YOU ARE PRE-APPROVED TO BECOME A HOMEOWNER! Now What?

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This is our fourth entry in our ‘Now What?’ blog series designed to help those people that want to become a Chicago homeowner, but have no idea what to do. You Are Pre-Approved To Become A Chicago Homeowner!  Now What? Once you have executed your plan and everything is up to snuff, your mortgage lender will issue a pre-approval letter.  …

Current Servicemember or Veteran? 4 Reasons Why a VA Home Loan Is an Excellent Choice

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Are you current or former member of the US military service who is looking to buy a new Chicago home? If so, you will be pleased to know that there are some special mortgage programs that are open to you. Let’s take a look at five reasons why a mortgage backed by the Department of Veterans Affairs is an excellent …

Renovating in 2018? Cash-out Mortgage Refinancing Might Be the Best Way to Fund It

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If you are a Chicago homeowner thinking about a significant home renovation in 2018, you have probably already considered your budget. As with any large project, you need to have the ability to pay the expected costs plus have a little bit extra set aside, just in case. The great news is that if you are a homeowner with a …

3 Tips To Consider When Buying A Chicago Home With An FHA Mortgage

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FHA loans are becoming increasingly popular these days as potential homeowners may not able to qualify as easily for conventional mortgages. The FHA insures some higher-risk loans, in turn allowing borrowers with low down payments and less than perfect credit to purchase a Chicago home and bolster the housing market. However, while getting through the loan process with an FHA …

When Is the Right Time to Buy Your First Chicago Home? Use This Easy 4 Point Checklist

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Are you growing tired of renting? Or perhaps you’ve recently graduated from college and are looking to set down some roots? Whatever the case, buying your first Chicago home is an exciting prospect. Let’s take a look at a quick and easy four-point checklist that you can use to determine if you are ready to buy your first home. #1: …

The 4-Step Financial Checkup to Get Ready for a Mortgage This Year

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Are you ready to join the ranks of owning a Chicago Home in our local community? Congratulations – homeownership is a big step towards building your net worth and financial freedom. However, it is also a significant transaction that will affect your finances for the foreseeable future. Let’s take a look at a quick four-step checklist that will help you to …

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 …

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 …

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 …

Looking to Purchase one of Many Homes for Sale in Chicago in 2018 and Don’t Know Where to Start? Here’s a Few Tips

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Are you looking to purchase one of many homes for sale in Chicago this year and have no idea where to start?  Are you tired of paying someone else’s mortgage and not building any equity? Or a homeowner who has a growing family and is in need of more space? Whatever the case, if you are looking to purchase your …