Mortgage Pre-Qualification vs. Pre-Approval- brief explainer

Mortgage Pre-Qualification vs. Pre-Approval- brief explainer What is a Pre-qualification: an estimate of your purchasing budget. Brief process assessing your budget after a soft-credit pull. What is a Pre-approval: a more detailed review of your finances; including a hard credit pull, and documentation of your income and assets. This process can take up to a … Continue reading Mortgage Pre-Qualification vs. Pre-Approval- brief explainer

News from HUD: Reduction in annual mortgage insurance premium

The Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), announced a 30-basis point reduction to the annual mortgage insurance premiums (annual MIP) charged to homebuyers who obtain an FHA-insured mortgage. The premium will be reduced from 0.85% to 0.55% for most homebuyers seeking an FHA-insured mortgage, which could mean an … Continue reading News from HUD: Reduction in annual mortgage insurance premium

New Client Review!

"Beth is very professional and efficient. I am grateful that my daughter recommended this real estate attorney, and I will highly recommend her to all my friends and family. Thank you very much for all your help and a smooth closing." Check out more reviews on our website, and on Google!

Why hire an attorney for a real estate closing?

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?

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