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PT's articles
Buying a foreclosed home can be a big opportunity for many Chicago area home buyers. The prices on these homes is lower than other comparable homes, so buying a foreclosure is like buying a home at a discount.
Posted: 2010-08-26
Category: Mortgages
Before you enter into a real estate contract, make sure you take the time upfront to check everything and make the effort to get good advice. Once the sale is completed it is too late to fix any mistakes. Checking carefully at the beginning of a transaction can save a lot of pain down the road.
Posted: 2010-03-26
Category: Mortgages
To begin with, FHA doesn’t guarantee your loans or gives you loans. It only insures the lender that if your loan goes into default. When someone lends you money as loan and you deicide to put in less than 20% of the total loan value, FHA insures it and covers the risk the lender is facing by lending you money.
Posted: 2010-02-12
Category: Loans
The first thing you need to do is to talk with a mortgage loan officer and see how much of a home you can afford. If you’ve never been through this before, it sounds intimidating. Don’t worry, it isn’t. Most of the process can be done over the phone in a short conversation where I go over your financial situation and short and long term goals. I take note of your income, debts and employment history, your savings and what you are trying to gain through buying a home.
Posted: 2009-11-28
Category: Mortgages
