Long-Distance House Hunting Tips

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House hunting is stressful enough even if you are moving to another part of town. However, when you are searching for a house from afar, it can make the task of finding the right home for your needs seem almost impossible.  As a Realtor in the South Side of Chicago I always want to help clients moving in understand the …

What A Chicago Home Buyer Should Know About Mortgage Insurance

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Are you a current Chicago home buyer in the market looking for a new home? If you are considering a mortgage, you may be curious about mortgage insurance, commonly referred to as PMI or MI. Let’s explore the topic of mortgage insurance, including how it works to reduce risk and how it benefits you as the mortgage borrower. Mortgage Insurance …

Should Future Chicago Homeowners Pay Discount Points When Getting a Mortgage?

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One of the challenges future Chicago homeowners will face when deciding how much money to put down on their new home is whether to put down a larger down payment or to take a bit of money from their down payment and use it to buy “discount points” to lower their interest rate. RELATED ARTICLES: What Are The Benefits And Drawbacks …

What Important Items Can Upset My Chicago Mortgage Pre-Approval Status?

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When you are purchasing a home, your lender may recommend you obtain a Chicago mortgage pre-approval before you find the home of your dreams. There are some benefits to being pre-approved before you find a home, but oftentimes, people confuse pre-qualifications with pre-approvals. So the question many buyers have is what exactly is a mortgage pre-approval? In a nutshell, it’s …