Archive for Homebuying Tips

Home Financing Tips for First-Time Buyers

The U.S. economy is starting to pick back up, and in a recovering market, optimism spreads quickly meaning people will buy more frequently and readily. Specifically, people will be looking into real estate, as most major markets are finally returning to health. With home buying comes home financing, and a result of the real estate [Read More]

February 02, 2015 | Author: admin | Comments: (0) | Categories: Chicago Real Estate News, City of Chicago, Homebuying Tips, Mortgages, New Homes

New Mortgage Programs for Chicago First-Time Home Buyers

The challenge of saving for a down payment is a constant struggle for many first-time home buyers in Chicago. According to the Washington Post, the housing market is missing one specific group: young first-time home buyers. Realtors are commenting on the low numbers of this young generation that they are seeing in the marketplace. The [Read More]

December 23, 2014 | Author: admin | Comments: (0) | Categories: Chicago Real Estate News, Economy, Education, Featured, Homebuying Tips, Locations, Mortgages, New Homes

Should You Select an Adjustable Rate Mortgage?

Adjustable rate mortgages (ARMs) can be a great option for new home buyers in Chicago. However, it’s important to make sure that you fully understand this type of mortgage before selecting it. The new article “ When to Consider an Adjustable Rate Mortgage” on the Equifax Finance Blog explains what an ARM is and when [Read More]

December 12, 2014 | Author: admin | Comments: (0) | Categories: Chicago Real Estate News, Education, Homebuying Tips, Mortgages

West Loop Condo Buyers Might Have New Low Down Payment Option Soon

  First-time home buyers in Chicago’s West Loop neighborhood have a new 3% down payment mortgage option on the horizon. Often lacking enough cash for a down payment to buy a home, condo or loft with the conventional 20% down mortgage or not willing to pay the mortgage insurance premiums associate with an FHA loan, [Read More]

November 10, 2014 | Author: Best Chicago Properties | Comments: Comments Off on West Loop Condo Buyers Might Have New Low Down Payment Option Soon | Categories: Chicago Condo, Chicago Real Estate News, Condos, Cook County, Education, Homebuying Tips, Locations

Found Your Perfect Home? Keep These Tips in Mind for Moving

Many of us are planning a move over the next few months. As we all know, the entire buying and moving process is stressful, and while you and your belongings are being moved around and changed, it’s easy to lose track of your plans and your budget. To stay on track, consider these tips that [Read More]

Why You Need an Emergency Fund

One day you’re chugging along, doing okay, paying your bills on time and then without warning, a life emergency comes up and completely derails you, sending you straight into debt. Many of us don’t worry too much about such emergencies because we think they won’t happen to us. However, unforeseen financial crises affect individuals and [Read More]

May 20, 2014 | Author: Mitch Levinson | Comments: (0) | Categories: Economy, Education, Homebuying Tips

Best Ways to Get Around the Windy City for Your House Hunt

When you’re looking for a new home in Chicago and you’re not quite sure if it’s on the left or right side of the road, or if you’re even in the right area, it used to be that you would either pull out a map or – gasp – ask for directions. Nowadays, though, your [Read More]

May 10, 2014 | Author: Mitch Levinson | Comments: (0) | Categories: Education, Featured, Homebuying Tips