fanniemae: Recent Changes to Fannie Mae Deliver Good News to Chicago - Chicagoland Condo Buyers
- 08/07/18 11:56 AM
Recent Changes to Fannie Mae DeliverGood News to Chicago - Chicagoland Condo Buyers No matter your lifestyle, Chicago - Chicagoland ... with its many diverse neighborhoods and extended surrounding suburbs ... has real estate property for sale that will fit and satisfy your personal tastes, budget, lifestyle, and needs ... Property prices may now also be seen as an advantage to buying in the Chicago - Chicagoland area. While a post-recession recovery has occurred in much of its extended and diverse housing market, the Chicago - Chicagoland area has not experienced the larger property price increases that other metropolitan areas have elsewhere across the U.S. For … (4 comments)
fanniemae: Did You Conduct a Year-End Review?
- 01/25/18 11:18 AM
Did You Conduct a Year-End Review? For many businesspersons, the end of one year and the beginning of the next signals the need for a year-end review. And while I always conduct such a review of my own business, I typically don't share my findings publically. But this year, I'm going to speak of my results, as I was somewhat surprised by what I found during this annual exercise. Very pleasantly surprised in one specific category. I definitely recognized that changes were taking place, as a many of the Chicagoland housing markets have healed to a good degree since the housing and economic downturn of the … (8 comments)
Both FHA and Fannie Mae (Conventional Loans) have recently announced upcoming changes that will kick-in on January 26, 2015 ... FHA has announced a 50 Basis Point reduction in Monthly Mortgage Insurance costs to Borrowers, resulting in most cases, a half-percent cut on MI charges. An example of cost reduction realized: A $200,000 Loan reaps an $83.33 per month savings. That reduced Mortgage Insurance payment savings gives a Borrower MORE buying power,perhaps as much as $17,000 in price and/or loan approval. It also means the Borrower realizes a reduction in their Debt-to-Income (DTI) Ratio … (16 comments)
fanniemae: Buying Homes Owned by Banks & Gov. Agencies: What Benefit Might Exist
- 03/19/14 03:44 AM
Buying Homes Owned by Banks and Government Agencies: What Benefits Might Exist Property Sellers are often showing up on real estate contracts these days as Entities or Companies, not as human beings. Government Agencies including Fannie Mae, Freddie Mac, HUD, VA, and banks are as well. The housing inventory has been low (at least in Chicagoland housing markets), as local Sellers have been reluctant or incapable of taking a hit financially from lower housing values and sales prices. Recent trends point to increasing housing values from 2013 and into 2014, and we've been seeing … (8 comments)
Recent Changes to Fannie Mae DeliverGood News to Chicago - Chicagoland Condo Buyers No matter your lifestyle, Chicago - Chicagoland ... with its many diverse neighborhoods and extended surrounding suburbs ... has real estate property for sale that will fit and satisfy your personal tastes, budget, lifestyle, and needs ... Property prices may now also be seen as an advantage to buying in the Chicago - Chicagoland area. While a post-recession recovery has occurred in much of its extended and diverse housing market, the Chicago - Chicagoland area has not experienced the larger property price increases that other metropolitan areas have elsewhere across the U.S. For … (4 comments)
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