AMIS Real Estate Inc

06/04/2019

Mortgage Rates Continue to Plummet
Mortgage rates dropped quickly again today, easily hitting the lowest levels since late 2017 for the average lender. The move comes in response to a surge in volatility and perhaps even a wave of panic in financial markets. Stocks have fallen somewhat swiftly as trade tensions increasingly look like.
Its time to Buy New Home or refinance for more details please visit our website

04/22/2019

FHA eases home warranty requirement for low down payment loans
FHA eases home warranty requirement for low down payment loans
The Federal Housing Administration is moving forward with a long-delayed plan to reduce the term of the home warranty required for high loan-to-value mortgages on new houses.

12/27/2018

https://youtu.be/XmV5y099Qgo

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Learn about what’s forecasted to take place next year, anticipated trends and what lenders can do to address some of the issues that may emerge.

12/22/2018

The prime rate is a guiding interest rate that lenders reference when they set interest rates for consumers on things like credit cards, loans or mortgages. But who or what decides the prime rate, and how does it affect you?
Have you ever wondered how interest rates are set for the money you borrow? They’re typically based on the prime rate. When the prime rate goes up or down, consumer interest rates are likely to do the same.

08/05/2018

Prices are up – but not by that much.
You hear a lot about the ever-rising prices of the American housing market. But here in Chicago, average home prices are still below their record highs. In fact, prices on detached properties stands at 89 percent of what they were in 2007, and attached houses are still at 82% percent. Last year, there was actually a slowdown in growth on single-family detached properties (meaning now may be the time to buy one if you’re on the market!).

We make real estate a breeze!

08/05/2018

Prices are up – but not by that much.
You hear a lot about the ever-rising prices of the American housing market. But here in Chicago, average home prices are still below their record highs. In fact, prices on detached properties stands at 89 percent of what they were in 2007, and attached houses are still at 82% percent. Last year, there was actually a slowdown in growth on single-family detached properties (meaning now may be the time to buy one if you’re on the market!).

We make real estate a breeze!

05/17/2018

Just Like the Weather, New-Home Prices Are Beginning to Heat Up
It’s not just the weather outside that’s heating up. The cost to buy a new home is rising as the housing market enters its peak buying months.

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04/25/2018

Paying Off Your Home Loan Early
Your mortgage loan may have 15- or 30-year term. But that doesn't mean you have to wait that long to pay it off. In fact, if you have the funds or the will to make it happen, you can pay off your mortgage much sooner than that.
Prepaying on your loan a good move? Any benefits depend
Benefits: More cash flow, Reduced financial stress and Increased equity in the home:
Negative effects: Loss of tax benefits, Reduced liquidity and Savings starvation
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04/22/2018

Does the Option to Extract Home Equity Affect House Prices?

Real Estate can be pledged as collateral for a loan at the time of purchase and after purchase via a home
equity loan. The question “Does Collateral Value Affect Asset Prices?” asks whether the ability to pledge
an asset as collateral after purchase affects its price. Economic theory predicts the answer is yes:

03/21/2018

Mortgage rates forecast for March 2018

As 2018 started, the 30-year rates had held below 4% for 26 straight weeks, according to mortgage agency Freddie Mac.

Four percent is now out of reach, even for the best-qualified candidates, with 4.5% the new normal. Home buyers and refinance candidates are scrambling before rates head to five.

The good news is that most mortgage rate shoppers haven't been priced out of a refinance or home purchase — yet. But, as we'll discuss, the odds are not in our favor in March.

for more information contact us

03/10/2018

Mortgage Rates Paradoxically Steady After Jobs Report

Mortgage rates must really like being where they are right now, because they've been at roughly the same levels for the past 5 days! Not only is this highly out of character for 2018, it's not even that common in general (might happen a few times a year.

Mortage rates going higher, its still time to buy your dream home

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