Tag: home financing

The Mortgage Process: What You Need to Know

The first step in the home buying process? Knowing what you can afford by getting a loan pre-approval (or having a proof of funds letter from your bank, if you are a cash buyer).

The Mortgage Process: What You Need to Know [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • Many buyers are purchasing a home with a down payment as little as 3%.
  • You may already qualify for a loan, even if you don’t have perfect credit.
  • Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.

View this previous post on the dos and don’ts when applying for a mortgage. 

Thinking of buying? Contact us today! (708) 529-5839


Mortgage Rates by Decade Compared to Today

Mortgage Rates by Decade Compared to Today [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • The interest rate you secure for your mortgage greatly influences your monthly housing costs.
  • In the 1980s, 30-year fixed mortgage rates averaged in the high 12s making the monthly principal and interest payment over $2,000.
  • Interest rates are still at historic lows; this is a great time lock in your housing cost and protect yourself from increasing rents, or refinance your current mortgage.

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