October, 2014 Archives

Archives for 2014

Illinois property: What is the difference between private rights and public rights?

When a person in Illinois owns a piece of property, whether it be public or private, they are given specific rights. These may include some of the following: … [Read more...]

How does a reverse mortgage affect your heirs?

A woman in Florida chose to sign over the rights to her home to her husband, which would enable him to qualify for a higher reverse mortgage loan amount. … [Read more...]

Calculating your future mortgage payment

Whether they are purchasing their first home or buying an investment property, those looking into buying property in Illinois should understand what their mortgage payment will be once they have made this purchase. … [Read more...]

Buying property: Why pre-approval is a good idea

A mortgage pre-approval differs from a mortgage pre-qualification because during the pre-approval process, the lender checks a buyer’s credit and verifies their documentation to approve them for a specific loan amount. … [Read more...]

Using software to manage your trucking fleet’s maintenance

Companies that must manage vehicle fleets have many special issues with which to contend. Many technologies have been developed to assist in things such as tracking the locations of vehicles and drivers, providing route assistance and more. … [Read more...]

Stretching your IRA

A father named his son the beneficiary on his IRA, which was worth roughly $100,000. According to the Huffington Post, the son, who was 53 at the time of his father’s death, chose to receive the minimum distributions out of the Roth every year instead of taking the lump sum. … [Read more...]

Prepaid funerals and burial: Make sure your heirs know about it

More than 40 years ago, a woman purchased a policy from a funeral home that intended to cover the expenses of her burial. According to the American Association of Retired Persons, the woman died in 2008. … [Read more...]

Do non-profit companies pay taxes?

Illinois companies designated as non-profit organizations, or charitable organizations, have successfully applied for and obtained the federal  501(c)(3) status. This means that these companies are not legally obligated to pay certain federal, state or local taxes. … [Read more...]

How much money should property buyers set aside for a down payment?

When buyers in Illinois purchase a new home, they are typically required to provide their lender with a down payment. This, in addition to the purchaser’s credit score, annual income, total debt and credit history influence how much funding they qualify for. … [Read more...]

Transportation of goods expected to increase by 23.5 percent

America’s reliance on moving goods is one thing that is not likely to go away anytime soon. Chicago companies and consumers alike rely on the freight industry to ship products to customers all over the globe, stock grocery store shelves and more. … [Read more...]

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