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

6,711,202

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:

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...

Are Interest-Only Loans Legit?

Posted On: 04/27/2016
QUESTION: Before the mortgage meltdown it was possible to get interest-only financing. I thought such mortgages had gone away, but our lender says they’re still available. Why are they still allowed and why would I want one? ANSWER: An interest-only mortgage is a form of financing...

Loan Lags: How Real are They?

Posted On: 04/20/2016
QUESTION: We want to buy a home and lock-in today’s rates. Our lender warned us that because of new government regulations it may not be possible to close within the lock-in term, so we may want a floating rate. Just how bad are the closing delays? ANSWER: Mortgage lenders and...

Too Old to Refi?

Posted On: 04/13/2016
QUESTION: We’re looking for our first home. My father offered to provide us with 20 percent down, enough so that we will not have to pay mortgage insurance. We know this is an incredibly generous offer and we are very lucky, but we are worried. He wants to get the money by refinancing...

How Much is Too Much?

Posted On: 04/06/2016
QUESTION: We were driving around looking at houses and came across a $400,000 property that was very interesting. It had been on the market for six months and the price had been reduced from $500,000. We thought maybe the owners might be motivated to sell. We did a little more research and...

Points Versus Fees

Posted On: 03/30/2016
Question: We want to buy a house and have been looking at loan choices from different lenders. They all seem to require an origination fee. One lender says it will waive the 1 percent loan origination fee if we will accept a .25 percent rate increase. Should we go for the higher...

What’s the Deal with ‘Nonbanks’?

Posted On: 03/23/2016
Question: In the course of looking for a mortgage we met a loan officer who said he worked for a “nonbank.” What happens if we get a mortgage from a nonbank and the company goes out of business? Answer: For you as a borrower, nothing. In general terms, a bank is an institution...
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: