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first time homebuyer: Home Buyer Road Map - 05/29/12 08:37 AM
You'll need a 'Buyer Road Map' Compiling a 'home search wish list' featuring what is most important to you and your family when you begin your housing search should be an absolute priority. There is a habit of spending hours on the internet and on many different sites looking and 'lurking' at future home possibilities.  But are you spending your time wisely? What this post will do is help give you a sense of direction on what is most important.  The minimum's and the maximum's to finding your ideal home.  Most people start their search on the internet and often find … (3 comments)

first time homebuyer: Schaumburg Townhomes - At their most affordable right now! - 10/07/11 10:18 AM
Housing Affordability ..... Obviously means that today's buyers can get the most home for their purchasing power in quite some time.  Interest rates are so fabulously low now that you would be absolutely surprised at what you can afford to buy vs. rent.  I am going to give you a true example so you can clearly see my point. Renting is an option for you but is it the best financial option for you?  Crunch the numbers for yourself in this Buy vs. Rent Calculator and see where you come out. (use 4% as the current interest rate)
Mom #1's Scenario … (0 comments)

first time homebuyer: A True or False Mortgage Quiz - Dispelling those Rumors Surrounding Mortgages ... - 05/20/11 05:02 PM
 
So you're a first time home buyer and you want to begin your home search soon. You've 'heard' on the street that you must be preapproved first because no one will take you seriously otherwise.
But what do you really know about the process?  Do you know how it works?  Obviously buyers are VERY confused based on some recent polling information.  Most buyers are ill informed on even the most basic mortgage financing details.
So what to do?  First, go to school and begin your learning process today.  Call a good loan officer that will sit down and explain the … (4 comments)

first time homebuyer: Down Payment Assistance - SmartMove for Illinois Buyers - 01/21/11 01:53 PM
SmartMove Program for First-time Buyers in Illinois SmartMove offers mortgage products with incentives such as affordable interest rates and down payment assistance.  Veterans can also apply.  SmartMove features up to $6000 for down payment and closing costs as a 10 year zero percent forgivable loan.  Obviously the program is geared toward borrowers who need extra flexibility on sources of income or who have limited funds for down payment and closing costs.SmartMove features:
Minimum down payment loan amounts from 96.5 to 100% (this means 3.5% down up to zero down) Conventional, FHA, USDA products available Fixed rate loans with up to 30 … (0 comments)

first time homebuyer: Foreclosures and You - 10 Potential Potholes on the Foreclosure Buying Road - 02/11/10 11:02 AM
Buying a foreclosure can really test what you're made of.  Better make sure you are ready and you need someone that is a seasoned professional (like me!) to help you climb thru the jungles and miss the dreaded swamp!
This post is by Clint Miller of Montana, enjoy.

Via Clint Miller (Real Estate Client Referrals, LLC (RECR)):
Let's face facts...buying a foreclosure isnt exactly a simply process. In fact, some would say the entire process sucks.
But, it can actually be even worse than you thought originally for your client without recognizing these 10 simple red flags. Knowing what to look for … (0 comments)

first time homebuyer: Foreclosure Basics - Special incentives for Buyers with this program - 01/29/10 04:25 PM
Foreclosure Basics - Fannie Mae Specials on the Home Steps Program  
Well I guess they want to join the spring market with new incentives for buyers (dangle that carrot?) with closing costs help and new appliances!  Most foreclosures obviously have 'iffy or icky' appliances so this would at least give buyers some incentives/breaks on those new appliances.  This was just released and is valid until May 1, 2010.  You must close by that date.  The press release shown is not very clear but I rechecked and the date starts for contracts on January 27th, 2010.My other post on Fannie Mae … (2 comments)

first time homebuyer: First Time Homebuyer Tax Credit - $8000 Tax Credit - 07/18/09 08:15 PM
8000 Reasons Why you should hurry! Post
Questions and Answers Post


  Lyn Sims (847)230-7324 at RE/MAX Suburban
 
 
 
 
I proudly serve and sell real estate in the Northwest Suburbs of Chicago.  If you are thinking about purchasing or selling your home in the communities of Schaumburg, Elk Grove Village, Hoffman Estates, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Bartlett, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.

All data and information provided on this blog is for informational purposes only.  Lyn Sims makes … (2 comments)

 
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Lyn Sims - Schaumburg Homes

Schaumburg, IL

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Schaumburg Real Estate - Northwest Suburbs - RE/MAX Suburban

Address: Schaumburg | Hoffman Estates | Elk Grove Village | and Roselle, IL in the Northwest Suburbs of Chicago

Office Phone: (847) 230-7324

Cell Phone: (847) 230-7404

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