd-Frank regulations? Answer: No matter who wins the presidency it’s very unlikely that the Dodd-Frank Wall Street Reform and Consumer Protection Act will be repealed. An end to...

Student Debt Rule Change

Posted On: 06/29/2016
Question: Some friends were turned down for an FHA mortgage because their student loan payments were too high. We worry that we might be in the same position, but if we spend more money to reduce our student debt we’ll have less for a down payment. What can we...

Total Interest Percentage… Whaaat?

Posted On: 06/22/2016
Question: We received a Loan Estimate from a lender while we were shopping for a mortgage. At the back was a calculation for something called the Total Interest Percentage. Which is better for comparing loans, a TIP or the APR? Answer: Both the TIP and the annual percentage rate (APR)...

Where’s Our Deduction?

Posted On: 06/08/2016
Question: When we completed our income taxes this year we noticed something strange. We were unable to deduct mortgage interest or property taxes. Why have these deductions disappeared? Answer: Not to worry, deductions for mortgage interest and property tax write-offs remain in place. Not...

Does Fast Payback Win?

Posted On: 06/01/2016
Question: We’ve moved to a small community almost an hour from the nearest mid-sized city. Homes here with 2,000 to 2,500 square feet in great shape routinely sell for $150,000 or less. Our new jobs pay well, we are very disciplined savers and we have no debt. If we buy we likely can...

What's With Seniors and Mortgages?

Posted On: 05/25/2016
QUESTION: I know a lot of older people with mortgages. Aren’t seniors better off with no mortgage debt? ANSWER: Retirement is generally seen as a time of life when folks have less income. For retirees, a mortgage-free home is clearly an advantage. However, with a changing economy...

No Mortgage, No Write-Off?

Posted On: 05/18/2016
QUESTION: I have been told that if I pay off my mortgage I can no longer write off my property taxes. This seems like a downer. What’s up with that? ANSWER: If you’re a homeowner then you likely write off mortgage interest, mortgage insurance premiums and the cost of...

Will Mortgage Rates Rise Soon?

Posted On: 05/11/2016
QUESTION: So far this year, mortgage rates have been well below 4 percent. Given the Fed’s efforts to raise interest levels when can we expect higher mortgage costs? ANSWER: The Fed raised interest rates in December and it’s widely expected that the Fed will raise rates two...

Big Bucks, Better FICO Score?

Posted On: 05/04/2016
QUESTION: We were talking to a lender about possible mortgage choices. He mentioned several programs that were reserved for people with high credit scores. Why is it that the rich have access to such programs but not the middle class? ANSWER: It’s easy to equate a high credit score with...
Join our Real Estate Newsletter - includes great tips and articles on the latest real-estate trends, plus lists upcoming real-estate training opportunities, clubs, or networking events.
First Name: Last Name:
Email: