Save Money by Shifting Your Mortgage Payment Strategy

October 13, 2018 by Marty Orefice | Financing, Real Estate

When you have a shorter mortgage you pay the bank less money overall. That’s because the less time you owe the bank money, the less … Read More

Homes in These Cities are Valued in the Millions

October 5, 2018 by Marty Orefice |

To afford a $1 million home with a conventional mortgage (i.e. 20 percent down payment) someone would need to earn $191,640 each year. With an … Read More

Chicago First-Time Home Buyer Programs

September 29, 2018 by Marty Orefice | Financing, Real Estate

Down payments are a major obstacle to people purchasing homes. The smaller your down payment is, the larger your monthly mortgage payment will be. More … Read More

What are the Different Types of Closing Costs?

September 23, 2018 by Marty Orefice | Financing, Real Estate

It’s common knowledge that when you buy a home you’ll need to produce a down payment. However, fewer people know about closing costs. When you … Read More

Security Deposit and Option Fee Differences

September 7, 2018 by Marty Orefice | Real Estate, Rent to Own

The rent to own process doesn’t involve a deposit – per say. It involves something similar to a deposit, but that’s not the word for … Read More

What to Do About a Messy Lease-Option Tenant

August 31, 2018 by Marty Orefice | Real Estate, Rent to Own

Normally, landlords expect their tenants to keep their units in good shape. However, when you’re the seller of a rent to own property, you’re caught … Read More

HOA Fees and the Success of Your Lease-Option

August 24, 2018 by Natalie Calvo | Financing, Real Estate, Rent to Own

When you rent to own a property the key factor in success is qualifying for a mortgage at the end of the lease. To do … Read More

It’s Harder to Buy a Home in These 10 Cities

August 17, 2018 by Marty Orefice | Real Estate, Rent to Own

Cost-burdened homes are homes where families struggle to afford basic necessities after paying the cost of housing. The percentage of families that are burdened in … Read More

Can You Rent to Own with No Deposit?

August 10, 2018 by Marty Orefice | Contracts, Rent to Own

Security deposits are not an inherent part of the rent to own arrangement. However, a seller might ask for one as a means of protecting … Read More

What is a Lease-Option Assignment?

August 3, 2018 by Marty Orefice | Real Estate, Rent to Own

Typically, when circumstances change for buyers and they can no longer purchase the home they lease-optioned, they lose their option fee and any premium payments … Read More

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