Mortgage and Real Estate Blog
FHA’s 203k rehab program has many benefits. I’m an urban planner by training and see the great potential this program has to be a significant tool for rehabilitating much of Chicago’s historical housing stock. My historic preservation class at the University of Illinois gave me an appreciation for different housing architectural styles. I grew up watching “The Cosby Show” and remember vividly the beautiful, sturdy Brooklyn brownstone they called home. Chicago has an … [Read more...]
Think about this for a moment. If I told you that you could purchase a 3 bedroom, 2.5 bath single-family house for $145,100 in the Chicago area that appraises for $160,000, with only a $100 down payment on a loan, would you believe me? I recently closed such a deal for a client. For just $100 down, he ended up with a 7% equity stake in his new home; some would call it free money. There are many opportunities like this out there. My client purchased a foreclosed home directly … [Read more...]
If you have been shopping for homes, you have probably seen several foreclosures and short sales. Maybe you found a house in the perfect location at a great price, but the kitchen and bathrooms are still in 1970s decor. There are some great loan programs out there that can help you obtain that property plus give you funds to get those rooms up-to-date. Here are two: OPTION 1: FHA 203(k) The bread and butter of rehabilitation loans is still FHA’s 203(k) loan. FHA has two … [Read more...]
How is your lifestyle these days? Looking for a fresh new look for your website? With the Lifestyle Theme for your Word Press site designed with you in mind, you have your choice of colors and layouts … [Read More...]
Are you showing pictures of property for sale on your site that seem to just lay there? Does your site have the look and feel of just about every other real estate site on the market? Have you dreamed … [Read More...]
Apple iPad 2 Case Compatible Pink Cartoon Smart Cover Graffiti Magnetic with Stand – *CUTE* 
Apple iPad 2 Smart Cover/Case Compatible and Stand Rotating 360 Light Blue Leather Swivel 
Apple iPad 2 Smart Cover/Case Compatible and Stand Rotating 360 Light Black Leather Swivel 
The story was on this morning’s news: a Realtor in Maryland was sexually assaulted in the basement of a house she was showing. This scenario is replayed all too frequently across the country. There … [More]
I recently took a poll and asked people whether or not they thought mortgage rates will stay low, and here are the results: Yes No Not Sure Yes, I know you wanted "the" answer, the fact … [More]
"Foreclosures are cheaper."I can't tell you how many times I have heard clients tell me this, and although there are exceptions I have to say that overall this statement is false. In a market where … [More]
Can I say what everyone else is thinking? Why did it take so long to extend the deadline for the homebuyer tax credit? As a mortgage originator, I've seen the emotional pain that our current … [More]
If you have been shopping for homes, you have probably seen several foreclosures and short sales. Maybe you found a house in the perfect location at a great price, but the kitchen and bathrooms are … [More]
