Learn About the Federal Housing Tax Credit and Laugh at Photos!

One of my compatriots read through the Federal Housing Tax Credit for first-time home buyers, and filled me in. Basically, you can receive a credit of $7,500 on the purchase of a home. You have 15 years to pay it back, interest free. Not everyone can qualify, so read through the official site to learn [...]

“What Should Borrowers Learn From This Market?” – Part 2

Ken Dickerson, RWF Mortgage, had this to say:
“If you have a 10% down payment and a credit score of 680 or better you’re in a great position to acquire your new home and buying in a buyers market.”
“The biggest mistake I see most people make is they look first and then get pre-approved. The pre-approval [...]

“What Should Borrowers Learn From This Market?” – Part 1

I started to ask this question of lenders that I know and/or work with, to try and give practical advice to borrowers in Chicago.
Let’s cut to the chase: the Chicago market is really tough right now. Based on what I have seen, a LOT of it has to do with borrowers/buyers sitting on the sidelines, [...]

By Hiring a Group, Sellers Get More Showings More Often

I’m really grateful I work in a group.
On Tuesday night, sometime around 10 pm, I was returning to my car in the Piper’s Alley Self-Park in Old Town to go home after a 14-hour day. I was ready to watch some TV, and go to bed.
My car had other plans. Like refusing to start.
I called [...]