Buying a smaller multi-family dwelling can be a great investment for a wide-range of today’s home buyers, both in the short-term and long-term. For many investors, purchasing a 2-4 flat multi family dwelling in Chicago is a savvy way to lower your mortgage payment or possibly even live for free if you’re able to find the right deal and/or put down enough money upfront. According to a recent study by...Continue Reading
Chicago real estate can be pricey, but luckily first-time buyers do have some options. Certain neighborhoods are good choices when it comes to trading rent for owning your own slice of the housing market. Before you put down any money on your first home, you’ll want to consider some of Chicago’s top neighborhoods for first-time buyers. South Shore While the average sale price has risen considerably in Chicago’s South Shore...Continue Reading
They’ve been a popular option for Chicago homebuyers for more than 100 years, and it seems Chicago bungalows are just as popular today with certain buyers as they once were generations ago. Chicago bungalows first started popping up across the city a little more than a century ago. Extremely popular in the early 20th century, bungalows provided the opportunity for some to gain entrance into the homebuying market. That’s a...Continue Reading
If you’re in need of a home mortgage, you may be trying to decide which particular mortgage is best for you. One of the most popular types of home loans is a conventional mortgage. These types of loans are typically available through private lenders like Credit unions Banks Mortgage companies Essentially, a conventional mortgage means the loan isn’t secured or offered by a government entity. It is possible, however, to...Continue Reading
Bridge loans: Understanding the requirements A bridge loan works a bit differently than other home loans. It’s typically a short-term loan to help you “bridge the gap” of buying and selling a home at the same time. A bridge loan often has a 6 to 12 month term A higher interest rate Before you consider taking out a bridge loan, it’s important to understand the requirements so you’re not caught...Continue Reading
