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.

Chicago Foreclosure Lawyer Explains – 7 Steps to Illinois Mortgage Foreclosure Law

2023 Foreclosure Filings Timeline by Chicago Foreclosure Attorney

Foreclosure can be a daunting and stressful process for any homeowner, and understanding the timeline and key milestones can help you navigate this challenging situation more effectively. In Chicago, the foreclosure process is primarily judicial, meaning it involves the court system and follows a specific timeline with various stages. In this article, we will discuss the critical steps and deadlines in the Chicago mortgage foreclosure timeline to help homeowners gain a better understanding of the process and the options available to them.

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.

Vermillion County Remote Closings

Selling a house, finding a great team, and closing remotely can be challenging, but it’s possible to do it successfully with the right preparation and guidance. When it comes to closing on the home, it’s essential to have a knowledgeable and experienced lawyer by your side to ensure the process goes smoothly and to protect […]

Illinois Real Estate Disclosure Law – 2022 Form and FSBO Disclosures

2022 Illinois Residential Real Property Disclosure Illinois Disclosure law for for sale by owner disclosures

If you’re looking to sell residential real property in Illinois, it’s important to understand the Illinois real estate disclosure laws. Whether you’re selling a single-family home, a condo, or a four-unit multifamily property, you must file a disclosure form as defined by law. Even if you’re selling the property as-is. In fact, the Illinois Association […]

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 […]

Remote Closings in Illinois – Can Real Estate be Contactless?

stay home design for covid19 contactless closings with floorplan

Last week, my entire LinkedIn was buzzing about how to do a “contactless closing.” For many real estate closing attorneys, remote closings represent our best chance of staying normal in our markets. But, Illinois has non-conforming electronic transactions laws. How do we do it? Is there help for doing remote closing in Illinois? What can we do during the COVID era?

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.