Archive for home loans

Home Financing Tips for First-Time Buyers

The U.S. economy is starting to pick back up, and in a recovering market, optimism spreads quickly meaning people will buy more frequently and readily. Specifically, people will be looking into real estate, as most major markets are finally returning to health. With home buying comes home financing, and a result of the real estate [Read More]

February 02, 2015 | Author: admin | Comments: (0) | Categories: Chicago Real Estate News, City of Chicago, Homebuying Tips, Mortgages, New Homes

Navigating Rising Mortgage Rates

Fixed mortgage rates have definitely been rising, and recent forecasts generally indicate they are not going to drop again anytime soon. So is now the time to lock in a low fixed rate, if you haven’t already?

August 13, 2013 | Author: Chicago Tribune | Comments: Comments Off on Navigating Rising Mortgage Rates | Categories: Chicago Real Estate News, City of Chicago, Economy, Economy AOI, Education, Mortgages

Green Home Could Result in a Larger Loan

Those solar panels or radiant-heated stone floors could help snag a larger home loan under legislation now pending in the U.S. Senate. The SAVE Act would require Fannie Mae, Freddie Mac and the Federal Housing Administration about 90 percent of the mortgage market to add energy efficiency to their underwriting policies. Mortgage lenders and appraisers [Read More]

August 11, 2013 | Author: Chicago Tribune | Comments: Comments Off on Green Home Could Result in a Larger Loan | Categories: Chicago Real Estate News, Economy AOI, Energy Efficient, Green Building AOI, Green Living, Mortgages

The Truth Behind the Mortgage Interest Deduction

As the Senate and the House Ways and Means Committee continue to examine the current tax code in an effort to reform the nation’s tax laws, it’s the perfect time to review mortgage interest deduction (MID) and how it affects current or potential homeowners in Chicagoland. The home mortgage interest deduction allows taxpayers who own [Read More]

July 30, 2013 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, City of Chicago, Economy, Economy AOI, Education

NAHB Urging Congress to Ensure Access to Affordable Home Loans

The National Association of Home Builders is urging lawmakers to proceed with caution on Federal Housing Administration (FHA) reform to avoid any disruptions to the nation’s housing finance system. With tight mortgage lending standards in Chicago and across the nation preventing well-qualified home buyers from obtaining home loans and impeding the housing and economic recovery, [Read More]

May 05, 2013 | Author: admin | Comments: (0) | Categories: Chicago Real Estate News, Economy, Economy AOI, Featured, Mortgages

Bill Removing Barriers to Construction Lending Introduced to Congress

In many housing markets across the nation, demand is increasing and supply of new homes remains near record lows, yet many builders cannot obtain construction loans because credit remains very tight after the housing downturn. This hurts job creation, local economy activity and property tax revenues (necessary to funding schools, police and fire departments), so [Read More]

April 12, 2013 | Author: admin | Comments: (0) | Categories: Economy, Economy AOI

Equifax Report: Americans Paying Off Debt & Opening New Lines of Credit

Americans are taking out more loans than they have in past years, according to a recent article on the Equifax Finance blog, “ More Americans Paying Off Debt and Opening New Lines of Credit.” The article cites a recent Equifax Credit Trends report that showed loan originations (not including mortgages) increased to $750 billion in [Read More]

March 28, 2013 | Author: admin | Comments: (0) | Categories: Economy
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