Finance Resources
Buying a home is
one of the most important financial transactions
you'll ever make.
To ensure that your home purchase goes smoothly,
Realty Resources IL offers the
services of our preferred lenders. Our
lenders are uniquely qualified to meet the
needs of our customers. We work together
seamlessly as partners in making the process of
buying your new dream home a simple, easy
and satisfying experience.
We offer highly competitive pricing, guaranteed
closing costs and a simplified application process.
Credit pre-approvals are always free, so submit
your application for pre-approval now. Feel
free to e-mail or call with any questions or concerns
before applying.
Realty Resources
IL is your one stop shop for all your real estate
and financial needs. Call
us whether you're buying a new home or a business
or refinancing your current home.
Some
helpful steps to take before financing a home:
- Check your credit status.
As of September 2005, you have the right to
recieve a free credit report once a year from
each of the 3 major credit bureaus--Equifax,
Experian, and TransUnion.
- Work with us to determine how
much you can afford to pay for a home.
- Get your credit score from us.
This score is based on your credit history and
determines how we view your creditworthiness
and determine the loan terms to offer.
- Be sure you understand the risks of
your mortgage and know whether you can handle
possible payment increases.
Specialty Mortgages:
What are the Risks and Advantages?
Home prices have risen to very high levels, making
it harder to afford a home--especially for first-time
homebuyers. The traditional fixed-rate mortgage
and the standard adjustable-rate mortgage may
not be the best options for everyone. A growing
number of homebuyers are deciding to use one of
several new types of specialty mortgages that
let them "stretch" their income so they
can qualify for a larger loan. But before
you choose one of these mortgages, make sure you
understand their risks and how they work.
Click here to find out more about Specialty Mortgages.
How to Avoid Predatory
Lending:
Unfortunately, home buyers need to be aware that
some loans are not in their best interest. When
loans hurt instead of help, they can quickly lead
to foreclosure and even bankruptcy.
Click
here to find out more about predatory loans and
how to avoid them.
Traditional Mortgages:
Understanding your Options:
For most consumers, the traditional fixed-rate
mortgage and adjustable-rate mortgage continue
to be excellent options. However, even these traditional
financing options require a number of important
decisions.
Click
here to learn more about the decisions to be made
with traditional mortgages
The Fair Credit Reporting
Act & Your Credit History:
If you've ever applied for a charge account,
a personal loan, insurance, or a job, there's
a file about you. This file contains informationo
where you work and live, how you pay your bills,
and whether you've been sued or arrested or
have filed for bankruptcy.
Click
here to learn more about Credit Reporting Agencies,
The Fair Credit Reporting Act, and your credit
history.
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