It is a good idea to go to the Schaumburg Township tax assessor and ask them to assist you in filing an appeal to lower your assessment. It is free and quick. They are very nice and helpful. I just got my own lowered again this way.
the Phone is 847-884-0030.... more
AA, from your description, it leads me to wonder whether you/your wife would qualify for mortgage financing just using her income. While it is not clear from your post to whether you plan to sell your townhome before closing on your new home, this is another area to investigate with the right mortgage professional.
Mortgage brokers/lenders are all operating with the same lending underwriting guidelines since most residential mortgages are closed and funded to sell to the secondary market. There is more scrutiny now than before so be prepared to share and disclose all income documentation, personal and business tax returns.
My advice to you is to start a process working with the right mortgage professional who can quickly determine solution(s) to help you. If you require a personal consultation, you are welcome to contact me.... more