HARP is nearing its end: If you’re underwater, its time to refinance now

August 22, 2014 by Leave a comment

Debating whether to refinance? If you owe more on your mortgage loan than what your home is worth, you might be running out of time. That’s because the federal government’s Home Affordable Refinance Program — better known as HARP-  is scheduled to expire at the end of 2015. And if you don’t refinance before that government program... View Article

Filed under:
Read More

Increasing Home Value Part 1: 3 Projects to Instantly Add Value to Your Home

August 21, 2014 by Leave a comment

Homeowners constantly seek out new ways to build value to their homes. But adding value can come at a high price. Renovations and upgrades are expensive, and not all home projects promise a return on investment in the form of increased equity. Property owners on a tight budget need to pick and choose which improvements to make... View Article

Filed under:
Read More

What is a balloon mortgage? What are the risks and advantages to taking one out?

August 21, 2014 by Leave a comment

A balloon mortgage feels a bit like a traditional 30-year fixed-rate mortgage loan. Only in a balloon mortgage, you’d have to make a big payment at the end of a set period of time. It usually works like this: Your monthly mortgage payment is the amount you’d pay if you were paying off your balloon mortgage over... View Article

Filed under: Uncategorized
Read More

3 Tips to Avoid Mortgage Fraud

August 20, 2014 by Leave a comment

As lenders have tightened restrictions for securing mortgage loans, homebuyers have been forced to expand their options to include non-traditional funding sources. Realizing this, several scams have emerged that target desperate borrowers. Failure to avoid these scams could result in a home being foreclosed, fines being levied, or criminal charges. Before you head out in search of your... View Article

Filed under: Uncategorized
Read More

Rockford, Illinois Mortgage Rates and Real Estate Overview

August 19, 2014 by Leave a comment

Home of the airbrush and the electric garage-door opener? That’s Rockford, Ill., the most-populous city in Illinois outside the Chicago metropolitan area. Traditionally a manufacturing town, Rockford experienced many factory closures throughout the 1980s and was forced to deal with subsequent job losses. Parts of the city, especially the west side, began to experience severe urban blight with... View Article

Filed under:
Read More

Four Reasons Why You Shouldn’t Clean Out Your Savings When Buying a Home

August 18, 2014 by 1 Comment

At a certain point in life, you’ll start to see many of your peers become homeowners. They’ve graduated from living with their parents or living in a small apartment and now have spaces of their own to call home. While you might be tempted to join them right away, there are several reasons why doing so without a... View Article

Read More