Author Archives: Neena Vlamis

How to Overcome the 5 Biggest Obstacles in the Homebuying Process

While housing prices continue to rise across the nation, first-time homebuyers are facing daunting challenges throughout the homebuying process from a booming housing market that also has its downside. Here are 5 big obstacles you can overcome as a first-time … Continue reading

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5 Smart Questions You Should Ask a Mortgage Lender in Chicago Before Doing Business With Them

Long before you go through your list of smart questions for the mortgage lenders and brokers in Chicago with whom you are considering doing business, it’s important to do your homework. Check customer reviews on Yelp and other review sites. … Continue reading

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Summer Refinance Tips

  Paying your loan off in a shorter period of time is not only a surefire way to save money over the life of your loan, but it is also a way to obtain an attractive rate on your mortgage. … Continue reading

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Should You Both Be Co-Signers on Your Home Loan?

It’s very tempting for spouses or partners to co-sign for a home loan. Your combined income and credit scores can help you qualify for a bigger mortgage which can pay for a bigger house in a better neighborhood. Who doesn’t … Continue reading

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How Does a Home Inspection Contingency Affect the Homebuying Process?

Although there is no single, national law governing home inspections during the homebuying process, home inspection contingencies are an essential part of the purchase contract in most states. This practice gives prospective buyers the freedom to make an offer and … Continue reading

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Why the FHA Self-Sufficiency Test Is So Important For First-time Investors in 3- or 4-Unit Properties

An FHA loan is a mortgage insured by the Federal Housing Administration. Backed by the Federal Housing Administration, an FHA loan may require a down payment as little as 3.5% for a credit score of 580 or higher versus the … Continue reading

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Top 5 Arguments Couples Should Avoid During the Homebuying Process

Buying a house together is a huge step for couples to take. It represents one of the largest purchases they will make in their lifetime, and a financial commitment that could span 20 or 30 years. In December 2017, the … Continue reading

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5 Key Benefits a Mortgage Broker in Chicago Can Give You That a Bank Can’t

Buying a home in the Chicago metro area is undoubtedly the biggest financial decision you’ll make in your life. Making it a smart decision depends on several factors including the kind of mortgage you have. Whether you need a 10-, … Continue reading

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Renting Versus Buying: What Can You Afford?

Are you entertaining the idea of buying a house? You’re probably tired of renting, but unsure if you can really afford a house. Find out if it’s better to buy or rent, and what’s more suitable for you before you … Continue reading

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Why Buying a Home in Chicago Is Great for Young Couples

Young people and millennials like living and working in bigger cities like Chicago because there are lots of things to do and see. Once they decide to take their relationships to the next level and start cohabitating or decide to … Continue reading

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