There are a lot of moving parts to know about and consider when purchasing a home and applying for a mortgage. There's the mortgage application itself, the requests for information and documentation, the processing and underwriting, seeking the loan approval, and finally closing.
No doubt, it's a lot for buyers to digest at once. So it should come as no surprise that borrowers have a boatload of questions to ask along the way.
One of the questions I hear most commonly surrounds the topic of mortgage closing costs ... most specifically those pertaining to Homeowners Insurance. Many of my … (20 comments)
escrow payments: January Should Make You Think "Taxes" ... both Income & Real Estate ... in Will County & Elsewhere
- 01/24/20 10:01 AM
January Should Make You Think "Taxes" ... both Income & Real Estate ... in Will County & Elsewhere For those that are property owners in Will County, January 15th, 2020 was a day of great importance ... That day marked the release and publication of the Will County Board of Review decisions regarding property assessment changes for the County. It also marked the beginning of the 30-day window for filing an appeal for those property owners that might be dissatisfied with their property's value assessment. (Note: Appeal Deadline is February 14, 2020) This information is timely and important to anyone that is a property owner within Will County. Why? With the … (6 comments)
When prospective borrowers first contact me, their main focus is often on the following 3 things ... What their prospective total monthly housing expense will be What money they'll need to buy/finance a home The chances of their being approved for a mortgage They have a laserlike focus on these 3 facets of the process. As a result, I typically find it's best to immediately address their concerns.
Subsequently, a discussion regarding those elements that contribute to their future total housing expense/monthly payment ensues. Mentally this "frees" them and allows them to move on to the other important aspects … (21 comments)
The topic of "borrowing power" and questions surrounding "how much home I can buy" are raised almost immediately by prospective mortgage clients during our first conversation together ... It's understandable and natural. They're excited and anxious. That's especially true when the client is a first-time home buyer.
Most are laser-focused. Their ultimate goal is to find out:
"What's the maximum amount of money I can borrow?" Or when purchasing, the question is often simply, "What price of home can I view?" Again, that's understandable.
But while that information is certainly a portion of what must be discovered and … (19 comments)
Tax Bills (or info) are now online for viewing and payment for the following counties:
Will County DuPage County Kane County Kankakee County Kendall County Grundy County Lake County The following include: The individual website link for a Chicago-area County Treasurer's Office and due dates for their 1st and 2nd Installments of 2015 taxes (payable in 2016):
Will County Treasurer - Tax Payment Website 1st Installment Due Date: June 1, … (2 comments)
escrow payments: The Importance of Homeowners Insurance in the Mortgage Process
- 01/27/14 10:49 AM
The Importance of Homeowners Insurance in the Mortgage Process Once they've signed a Contract for the purchase of their new Will County or Chicagoland home, I urge all my Borrowers to actively begin their search for Homeowners Insurance. Getting comparison quotes is a great idea when shopping for Homeowners Insurance. Making a decision to secure a policy, no later than a week to 10 days prior to Mortgage Closing, is especially important. Waiting too long can cause issues and hold-ups with Underwriting and Closings. Once a decision regarding Homeowners Insurance has been made, … (22 comments)
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