Search Results for : homeowners

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More Refinancing Options for Underwater Homeowners

The Obama administration announced plans to expand the Home Affordable Refinance Program to make it easier for homeowners who are struggling but still making mortgage payments to refinance their homes. Changes to the program include refinancing despite how much a home’s value has fallen, reducing some fees, and eliminating the […]

Chicago Real Estate Newsletter

Chicago Real Estate Monthly Newsletter

Follow me each month to learn about the current trends in Chicago real estate and news for home buyers and home sellers. News and statistics are shared from several sources as well, @properties, the leading Chicago real estate brokerage, MLSNI and the Chicago Association of REALTORS. Take a moment to […]

Rentals, REITs and Growth

Builders, landlords and investors are carefully watching the apartment sector, determining the health, and potential decline of demand and return of investment in the city. With the pace of apartment building and current supply increasing recently there are concerns that there could potentially be an oversupply. After the bust, the […]

Tax Time Tips

Homeownership carries many tax benefits, so be sure you’re taking advantage of these strategies at tax time: Mortgage Interest Deduction Interest you pay on a mortgage of up to $1 million — or $500,000 if you’re married filing separately — is deductible on Schedule A when you use the loan […]

July Newsletter

Market gaining momentum after weather, low inventory slowed spring sales. Despite a slow start, 2014 is proving to be an eventful year for housing. Here at @properties, we’ve been keeping a close watch on local market conditions, and all signs point to a very busy second half of the year. Let’s take a closer look at some first half highlights and what to expect this summer and fal

Distressed Out

Let’s say you were a conservative, responsible homebuyer back in 2006, and made what, by all accounts, would be considered a conservative, responsible down payment of 20%. Since then, the average home price across Chicagoland has fallen by more than 30%, according to conservative estimates. Conservatively, that means a lot […]

FHA Premiums Lowered for Refis

FHA is lowering its mortgage insurance premiums to help borrowers refinance into lower interest rates.  Additional help to military who have been wrongly foreclosed on or denied the opportunity to refinance as well, as announced by President Obama earlier this week FHA is reducing its up-front premium to .01 percent, […]

Chasing Charters

With homeowners staying longer in their home, and expected buyers planning for longevity, many are coming back to basics – location.  Among them, accessibility to transportation, neighborhood walkability and area schools are among the most important.  For families, schools are extremely vital factor as they can influence choice of residence/neighborhood […]