What You Need to Know About Mortgage Insurance

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Homeowners insurance and title insurance may not be the only kinds of insurance you need when you buy a Chicago home. Many buyers also have to purchase mortgage insurance, which lenders require for mortgages with a down payment of less than 20 percent. Take the time to understand what you’re buying and how long it will affect you. Mortgage Insurance …

Questions and Answers Regarding Escrow Accounts

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Whether you are purchasing a new Chicago home or you are considering applying to refinance your home, chances are the lender will require an escrow account. These accounts are often a source of confusion for homeowners. In reality, these accounts benefit the homeowner and help protect the lender. What is an escrow account? Escrow accounts are sometimes called “impound” accounts. …

Home Pricing 101: Understanding How to Set Your Chicago Home Selling Price and Why It’s a Big Decision

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Are you thinking about placing your Chicago home up for sale in the near future? If you dwell too much on the process itself, selling your home may seem a bit daunting. You have to deal with photos, listings, open houses, bids, counteroffers and much more. One of the decisions you will be faced with is setting the selling price …

4 Chicago Home Improvement Shortcuts That Can Lead to Disaster — and How to Avoid Them

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Are you itching to renovate your Chicago Home? With spring on the way, you might be tempted to launch those home improvement projects that you contemplated over the winter. However, as with any project, you will want to get things right. Let’s take a look at four renovation shortcuts that can lead to disaster and the steps you can take …

Down Payments 101: Is It Worth It to Put More Than 20 Percent Down on a Chicago Home?

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Are you thinking of buying a new Chicago home this spring or summer? If so, you’re not alone. Many thousands of individuals and families alike will become homeowners this year. Whether you’re a first-time buyer or a seasoned veteran of the housing market, you probably know there are significant choices to make. One of the big decisions you will have …

In a Hurry to Buy a Chicago Home? Speed Your Mortgage Approval up by Following This Checklist

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Have you finally found your Chicago dream home after months of searching, only to discover that the seller has received other offers? Few circumstances can raise your stress level as much as finding yourself in a bidding war against another buyer. However, being unprepared by not having your finances in order can make the situation even worse. Let’s take a …

3 Reasons Why Buying a Chicago Investment Property Is the Best Way to Build Your Net Worth

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Whether you have recently graduated from college or are getting close to retirement, it’s likely that you have given some thought as to how you can grow your net worth. You might have invested in stocks, picked up a few bonds or have a 401(k) plan set up to help fund your retirement. But have you considered buying Chicago real …

Spring Is Coming to Chicago: Get a Jump on Spring Cleaning and Breathe New Life into Your Tired Spaces

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Chicago spring is almost here – and with it, the need to clean out the clutter and freshen up your home. Let’s explore a few tips that will help you to get a jump on your spring cleaning so that you can get outside and enjoy the nice weather later. Need It? No? It’s Got To Go! Do you consider yourself …

How Much Is the Right Amount to Commit to Your Down Payment? Let’s Take a Look

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Are you thinking about buying a new Chicago house for sale? If you are going to take out mortgage financing, one consideration you will have is your down payment, which is the amount you pay up front in cash to cover some of the purchase cost. Let’s consider a few points that will help you to decide how much is …