An inside look at Chicago real estate

Financing

Mark.Miles

By Mark Miles

With mortgage rates lingering at their historic lows, there is infinite possibility (and opportunity!) for first-time home buyers and previous homeowners to take advantage of great deals in Chicago real estate. But there are still a few details to straighten out on your end.

Mark.Miles

By Mark Miles

According to the Federal Housing Finance Agency (FHFA), the number of refinancing projects fulfilled through the Obama administration’s mortgage finance program has more than doubled since last May. On top of this positive news, mortgage rates are continuing to plummet, leading experts to believe that the trend will continue.

Mark.Miles

By Mark Miles

Inheriting a Chicago home and in turn re-gifting it to a family member sounds like a straightforward endeavor, but beware—there’s serious red tape involved. Here’s a scenario: your sibling just graduated college, can’t find a job and is down on her luck, so you decide to let her to live…

Mark.Miles

By Mark Miles

Most home buyers realize that when getting a mortgage loan, the bank runs a credit check to determine your payment history, level of debt, etc. A positive credit report score often means that your loan will be approved. But there is still room for caution, as described below. In many…

Mark.Miles

By Mark Miles

Have you heard about Obama’s Loan Modification Plan? The program is meant to help Americans who are struggling to cover their mortgages by securing payment schedules that are more manageable with their current situations. Definition of Loan Modification: Simply put, a loan modification is a process in which the terms…