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Nancy Jarrett, Real Estate Pro in Oak Park, IL
Nancy Jarrett answered:
Refinance the ARM loan with the 2nd mortgage loan
I'm not a finance expert but I think it's a good idea to refinance while interest rates are low; who knows from day to day what is going to happen in this economy. The expert ... more
0 votes Share Flag Sun Jul 18, 2010 Financing in Oak Park
Mr.smith2010, Other/Just Looking in 60304
Mr.smith2010 answered:
what is the current interest rate based on ARM Index Name WSJ 6 MONTH LIBOR?
here is all info on loan: what would be interest rate if it adjusted today:

ARM Information
Scheduled/Pending ARM Information: Payment Calculation Information:
Next Scheduled ... more
0 votes Share Flag Sun Jul 18, 2010 Financing in 60304
Gcortes, Other/Just Looking in Oak Park, IL
Gcortes asked:
How much does it cost to lease parking in the 838 Madison St, Oak Park, IL 60302 area for about 8 spots? We are designing a possible building for the 838 Madison St, Oak Park, IL 60302 lot and even after onsite parking we still need 8 spots to fulfill our zoning requirements for parking. W...
0 votes Share Flag Tue Feb 16, 2010 Traffic & Public Transportation in Oak Park
mary carlin, Real Estate Pro in Oak Park, IL
mary carlin answered:
Can a realtor familiar with this zip code advise me in what areas of Oak Park properties hold their value better?
Karla, Oak Park is a very diverse community, and, as a native, I can tell you that most Oak Parkers love their particular corner of the town best. Every section has its own personality ... more
0 votes Share Flag Fri Oct 4, 2013 In My Neighborhood in 60302
Steve Scheur…, Real Estate Pro in Oak Park, IL
Steve Scheuring answered:
I'm hoping to downsize (townhouse or condo) and currently have a home with a mortgage that is likely higher than market value--any suggestions?
Chris, you would best serve yourself to contact a local real estate... or two or three... and have them give you a presentation on the current Oak Park market and what that agent can d ... more
0 votes Share Flag Sat Jan 2, 2010 Home Buying in 60302
Laurie Chris…, Real Estate Pro in Oak Park, IL
Laurie Christofano answered:
I want to sell my Condo in Oak Park, but am not wanting to necessarily list the condo on the market, as I do not want 2 accumulate DOM.
Hi,

If you're not motivated and in a hurry to sell, it's probably not worth wasting your time and effort to keep the condo in showing condition... There are 341 condos curr ... more
0 votes Share Flag Thu Oct 15, 2009 Home Selling in Oak Park
Laurie Chris…, Real Estate Pro in Oak Park, IL
Laurie Christofano answered:
Is it legal for an agent/owner to ask for a bill of sale in cash behind the bank's back on a short sale?
In short sales, the only time we use contract addendums (not a bill of sale) is when there are 2+ mortgages on the property and the 2nd lender is unlikely to release the lien without ad ... more
0 votes Share Flag Thu Aug 13, 2009 Foreclosure in 60302
Laurie Chris…, Real Estate Pro in Oak Park, IL
Laurie Christofano answered:
What is the avg days on market (DOM) for homes in Oak Park, IL?
Hi Tracie,

I recently compiled the stats on the single family homes that closed in June '09 in Oak Park...

60302: http://budurl.com/ler9
60304: http://budurl.com/3cxg

I'd be h ... more
0 votes Share Flag Tue Jul 14, 2009 Market Conditions in Oak Park
Dorothy M. R…, Real Estate Pro in Oak Park, IL
Dorothy M. Reid answered:
What is the % increase in monthly assessments over the last two years?
If you are asking about monthly Assessments in a condominium building... Assessments are set by each individual building owners/association. And can vary greatly based on the amenities ... more
0 votes Share Flag Mon Oct 19, 2009 Market Conditions in Oak Park
Marion Digre, Real Estate Pro in 60302
Marion Digre answered:
what is the taxes for houses in oak park il?
A lot depends on price, size, area but the range for a single-family home is about $5000 on the low end to $40,000 or more on some of the large homes in the historic districts. If you c ... more
0 votes Share Flag Mon Jun 22, 2009 Home Buying in 60302
Alex Fuentes, Real Estate Pro in Elmwood Park, IL
Alex Fuentes answered:
Roth ira withdrawal
Rules are always changing my advice contact my "Trusted Advisor" Michael Trekas let him know that I referred you to him. His # 708-452-9169, The Meridian Business Group in El ... more
0 votes Share Flag Fri Jan 22, 2010 Home Buying in Oak Park
Alex Waterloo, Real Estate Pro in Oak Park, IL
Alex Waterloo answered:
Why have my taxes doubled on a one bedroom condo unit?
This has happened to a lot of condo owners in Oak Park, myself included. Your taxes are assessed every three years by Cook County. If your building was recently (since 2004) converted i ... more
0 votes Share Flag Mon Oct 19, 2009 Home Buying in Oak Park
David Cruick…, Real Estate Pro in Palatine, IL
David Cruickshank answered:
Refinancing under Obama plan
Please take a look at my blog about the home affordible refinance plan posted on trulia. The link is also listed as a web reference below.. As far as the decision its really up to what ... more
0 votes Share Flag Thu Apr 9, 2009 Financing in Oak Park
blwegrzyn, Other/Just Looking in Oak Park, IL
blwegrzyn asked:
Refinancing under Obama plan I called my bank (bank of america - where the first loan is) and they said that they could refinance it under Obama Plan: 30years fixed, 5.75,0 point,monthly payment 1033.26. Currently ...
0 votes Share Flag Thu Apr 9, 2009 Financing in Oak Park
blwegrzyn, Other/Just Looking in Oak Park, IL
blwegrzyn asked:
Refinancing under Obama plan I called my bank (bank of america - where the first loan is) and they said that they could refinance it under Obama Plan: 30years fixed, 5.75,0 point,monthly payment 1033.26. Currently ...
0 votes Share Flag Thu Apr 9, 2009 Financing in Oak Park
blwegrzyn, Other/Just Looking in Oak Park, IL
blwegrzyn asked:
Refinancing under Obama plan I called my bank (bank of america - where the first loan is) and they said that they could refinance it under Obama Plan: 30years fixed, 5.75,0 point,monthly payment 1033.26. Currently ...
0 votes Share Flag Thu Apr 9, 2009 Financing in Oak Park
Mike B, Real Estate Pro in Raritan, NJ
Mike B answered:
What are the best banks to deal with for the refinancing?
I don't think any one bank, lender, or broker stands out. rather, find someone you are comforatable working with who can offer you a rate and program beneficial to you.
0 votes Share Flag Sun Jul 18, 2010 Financing in 60304
Mike B, Real Estate Pro in Raritan, NJ
Mike B answered:
Hello, currently I have a conventional loan ARM without PMI . The balance is 177000$ with 5.25% interest
Hi,
Find out what your index is(the 1 year tesury bill, etc) and what your margin is: 2.75%, etc. Your new rate will be the index + the margin. You may be pleasantly surprised if yo ... more
0 votes Share Flag Sun Jul 18, 2010 Financing in 60304
Carmen Keslin, Real Estate Pro in 60464
Carmen Keslin answered:
Mortgage broker in Chicago.
Jafer,

Try Niki Igel, 630-854-7434. She is GREAT! Good luck! Also, if you are not working with a Realtor, I can help you out. I can put you on an email program that will email yo ... more
0 votes Share Flag Thu Apr 9, 2009 Home Buying in Oak Park
Wayne Beals, Real Estate Pro in Chicago, IL
Wayne Beals answered:
Does FHA Care about the Garage roof?
Expect that the appraiser will note a poor condition of the roof or garage in the report, and this may detract from the value the garage adds to the property.

In the end, you should ... more
0 votes Share Flag Mon Feb 23, 2009 Home Buying in Oak Park
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