Home Buying in Chicago : Advice

change location

cancel or

Activity

2,852
Kirsten Priz…, Real Estate Pro in 34104
Kirsten Prizzi answered:
I have the money and the job to purchase a home, but my credit is shot at a 580, what do I do?
contact a mortage broker and check if he /she can qualify you for a loan. If not go over your credit history and ask your mortgage broker how you can best and fast can improve your cred ... more
0 votes Share Flag Yesterday at 6:09am Home Buying in 60636
Shellymaei, Home Buyer in Fort Worth, TX
Shellymaei answered:
I have an FHA loan on my home. I am planning to move and rent my home, I called my mortgage company and they told me I could not rent my property
Typically lenders will want to see 2 years of schedule E's filed on the rental property but there are lenders that will take one year of Schedule E PLUS proof that the lease runs thru o ... more
0 votes Share Flag Yesterday at 2:22am Home Buying in 60622
Mike Opyd, Real Estate Pro in Near North Side, Chi...
Mike Opyd answered:
after a bid has been accepted by the bank on a foreclosed home how can the bank keep extending the closing date saying their is a issue with an heir?
This is part of the deal when buying a foreclosure. Things like this happen all of the time. Your attorney should be able to explain more of whats going on with the sellers end.
0 votes Share Flag Thu May 21, 2015 Home Buying in Hegewisch
Pamelajain, Home Buyer in Dallas, TX
Pamelajain answered:
I was reading a 4155 HUD. FHA manual and saw that you can buy a home while in a chapter13 bankruptcy after paying the trustee for 12 months on time
FHA is a great option for clients with less down, past credit blemishes including bankruptcy or foreclosure, and/or looser debt to income requirements. It is generally a 30 year fixed ... more
0 votes Share Flag Thu May 21, 2015 Home Buying in Chicago
Sara.eva, Home Buyer in Menifee, CA
Sara.eva answered:
Is a VA loan better to get with no $ down or would I be better off apply for a convential loan?
Veterans Affairs loans are home mortgages guaranteed by the U.S. Department of Veterans Affairs. Think of a VA loan as a thank-you to the people who serve our country.

For qualified ... more
0 votes Share Flag Wed May 20, 2015 Home Buying in Chicago
David Pool, Real Estate Pro in Champaign, IL
David Pool answered:
Should I have the pink ceramic tiles in a 2nd bath glazed white when the tub is refinished, before listing ($1800 vs. $500 for just the tub)?
I would recommend waiting for feedback from the showings. If you want to offer a credit for the buyers to change the tile (if they have a problem with it) I would let your agent know s ... more
0 votes Share Flag Tue May 19, 2015 Home Buying in 60804
Alicia OToole, Real Estate Pro in 60625
Alicia OToole answered:
Mortgage Lender who will lend up to 10 mortgages in Chicago
This lender can do up to ten residential loans.
http://www.zillow.com/profile/ablachno/
I have used him with many clients and recommend him. Feel free to reach out to me with any othe ... more
0 votes Share Flag Thu May 14, 2015 Home Buying in 60636
Alicia OToole, Real Estate Pro in 60625
Alicia OToole answered:
I do pay 400 hundred Dls. USA, a month for rent. Ok. I can do this for the next 10-20 years. WHY, But if the somebody gime the chance for pay my own
Many people can afford to pay a mortgage monthly, but continue to rent because they don't have the down payment available up front. There are programs in Illinois that can actually assi ... more
0 votes Share Flag Thu May 14, 2015 Foreclosure in Chicago
Noah Seidenb…, Real Estate Pro in 60202
Noah Seidenberg answered:
Can I buy a home with a wage garnishment?
You should speak with a good lender or a mortgage broker. They can examine your situation and answer this question.
Good luck
0 votes Share Flag Thu May 14, 2015 Home Buying in Chicago
Maria Smith, Home Buyer in New York, NY
Maria Smith answered:
Looking to buy a house. Problem is I have bad credit&my husband no credit. We have $10k saved for a down pymt. What are the chances of finding loan?
I am in the process of purchasing mixed property and am working with a banker. I would like to add there is more than one plan to use these mixed use properties and allow them to work f ... more
0 votes Share Flag Wed May 13, 2015 Home Buying in 60804
Noah Seidenb…, Real Estate Pro in 60202
Noah Seidenberg answered:
What type of training/education background do you expect your Realtor/Broker to have? Is this something that makes you decide to work w/ them?
Training is very important but being able to deal with people and handle a tough situation means quite a bit too. You need the total package, education and street smarts.
0 votes Share Flag Tue May 12, 2015 Investment Properties in Chicago
Noah Seidenb…, Real Estate Pro in 60202
Noah Seidenberg answered:
forclosure, Cicero, or close to Chicago
Have you checked the Fannie Mae Home Path site?
0 votes Share Flag Tue May 12, 2015 Investment Properties in Chicago
Alan May, Real Estate Pro in 60201
Alan May answered:
We are new to IL and recently closed on a house. The attorney closing fees were $950.00. As part of the transaction our attorney negotiated a...
No, it's not common.

And if he was going to charge you 25% of the negotiated credit, that should have been told to you during the negotiations.
1 vote Share Flag Tue May 12, 2015 Home Buying in Chicago
Debby Buffa, Real Estate Pro in 63005
Debby Buffa answered:
How do I go about finding a local agent?
Hi, you can also go to the local association of realtors to find an agent. I would interview at least two to see if your personality fits well with theirs.
0 votes Share Flag Mon May 11, 2015 Home Buying in Hegewisch
Debby Buffa, Real Estate Pro in 63005
Debby Buffa answered:
I am looking at a house that is short sale. What is advantage of buying short sale vs foreclosure?
Short sales and foreclosures are not always the bargain they seem. A short sale needs approval for a contract not only from the seller, who is upside down on their mortgage, but from t ... more
0 votes Share Flag Mon May 11, 2015 Home Buying in Hegewisch
Noah Seidenb…, Real Estate Pro in 60202
Noah Seidenberg answered:
Are there any banks in Chicago, IL that work with ITIN to finance the purchase of a house?
Talk to a mortgage broker to find out,. Contact me if you need advice on who to call.
0 votes Share Flag Fri May 8, 2015 Home Buying in Chicago
Noah Seidenb…, Real Estate Pro in 60202
Noah Seidenberg answered:
Can get a home equity loan while in Chapter 13?
You need to talk to a lender, not enough information.
0 votes Share Flag Thu May 7, 2015 Home Buying in Chicago
Nicole Kaghat, Real Estate Pro in Cary, NC
Nicole Kaghat answered:
What exactly does "seller pays closing costs" mean?
It means you pay less at the closing table, or next to nothing. It's for situations when buyers do not want to come up with out of pocket funds at closing.
I don't believe in points, a ... more
0 votes Share Flag Thu May 7, 2015 Home Buying in Chicago
Brittany898, Home Buyer in San Francisco, CA
Brittany898 answered:
Hello, can someone help clarify 203k repair requirements?
The experts at Prospect Mortgage can answer all of your specific questions about the types of repairs and renovations that you can undertake when you finance your home with a 203(k) Ren ... more
0 votes Share Flag Thu May 7, 2015 Home Buying in 60624
Carriedia, Home Buyer in San Francisco, CA
Carriedia answered:
as is Appraisal versus FHA 203k Aprasial
FHA 203k Appraisal Guidelines:

An appraisal conducted by a licensed and approved FHA appraiser is needed for underwriting a 203k loan. All residential home loan programs including VA ... more
0 votes Share Flag Wed May 6, 2015 Home Buying in 60624
1 2 3 4 5 6 7 ...
Search Advice

Followers

1499
Email me when…

Learn more

Meet the Trulia VIPs
Van Schwert, Broker in 60645
Van Schwert
Broker
60645
Cindy Risch, Broker in Chicago
Cindy Risch
Broker
Chicago
Curt Ratcliff, Broker in Chicago
Curt Ratcliff
Broker
Chicago
Patrick Smith, Broker in Chicago
Patrick Smith
Broker
Chicago
Home > Illinois > Cook County > Chicago > Home Buying in Chicago
Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer