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Chicago Mortgages

A collection of news and information related to Chicago Mortgages published by this site and its partners.

Top Chicago Mortgages Articles

Displaying items 49-60
  • Despite signs of a seller's market, it's still a great time to buy real estate

    Home buyers and real estate investors have been in a good mood for years, since around 2007, when the housing crisis began. And why not? Historic low interest rates and home values that have dropped off anywhere from 30 to 60 percent are a potent...
  • Mortgage restriction on renting out property not likely to be enforced

    By Ilyce Glink and Samuel J. Tamkin Q: I have a question about renting a second home that has a mortgage that states "you cannot rent this property." Here's the story. About two years ago I bought a beautiful cabin in Blue Ridge, Ga., that was a...
  • A 1031 exchange gone wrong

    Q: During the process of completing a 1031 exchange, my mortgage broker told us the day before our 180 day limit for closing on our purchase that our lender didn't approve the development. We worked with this broker for six months, got approved and...
  • Whither real estate market as interest rates rise?

    By Ilyce Glink and Samuel J. Tamkin Wouldn't you know it? There are still buyers wondering if now is the time to buy a home. Now, when inventory is extremely low, mortgage interest rates are starting to rise and home prices have seen huge price jumps...
  • Heir of income property wants to minimize tax liability

    By Ilyce Glink and Samuel J. Tamkin Q: I recently inherited a rental property. The property is rented and cash flow is positive, despite the fact that there is a mortgage on the property. Currently, I do not need the income that the property is...
  • Bernanke leaves legacy of stimulus and stagnation

    WASHINGTON — As Ben S. Bernanke walks away from the Federal Reserve's marble headquarters on the Mall after presiding over his last policy meeting Wednesday, he will leave behind a bittersweet legacy. On one hand, his unprecedented efforts to...
  • Sticking with variable-rate mortgage might not be so bad

    By Ilyce Glink and Samuel J. Tamkin Q: I owe more on my mortgage than what my house is worth. And, unfortunately, my loan isn't owned by Freddie Mac or Fannie Mae, and it is an adjustable rate. What are my options to refinance my loan into a fixed...
  • Lender not necessarily at fault when borrower misses low interest rate

    By Ilyce Glink and Samuel J. Tamkin Q: We started working with a loan officer at a bank because he was recommended by our real estate agent and also participates in a program with my employer to help get employees lower interest rates and low closing...
  • Investors continue to buy up single family houses: Will this end well?

    By Ilyce Glink and Samuel J. Tamkin Mortgage interest rates ticked down again this week. But home buyers have already been spooked. They're worried that they can't afford to buy a home. And, in some cases, like when they're competing against hedge...
  • Is a condo right for a retired buyer?

    By Ilyce Glink and Samuel J. Tamkin Q: I just read your column in today's paper responding to a question about whether to buy a home at age 66 or continue renting. I was surprised you didn't make two observations. First, your correspondent wants to...
  • 80 years old and underwater

    By Ilyce Glink and Samuel J. Tamkin Q: We live in Clayton County, Georgia, where the housing market is still not good. Our home was worth $200,000 in 1999 now it is worth $51,000. We still owe $101,000 on a first mortgage and $19,000 on a second...
  • Address error in mortgage docs not likely to cause problems

    By Ilyce Glink and Samuel J. Tamkin Q: My mortgage documents list my property address incorrectly. It's a small typo. The lender misspelled the name of my street. Will this cause me problems when it comes time to sell my property? I can't imagine that...