Over the past few years, the basic guidelines for lending money on investment properties have changed greatly. At one time, during the late 1990s and into the early 2000s, multiple mortgage lenders offered various loans designed specifically for buying a rental property. However, with the real estate crash, all of that has changed. Listed below […]
Back in 2009, as the mortgage crisis was slowly ending, many homeowners found themselves in a terrible position; their home was worth much less than their current mortgage balance. To persuade people to stay in their homes and avoid a wave of foreclosures across the country, Fannie Mae and Freddie Mac introduced the HARP plan. […]
Along the shore of Lake Michigan, and north of Chicago, lies the town of Northbrook. The town receives its name from the Chicago River’s Northern branch that cuts through the town. Northbrook is a part of the wealthier suburbs of Chicago that are collectively called North Shore. Population and Number of Homes The most recent […]
Lake Winnebago, where Fox River joins on the west side, is home to the city of Oshkosh, Wisconsin. The city is within the limits of Winnebago County and boasts of 95,000 residents as of the most current census. Population and Number of Homes Based on the information reported by the federal census from the year […]
Here are some major questions any potential home buyer should ask their mortgage lender before signing up for a loan.
USDA Rural Development Mortgage When you are choosing which loan program is right for you, you might not consider the USDA. As this program is designed for homes in rural areas, you might not think it is suitable for your situation. However, the majority of Michigan should be covered and this type of loan offers […]
Understanding the consequences of FSBO failure sheds light on the potential risks of navigating the real estate market without professional assistance.
