naperville il real estate: Plainfield IL, Naperville Illinois Real Estate - VA Jumbo Loan - 05/27/08 11:03 PM
For years, the Veterans Administration has allowed "Jumbo" VA loans; it's just that hardly anyone knew about them. The current VA loan limit with zero down, is $417,000, matching the conforming loan limits set by Fannie Mae and Freddie Mac. But the VA does make allowances for VA loans above that … (0 comments)
naperville il real estate: Plainfield IL, Naperville Illinois Real Estate - Fannie Mae nixes extra 5% down - 05/21/08 05:22 AM
Update
Fannie Mae nixes extra five percent down in "declining markets." On May 16, the country's largest secondary mortgage market company, Fannie Mae, announced that it will no longer require borrowers to put up an extra five percent down payment when purchasing homes in areas deemed "declining markets." According to an … (0 comments)
naperville il real estate: Plainfield IL, Naperville Illinois Real Estate - The Fed: Betting on a rate hike - 05/15/08 09:44 PM
There is a growing sense that the worst of the credit crunch may be behind us. And despite a tamer-than-expected reading for April, inflation is still very much a concern for many Americans.
So with that in mind, could the Federal Reserve be forced to raise interest rates before the end … (0 comments)
naperville il real estate: Plainfield IL, Naperville Illinois Real Estate - Energy efficiency guide - 05/14/08 08:55 AM
About the author:
Cheryl Bowers is a Chicagoland Area Residential Real Estate Expert, who can assist you with the purchase and/or sale of real estate in Plainfield, Naperville, Aurora Illinois or any place in the country. Cheryl has created a team of professionals throughout the Chicago suburbs to ensure … (1 comments)
naperville il real estate: Plainfield IL, Naperville Illinois Real Estate - Illinois 1st Quarter Housing Update - 05/13/08 08:38 PM
Illinois 1st Quarter Housing Update
Illinois median home prices held their own in the first quarter while sales were constrained by the ongoing credit crunch and a softening economy. According to Illinois Association of Realtors (IAR) first quarter report, home sales totaled 21,576, down 27.0 percent from 29,553 home sales in the … (0 comments)
naperville il real estate: Plainfield IL, Naperville Illinois Real Estate - Is the end near? April foreclosures and pre-foreclosures drop - 05/13/08 11:38 AM
The nation's foreclosure hemorrhage slowed a bit last month, according to Foreclosures.com. Lenders repossessed 74,570 homes following foreclosure in April, down more than 5 percent from March. April pre-foreclosures dropped 7.52 percent from March too, according to California-based Foreclosures.com foreclosure information specialists."The sky isn't falling, and the bottom of the housing … (0 comments)
naperville il real estate: Plainfield IL, Naperville Illinois Real Estate - Get your home ready to sell - 05/09/08 10:15 AM
Get Your Home Ready To Sell
In preparing your house to sell, ask yourself over and over if your house looks like someone else's dream house. Houses in move-in condition tend to be inviting to buyers; houses that are like new typically sell the fastest and procure the best price.With … (0 comments)
naperville il real estate: Plainfield IL, Naperville Illinois Real Estate - How much house can you afford? - 05/09/08 10:09 AM
Deciding how much house you can afford
Before you start house hunting, you need to determine how much house you can afford, which will entail getting either prequalified or preapproved for a home loan. A real estate agent can help you find a mortgage broker to begin the process. While getting … (1 comments)
naperville il real estate: Plainfield IL, Naperville Illinois Real Estate - Negotiation Tip - 05/06/08 08:17 PM
Negotiation is back in style, and is likely to remain a necessary part of buying or selling a home in today's residential housing market. Needless to say, you need to work with the best real estate professionals you can find in your area. In most cases, it takes a team effort … (0 comments)
naperville il real estate: Plainfield IL, Naperville Illinois Real Estate - Financing Solutions - 05/06/08 08:56 AM
Overcoming the misconceptions about the "credit crisis" You've watched the news and read about it in the papers. You know, the "credit crisis" and how buyers need 20 percent down in order to buy a home? And even if you found a buyer with 20 percent down, lenders aren't making loans anyway. So, … (1 comments)
naperville il real estate: Plainfield IL, Naperville Illinois Real Estate - Mold Must Go (6 Things to Know) - 05/02/08 08:27 AM
Mold is a potential health danger for any family and also a legal liability for sellers. Because of the fear over mold contamination there are so many lawsuits flying around today that sales of resale homes are in jeopardy -- and insurance companies are scrambling to avoid liability, with some U.S. insurers … (0 comments)
naperville il real estate: Plainfield IL, Naperville Illinois Real Estate - Why selling now makes sense - 04/29/08 10:01 AM
Why selling now makes sense Homeowners reluctant to sell because prices have fallen should do the math and realize that the market downturn could work in their favor."People are finding houses at prices they thought they'd never see again," I would like to point out that to potential sellers that if the … (0 comments)
naperville il real estate: Plainfield IL, Naperville Illinois Real Estate - Reasons to buy a home - 04/28/08 07:24 AM
Pride of Ownership Pride of ownership is the number one reason why people yearn to own their home. It means you can paint the walls any color you desire, turn up the volume on your CD player, attach permanent fixtures and decorate your home according to your own taste. Home ownership gives … (0 comments)
naperville il real estate: Plainfield IL, Naperville Illinois Real Estate - Home Staging Suggestions - 04/26/08 08:44 AM
Most Popular Home-Staging Suggestions In a slow market, it's particularly important to get a house ready to sell quickly. Here are some of my most frequently made suggestions:Fix any visible problems that might be a red flag for potential buyers, including repainting walls. Cover damaged kitchen or bathroom floors with inexpensive peel-and-stick vinyl … (0 comments)
naperville il real estate: Plainfield IL, Naperville Illinois Real Estate - The Five Factors of Credit Scoring - 04/16/08 11:09 AM
The Five Factors of Credit Scoring
There are five factors that comprise the credit score. They are listed below in order of importance, just as an underwriter would look at the score:
Payment History - 35% Impact. Paying debt on time and in full has a positive impact. Late payments, judgements, … (0 comments)
naperville il real estate: Plainfield IL, Naperville Illinois Real Estate - Short sale advantages - 04/07/08 01:16 PM
Short Sale Advantages:1. Short sales appear on your credit report as "pre-foreclosure in redemption", not as "debt discharged due to foreclosure"2. Less impact on your credit score3. All mortgage debt is fully discharged About the author: Cheryl Bowers is a Chicagoland Area Residential Real Estate Expert, who can assist you with the … (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
For years, the Veterans Administration has allowed "Jumbo" VA loans; it's just that hardly anyone knew about them. The current VA loan limit with zero down, is $417,000, matching the conforming loan limits set by Fannie Mae and Freddie Mac. But the VA does make allowances for VA loans above that … (0 comments)
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