illinois: Financing for First Time Homebuyers
- 05/12/14 03:37 AM
At a recent homebuyer seminar I conducted with a couple other real estate professionals, we discovered there were several misconceptions among potential first time homebuyers in regards to homeownership. Of these, the most common of which were needing a prime credit score of 700+ and requiring at least a 20% downpayment. While this may be true to get a better mortgage rate and avoid private mortgage insurance, it is not a necessity to be qualified for a mortgage.
With the cost of education and student debt both rising, most individuals simply don't have the means for a 20% downpayment. Fortunately for … (1 comments)
Division: * Granite and Stainless Steel Kitchen * Sun Filled * Open Floor Plan * Rooftop Deck w/ Beautiful Skyline Views Rice: * Granite and Stainless Steel Kitchen * Sun Filled * Open Floor Plan * Rooftop Deck w/ Beautiful Skyline Views Augusta: * Live Right Between … (0 comments)
illinois: Why the Newest listings for Wicker Park Sometimes…Aren’t!
- 02/26/13 12:45 PM
You are doing some serious house-hunting. You’ve been Googling "newest Wicker Park listings", but when you click on the most popular sites, somehow the ‘newest Wicker Park listings’ are the same ones you’ve seen before. Worse, some of them turn out to have been sold! Or the price was wrong! Or the agent isn’t even the agent anymore! What is going on? Doesn’t Google (or Bing, or Yahoo!) promise to show you sites with the newest listings in town? How can the most popular sites (at the top of their results page: Zillow, Realty.com, Trulia) be showing "newest listings" that were … (0 comments)
illinois: Cracked Glass Found in Home Price Crystal Ball
- 02/19/13 11:07 AM
Who doesn’t want to know what will happen in the future? That’s a very small group, for sure, since good planning is a cornerstone of good management -- for households as well as for organizations of every kind. So, whenever River North homeowners see headlines like “Home Prices Up ‘Unsustainable’ 5.9% in 2012,” above a MarketWatch article that explains that price growth is expected to slow, they probably would like to gauge the reliability of the forecasters. In this case, MarketWatch is part of the relatively stalwart Wall Street Journal, so credibility goes up. But closer examination finds that the author … (3 comments)
At a recent homebuyer seminar I conducted with a couple other real estate professionals, we discovered there were several misconceptions among potential first time homebuyers in regards to homeownership. Of these, the most common of which were needing a prime credit score of 700+ and requiring at least a 20% downpayment. While this may be true to get a better mortgage rate and avoid private mortgage insurance, it is not a necessity to be qualified for a mortgage.
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