escrow accounts: Refinancing ... is it right for me? How to find out ...
- 02/07/20 10:09 AM
Refinancing ... is it right for me? How to find out ... There are many factors that influence the rise and fall of mortgage interest rates ... Case in point, right now the fear of a global coronavirus outbreak has the markets in a tither and that anxiety has resulted in lower and fluctuating interest rates. How long will the virus continue to influence the markets? Right now, that is unclear. As typical, the lower interest rates have many asking questions and inquiring about refinancing ... Homeowners ask: Can I Refinance? Is it smart to Refinance? What can I accomplish by Refinancing? Years … (9 comments)
escrow accounts: 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)
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)
When buying and financing a home, prospective Borrowers are required to produce a variety of documentation and information to their Lender at the time of application and prior to the Closing of their loan. In almost all cases, Homeowners Insurance is included within that documentation requirement. What service does Homeowners Insurance provide? Why is that service so important? Homeowners Insurance policies offer multiple types of protection and coverage to an insured borrower/home owner. Those include:
Coverage on the STRUCTURE of the home For PERSONAL BELONGINGS LIABILITY protection LIVING EXPENSES, should the homeowner be displaced … (24 comments)
escrow accounts: 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)
Refinancing ... is it right for me? How to find out ... There are many factors that influence the rise and fall of mortgage interest rates ...
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