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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 85-96
  • Lowest mortgage rates in history are a golden opportunity -- for those who are employed and solvent

    It's difficult to believe that mortgage interest rates are now officially at the lowest point in history. Or, at least, the lowest point in history as defined by the Freddie Mac, which has been keeping track of 15-year fixed-rate mortgages since 1991....
  • Not all mortgages are assumable

    Q: I read your recent column titled "Giving up interest does not free you from mortgage obligation." The ex-wife was willing to give up her claim on the home to her former spouse and receive a fixed payment once he refinanced. She chose to quitclaim...
  • Cook County home prices continue recovery

    Cook County home prices continue recovery
    Single-family-home prices rose strongly in Chicago and suburban Cook County during the year's second quarter, according to a local home price index, validating the sentiment that a housing recovery has taken hold in the Chicago area. However, the pace...
  • 60,000 underwater borrowers in Chicago eligible for program

    60,000 underwater borrowers in Chicago eligible for program
    More than four years after the Federal Housing Finance Agency established a mortgage refinancing program, the effort has been losing steam. Now the agency is looking for underwater but current borrowers, including almost 60,000 homeowners in the Chicago...
  • Short sale with two different lenders a tough transaction to carry off

    By Ilyce Glink and Samuel J. Tamkin Q: I have a question regarding a short sale. If somebody has a mortgage with one bank and home equity line of credit with another, how would the negotiations work if you found yourself facing a short sale? The value of...
  • In hot market, buy now or later?

    By Ilyce Glink and Samuel J. Tamkin Q: I am a married, 65-year-old retiree. I spent 22 years in the military (with a pension), and then worked another 22 years for corporate America. I want to sell our house when my wife retires in 2015. My wife and I...
  • Are underwater homeowners fighting losing battle?

    Q: We are currently underwater on our primary home mortgage. Our mortgage has been modified twice, and all payments were added to the back of mortgage. Our loan balance was once $216,000 and now is $285,000. The home needs repairs, and we have no money...
  • What to consider when choosing to rent or buy

    What to consider when choosing to rent or buy
    Depending on the status of the real estate market the advice regarding renting versus owning can fluctuate, but for older adults ready to make a move, the state of the economy isn't the only consideration. For some they have been living in the same...
  • Bridgeview slides further into debt to support stadium

    Bridgeview slides further into debt to support stadium
    One of the Chicago area's most debt-saddled suburbs is borrowing even more money as it tries to put off the worst of its financial pain over the struggling Toyota Park stadium. The latest borrowing binge — $27 million — will put Bridgeview...
  • Taking the less-known route

     Taking the less-known route
    If you can't get in — or can't afford — a top business school, is an MBA from a lesser-known school worth it? The answer depends largely on the student. Those gunning for the top of the organizational chart, and without the networking...
  • Obama talks housing in Los Angeles with Zillow.com

    Obama talks housing in Los Angeles with Zillow.com
    President Obama paused on his trip through Los Angeles on Wednesday to conduct a novel interview on housing policy with the chief executive of the real estate website Zillow.com. The president reiterated his call for the passage this year of a broad...
  • Inside Penny Pritzker's portfolio: How a billionaire invests

     Inside Penny Pritzker's portfolio: How a billionaire invests
    How do the wealthy stay wealthy? The mandatory financial disclosure released last week by commerce secretary nominee Penny Pritzker provides a rare look at an American billionaire's entire investment portfolio. Pritzker inherited much of her wealth,...