Archives for the 'Chicago Stuff' Category
WILL THE MORTGAGE PROGRAMS BE THERE?
Here in Chicago we hit 60 degrees this weekend. I noticed everyone out and about, walking dogs, walking kids, wearing shorts, etc. So I guess spring is here.
Then I noticed the trees. Still all bare. Not any sign of buds yet. It was as if the buds were still afraid to pop out for fear that we’d get [...]
GETTING A MORTGAGE? HOW ABOUT A PAUSE?
The other week I was talking with a real estate agent who is very smart. Smart and intelligent.
We were discussing the hot topic of the day, month, and year: the state of the mortgage industry. We eventually got around to the various ways to fix the problems. We all know that the government would get involved, [...]
BUYING A HOME IN CHICAGO JUST GOT MORE EXPENSIVE
Supposedly we are on the verge of a recession, homes are taking longer to sell, and everyone is…well…nervous.
So what does the Chicago City Counsil do? Increase the tax stamp, to the buyer, for buying a home!
What used to be $7.50 per $1,000 just increased to $10.50 per $1,000.
So a home that costs $300,000 currently carries a tax [...]
I Have Made A Change
Change is difficult. Kind of a two step process. First, there’s the deciding to make a change. Then, where are you going.
In any event, I am very excited to announce that I have moved to a mortgage bank here in Chicago. I am now at Professional Mortgage Partners.
A fabulous mortgage bank that offers both clients [...]
An Article About Budgeting For A Mortgage
Leslie Mann was nice enough to interview me a few weeks ago about issues that new homebuyers encounter. Her article appeared this past Friday in the Chicago Tribune. In case you missed it (or do not live in Chicago), here is the article online.
Thank you Leslie. Hope it helps.
The Cure For The Foreclosure Epidemic: Part 1–What Is It?
Epidemic: widely prevalent
So this is what we are dealing with. Something that is happening everywhere.
If you have read the introduction to my series on the foreclosure epidemic that was described in the Chicago Tribune, you know that Becky Yerak described the spread of foreclosures as an epidemic.
So, yes, the basic definition is widespread and [...]
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