Posts Categorized: Home Buying

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Du Page County Property Tax Rates

When you are purchasing a home, it is important to understand the economics of the home and property taxes are a huge factor in the equation.  So, just how do you figure out what your taxes will be? It is not a good idea to simply look at what the current owner is paying because there… Read more

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Hamptons of Hinsdale: Luxury Condos and Townhomes for Sale

Looking to live in Utopia?  Then you might want to check out the Hamptons of Hinsdale.  Located near the intersection of 59th and Washington Streets in Hinsdale, the Hamptons plans to offer over 100 luxury units, both townhomes and condos set in a serene park like location with ponds and open space.  The infrastructure and site… Read more

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Think You Can’t Afford to Live in Hinsdale? Think Again!

Ahh, spring is in the air here in Chicago land.  For me, spring always brings a sense of optimism and hope.  For those of you who wish to live in Hinsdale, there are some great opportunities.  For example, you can get this two bedroom condo at 300 Claymoor #3E.   The Claymoor complex is actually very nice… Read more

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Using FHA 203k Loans To Rehab Your Short Sale or Foreclosure

There are a few common ways that I have seen an FHA 203k loan used.  Predominantly the clients I’ve worked with use this type of loan to purchase a property that either needs some general rehabbing throughout or to finish a job that was left incomplete for one reason or the other.  As rehab loans… Read more

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What It Takes To Get A Mortgage: Required Documentation

Buyers often wonder what bureaucratic torture they are going to be subjected to in order to obtain a mortgage. Therefore, I asked Russ Martin of Perl Mortgage to explain the required documentation for a mortgage application. In general, a conforming loan (i.e. conforms to the guidelines established by Fannie Mae and Freddie Mac) will require… Read more