WHY HIRE AN ATTORNEY FOR A REAL ESTATE CLOSING? Sellers and Buyers often wonder why it is necessary to use an attorney at a real estate closing. Besides the fact that it may be the most important investment you make in a lifetime, it is questionable whether initially, one realizes the enormous consequences of not being protected … Continue reading Why hire an attorney for a real estate closing?
Cook County Tax Prorations- the basics
A quick overview of Cook County Tax Prorations:Cook County tax bills are a year behind. For example, in 2022, the 2021 bills were paid in two installments. This year, 2022 bills will be paid in 2023. The 1st installment bills, normally due in March, are an estimate and are prorated at 55% of the previous … Continue reading Cook County Tax Prorations- the basics
New Client Review!
"Wonderful staff. Excellent service. Have used several times and would highly recommend!!!" - J. Grybas
Forecast
The median price forecast indicates positive annual growth for July, August, and Septemberin both Illinois and the Chicago PMSA. In Illinois, the median price is forecast to change by8.6% in July, 9.8% in August, and 10.3% in September. For the Chicago PMSA, thecomparable figures are 9.5% in July, 11.8% in August, and 12.7% in September. … Continue reading Forecast
Interest rates and federal student loans
Federal student loan rates are fixed, so most borrowers won't be affected by a rate hike. But if you are borrowing money for college, the interest rate on federal student loans already rose to 4.99% up from 3.73% last year and 2.75% in 2020-2021.
Interest rates and commodities
Interest rate risings affect all types of commodities.Even though auto loans are fixed, car prices are rising along with interest rates on new loans.Paying an APR of 5% instead of 4% would cost consumers $1324 more in interest over the course ofa $40k /72 mo loan.
Info for Home Buyers: interest rates
On a $500,000 loan a 30 yr fixed mortgage at December's rate of 3.11% would have meant a monthly payment of about $1283.00. Today at 5.54% the monthly payment is $1711. That's an extra $428.00 per month / $5136 more per year / $154080 more over the life of the loan. Buyers are slowly being … Continue reading Info for Home Buyers: interest rates
New Client Review!
"Beth and her team were fast and worked for us to make sure all went smoothly. I would highly recommend her to anyone." - William C. Read more reviews on our website!
New Client Review!
"My closing was assigned to a local attorney, who put the sale of my home and the purchase of another home in jeopardy! Beth Mann and her staff successfully took over the case and I was able to purchase my new home." - S.C.
New Five Star Review!
"I'm very satisfied after working with Beth. Everyone at the office is very nice and responsive. I've never waited more than a few minutes for a response to any email, which is unheard of. I would work with Beth on a real estate deal again in a heartbeat, and probably will in the future." - … Continue reading New Five Star Review!
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