Chicago Area Home Value Trends and Projections for 2025
As 2024 progresses, the housing market in Chicago’s suburbs continues to experience steady growth, with home values maintaining upward momentum despite broader economic uncertainty. Over the past year, many suburban areas have seen increased demand due to a desire for more space, work-from-home flexibility, and a continued preference for communities outside the city core. In…
Read MoreExplanation of Fed Decision and Mortgage Rates
Article from Barry and Dan Habib from MBS Highway – 9/20/2024 The Fed cut rates 50 basis points on September 18 to a target range of 4.75% to 5%, with the effective Fed Funds Rate at 4.875%. It’s important to remember that the Fed is not cutting mortgage rates, but rather the overnight rate that…
Read MoreWhy a Strong Credit Score is Your Secret Weapon for Buying a Home
Higher FICO scores equal lower interest rates. Credit scores play a crucial role in buying a home as they significantly impact a buyer’s ability to secure a mortgage and the terms of that mortgage. A higher credit score can lead to better interest rates, lower monthly payments, and more favorable loan conditions, potentially saving the…
Read MoreA Comprehensive Guide to Mortgage Pre-Approval: Your Path to Homeownership
The dream of owning a home is a significant milestone for many individuals and families. However, navigating the complex world of mortgages and real estate can be overwhelming. One crucial step in the homebuying process is obtaining a pre-approval for a mortgage. A pre-approval not only gives you a clear picture of your buying power…
Read MoreMortgage Lingo from A-Z
Your go-to source to learn all the terms used in the Mortgage Process A | B | C | D | E | F | G | H | I-J-K | L | M-N-O| P | Q | R | S | T | U-V | W-X-Y-Z A abstract of title A historical summary provided…
Read MoreThe First Time Homebuyers Guide to the Mortgage Process
Overwhelmed with the Mortgage Process? This guide is for you! Buying a home is sure to be an exciting time in your life! However, whether you’re a first-time homebuyer or a seasoned homeowner, the mortgage process can be stressful and overwhelming. With so many moving parts, documents, and deadlines, it’s important to have a basic…
Read MoreDan Palumbo’s Homebuyer Advantage Program
More Than Just a Pre-Approval. Be A Step Ahead of Other Buyers If you’re thinking about buying a home, you’ve most likely heard that you need to be Pre-Approved. But what does that actually mean? There are two parts to a traditional Pre-Approval. The first is having a mortgage broker help you determine what homes…
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