Archives for the 'Good Faith Estimate' Category
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 […]
The Cure For The Foreclosure Epidemic: Part 3–The Room
The real emotions of buying a home begin with The Room.
The room, as I call it, is the place where you, the borrower of a loan, and the loan officer, the person who is assisting you in getting the loan, meet. By place I should almost say space, but really, it is how you meet the […]
All Locked Up
Please don’t wait!
Secure your loan and interest rate. Now.
Rhonda Porter does such a fabulous job in explaing how this all happens and how to work with your loan officer correctly, that I think you should go directly to her post. An excellent, thorough post.
And notice what she writes at the end, “What ever you do, please […]
A Band-Aide For Foreclosures
Now that federal lawmakers are weighing in about the subprime woes and the increase in foreclosures and how to offer financial aide to those homeowners who are on the brink of losing their homes, I guess it’s ok to say that this situation is serious. I am being sarcastic.
The band-aide that is being proposed is […]
Do You Speak This Language?
For anyone who has traveled abroad, we all have had the experience of walking into a restaurant, opening a menu, and having no idea what to order. In fact, depending on the language, it’s sometimes even hard to find one word that resembles any familiar dish. Sometimes we find words that are recognizable, and sometimes we […]
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