Financing in West Rogers Park : Advice

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Bill J Delig…, Real Estate Pro in Chicago, IL
Bill J Deligiannis answered:
Given increasing interest rates, does it make sense to pay off your mortgage debt or should one invest in bank deposits, equity, etc.? Why?
For the savvy investor it is wiser to borrow at low rates and reinvest in more properties. At present both rates and real estate prices are low. That's a great combination.
0 votes Share Flag Wed Feb 13, 2013 Financing in West Rogers Park
Joe Schiller, Real Estate Pro in Chicago, IL
Joe Schiller answered:
I want to refinance my investment condo but I'm afraid I won't make 75% LTV. A few other comparable units have foreclosed in my building.
like the mortgage brokers suggestion.. being afraid is a waste of time.. its like a rocking chair-something to do but gets ya know where- I think thats how it goes.. anyway.. call your ... more
0 votes Share Flag Sun Aug 28, 2011 Financing in West Rogers Park
Mark Malave,…, Real Estate Pro in 60626
Mark Malave, Buyer's Agent answered:
I have a house and now I try to buy condominium but some people who do the mortgage say I can not get any loan because of my this house .

Why are you buying a condo? Is it to live or to rent for income? I would advise against investing in a condo for income. There are better places to put your money, like a 2 or ... more
0 votes Share Flag Tue Dec 15, 2009 Financing in West Rogers Park
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