|
| |
Freddie Mac Announces Loan Fee Increases on Condos - 01/31/09 03:29 PM
Late Friday night Freddie Mac announced increase in loan fees on condos comparable to Fannie Mae's as a result of the increased default rate on mortgages.
Wall Street Journal Article on Freddie Mac Fee Increase
… (0 comments)
|
Fannie Mae Fees Increase on all Condo Buyers April 1, 2009 - 01/31/09 08:33 AM
If your down payment is less than 25% when buying a condo, Fannie Mae will be increasing the closing cost fees by at least .75% effective April 1, 2009. They will also be increasing the percentage of fees based on credit score and on loans that carry high risks such as HELOC. The increase in fees will effect every condo buyer, regardless of the quality of the borrower.
If you are taking a $400,000 mortgage, it will cost you at least an additional $3,000 in closing cost fees if you are putting down less than 25% of the purchase price.
Fannie Mae's reasoning behind … (0 comments)
|
Today's Open Houses: January 25th - 01/25/09 07:35 AM
Click on the photos for more information on each property.
2836 N Paulina
5 bedrooms. 4.1 bathrooms listed at $1,699,999
Open House 1:15-3:15
Edgewater Coop: 5555 N Sheridan Road, Unit 316
2 Bedroom, 3 Bath listed at $369,900
Open House 11am-1pm
Lakeview Condo: 508 W Melrose, Unit 5C
3 Bedroom, 2 Baths listed at $610,000
Open house 1pm-3pm
West Loop Townhome: 111 S Racine
3 Bedrooms, 3.1 Baths listed at $689,900
Open house 12pm-2pm
… (2 comments)
|
Sunday, January 25 from 12-2: Visit 5 Great Properties in the West Loop - 01/24/09 11:19 AM
Great opportunity to see 5 different homes in Chicago's West Loop Neighborhood on Sunday, January 25 from 12-2.
111 S. Racine, listed by Andrea Geller Sudler Sotheby's International Realty 107 S. Racine listed by Stephanie Maloney Belgravia Realty Group 222 S. Racine, #48 Listed by Erin Ward Coldwell Banker 1029 W. Rundell, #29 listed by Laurie Shapiro Prudential Premier Realty 330 N. Jefferson, #1204 listed by Lisa B. Anderson Coldwell Banker
… (0 comments)
|
Today's Open Houses: Now is the time to start looking - 01/18/09 08:56 AM
Open Houses Chicago: January 18th, 2009
Start looking for your new home in the new year! You can get so much more for your money today than you could a year ago!
Three great opportunities are open Today
Click on the photos for more information on each property.
Edgewater Coop: 5555 N Sheridan Road, Unit 316
2 Bedroom, 3 Bath listed at $369,900
Open House 12pm-2pm
Lakeview Condo: 508 W Melrose, Unit 5C
3 Bedroom, 2 Baths listed at $610,000
Open house 1pm-3pm
West Loop Townhome: 111 S Racine
3 Bedrooms, 3.1 Baths … (0 comments)
|
More Home for your Money in 2009 - 01/15/09 07:31 AM
Between lower interest rates and current market values you can mortgage at almost 20% more home today than a year ago for the same monthly payment and get probably get additional 10% or more in home based on current market values.
In 2008 rates for a 30 year fixed were at 6.5% In 2009 rates for a 30 year fixed are 4.75%. In 2008 a $344,000 loan at 6.5% costs $2174.31Monthly In 2009 a $417,000 loan at 4.75% costs $2175.27Monthly. Using the rates above and assuming a loan amount of $300,000 with monthly taxes and insurance of $400;
In 2008 a buyer must earn $91,848.16 to qualify … (0 comments)
|
Great Townhome in the West Loop - 01/14/09 01:33 PM
Values in Chicago Real Estate: Townhome at 111 S Racine (edit/delete)
This wide townhome, built in 2007 by Belgravia, is in excellent condition and priced $26,000 less than the last unit that closed in the complex in September 2008 and $36,000 less than the same exact floorplan two doors down.
Pricing combined with historically low interest rates makes this property an example of how home buyers can really take advantage of values now and be in a new home in 2009
To view information on this home, click here.
… (1 comments)
|
You cannot take advantage of the good rates if you do not have a contract - 01/09/09 12:25 PM
As there are many qualified buyers out there waiting for the best rate, they are missing the great opportunities in today's real estate market by searching online and not getting out there, finding their new home and get an offer negotiated.
"With interest rates and home prices down, buyers must be prepared to act. The buyers must work with their real estate agent to identify a property and execute a sales contract. It's only then that a buyer can lock into these historic low rates. The market is very volatile right now and a rate that is available now can be gone in 5 … (0 comments)
|
Open Houses Chicago: January 4th, 2009 - 01/03/09 04:27 PM
Start looking for your new home in the new year!
Three great opportunities are open Sunday, January 4th:
Click on the photos for more information.
Edgewater Coop: 5555 N Sheridan Road, Unit 316
2 Bedroom, 3 Bath listed at $369,900
Open House 12pm-2pm
Lakeview Condo: 508 W Melrose, Unit 5C
3 Bedroom, 2 Baths listed at $610,000
Open house 11am-1pm
West Loop Townhome: 111 S Racine
3 Bedrooms, 3.1 Baths listed at $689,900
Open house 1pm-3pm
… (0 comments)
|
|
|
|
Andrea Geller
Chicago,
IL
More about me…
Hot Property® - Coldwell Banker Residential Brokerage
Address: 3740 N Southport, Satellite Office, Chicago, IL, 60657
Office Phone: (773) 809-3090
Email Me
My views and insight on the Chicago Real Estate Market and the Industry as a whole.
 Listings
Links
Archives
|
|
Connect. Share. Learn.Welcome to ActiveRain, the #1 social community for real estate professionals.
;)
;)
;)
