Today’s lower interest rates have spurred you to refinance your mortgage. Now you can expect to reap the benefits of substantially reduced monthly mortgage payments, but you can also expect to pay the lender the typical closing costs associated with any mortgage loan. Why? Because from the lender’s standpoint, a refinanced loan is no different…
DetailsWhat is an Escrow and why is it needed? An escrow is an arrangement in which a disinterested third party, called an escrow holder, holds legal documents and funds on behalf of a buyer and seller, and distributes them according to the buyer’s and seller’s instructions. People buying and selling real estate often open an…
DetailsA Good First Impression Can Help Sell Your Home When you are showing your home to prospective buyers, first impressions are the most lasting and the most important to its sale. Your major role as a seller will be to make your home as attractive as possible to potential buyers. The time, effort and limited…
DetailsPrint out this Scorecard and Take it Along with You Nothing’s quite as frustrating as forgetting why you liked two or three particular homes after weeks of looking. With this scorecard, you can keep a record for yourself. Not only does this list include most of the features you’ll be needing in a home, it…
DetailsMost home sellers and buyers have been informed that obtaining title insurance will provide them necessary protection over possible title defects; but many remain uncertain about why this is so ÷ or even about what title insurance is. At the Chicago Title and Trust Family of Companies, we believe we have everything to gain by…
DetailsRealizing the American Dream For most people, buying a home is one of the most important decisions of their lives. The decision is not usually an easy one. But, trends in home prices and mortgage rates, combined with the tax advantages of home ownership, make this an excellent time to turn the home of your…
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