Will Two Extra Mortgage Payments a Year Cut my Mortgage in Half?

pay mortgage in half

Discover the financial benefits of making extra payments on your mortgage. Learn how additional payments can significantly reduce the overall interest and shorten the loan term. This comprehensive guide explores the advantages of making extra payments, how they impact your mortgage balance, and the potential savings. Empower yourself with knowledge and tips to maximize your mortgage payoff strategy, leading to long-term financial success and increased home equity.

LLC Mortgages: A Guide for Real Estate Investors

llc mortgage for rental properties

Discover how to secure a mortgage for your rental property LLC with our comprehensive guide. Learn about the requirements, application process, and common terms for investment property mortgages, and get expert tips for improving your chances of approval.

How to Set up an LLC for Rental Property

LLC for rental properties under a house with keys

If you’re looking to start a business in Illinois, forming a Limited Liability Company (LLC) is a popular choice. An LLC is a type of business entity that provides the benefits of both a corporation and a partnership. In this guide, we’ll walk you through the steps of forming an LLC in Illinois.

Vital Chicago Rental Lease Clauses, Addendums, and Disclosures for 2023

chicago lease apartment clean white walls for move in ready article on lease clauses

Introduction to Attorney-Drafted Chicago Leases When it comes to leasing a property in Chicago, your lease agreement must include specific clauses, addendums, and disclosures. These terms are crucial in protecting the interests of both landlords and tenants. Further, they help avoid any misunderstandings that may arise during the lease term. Often, they are crucial for […]

SB1872: Illinois Law on Wholesaling Houses

wholesale home real estate

On the first of January, 2020, the State of Illinois passed SB1872, and effectively outlawed real estate wholesaling in Illinois. Undoubtedly, many investors are scrambling to find a business model that fits the new law. So, today we will answer three questions: First, what is Real Estate Wholesaling? Second, why did Illinois make wholesaling houses […]

Quantitative Tightening and Inverted Market Economics of Housing

quantitative tightening and modern monetary theory

Reuters just published an article announcing a leak from the Federal Reserve about the beginning of Quantitative Tightening – https://www.reuters.com/business/calling-time-qe-central-banks-prep-synchronized-asset-cull-2022-04-19/. What, you might ask is that? For the last decade, the Banks have been adding money to their balance sheets at the end of every day. This is called Quantitative Easing. They do this through […]

Dual Agency? Rights, Realtors, and Lawyers.

two young men reviewing a laptop for dual agency article

While dual agency agreements allow buyers and sellers to save money and better project costs, both parties will never truly get the maximum benefit they would in an adversarial transaction.