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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 45-55
  • 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...
  • Getting a mortgage after paying cash for a home

    By Ilyce Glink and Samuel J. Tamkin Q: I just read your very informative article on the competitive market and cash offers. I'm a part-time real estate agent and real estate investor, and a part of your article really intrigued me! I'm looking to buy...
  • What documents to look for when mortgage is paid off

    Q: My husband and I are close to paying off our home mortgage and would like to know what documents we will receive from the mortgage company once we do. Our loan was recently transferred to a new servicing company that we are not familiar with. This new...
  • The virtues of paying down mortgage early

    By Ilyce Glink and Samuel J. Tamkin Q: I enjoy your articles, but I think you left out a couple of extremely important items when you wrote about questions to ask when taking out a mortgage loan. In some states, prepayment penalties are not allowed on...
  • When unmarried friends buy property, a partnership agreement is a must

    By Ilyce Glink and Samuel J. Tamkin Q: I hope you can help me out with the following problem: My husband owns 50 percent of a house. The other 50 percent belongs to another couple -- let's call them the "Smiths" -- who each own 25 percent. My husband...
  • Co-owner helped brother buy house, now wants to avoid tax liability upon sale

    Q: I own a house with my brother that we bought for $243,000. We now plan to sell it for about $323,000. My brother lived in it until last year and then rented it out. My tax bracket is very high and his is low. Since he was living in it, I have...