Even if you have a fixed-rate mortgage, your monthly mortgage payment can change over time. That’s because most lenders include property taxes and homeowners insurance in the monthly payment, and those elements can change over time. Property values increase and tax rates can too.
Illinois is ranked as the second-highest taxed state in the nation while Chicago is ranked the highest-taxed city in the United States.
Illinois continues to lose tens of thousands of taxpayers and businesses due to the high taxes as well as incompetent politicians.
Is There Another Housing Bubble In The Coming Weeks And Months? Many homebuyers are priced out of the market. Home prices have skyrocketed since 2013. Many experts and economists have been expecting a housing bubble for the past several years. HUD, the VA, Fannie Mae, and Freddie Mac are anticipating another housing bubble but the housing market seems like it is a freight train and keeps on going up with no signs of any correction.
Issues With Qualifying For A VA Mortgage During Coronavirus Pandemic Economic Crisis: The main issues with qualifying for a VA mortgage during the coronavirus outbreak was most lenders increased credit and DTI lender overlays.
This Article Is About Stock Market Correction Drives Mortgage Rates Lower The Dow Jones Industrial Averages and all other market indices opened lower again due to fears of the coronavirus epidemic. Never in history has the markets reached an all-time high and plummeted into correction territory The stock market is considered to be in correction […]
This Breaking News Is About The Fed Will Not Raise Rates But Bonds Ignores The News The Fed Will Not Raise Rates for the next two years until 2023 per the monetary policy statement they announced this past week. However, the bond market ignores the breaking good news from the Federal Reserve Board, which has […]
This Breaking News Article Is About The Survival Of Small Businesses In Illinois After Democrats Gain Control First-term rookie Illinois Governor JB Pritzker was the first governor to issue a statewide executive stay-at-home order last March 2020. What this means is JB Pritzker has shut down the whole state of Illinois in March 2020. Under […]
This BREAKING NEWS Article Is About Mortgage Rates Skyrocket To Highest Level Since November 2020 The housing market has been booming throughout 2020 and was expected to continue well into 2022. However, the surging yields on the U.S. Treasury Bonds have skyrocketed mortgage rates in recent days and weeks. Housing values have literally gone through […]
This ARTICLE Is About Wealthy Illinoisans Fleeing State To Lower Taxed States Wealthy Illinoisans Fleeing State To Lower Taxed States than any other states in the nation: High Illinois taxes are forcing Wealthy Illinoisans Fleeing State To Lower Taxed States than any other state in the nation Illinois Governor J.B. Pritzker’s proposed progressive tax is […]