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Real Estate Tips
First Time Buyers >Determining A Price Range

If you are working with a real estate agent to find a new home, the agent will probably ask a lot of questions about your income, liquid assets, and debt situation. The real estate agent needs such information to help you determine your price range.

Whether you are buying your first home, or moving up, your agent can give you solid advice on how to maximize your buying power. With so many mortgage alternatives available, you may find that you can buy more than you thought. Your individual situation might make some types of mortgages or financing more of a risk than you really want to take. Each buyer's situation is unique, and real estate agents understand the importance of finding you the perfect home and the perfect financing to enable you to afford it.

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Real Estate Trivia
Q 
What is a Balloon Mortgage?

A 
A balloon is a short-term mortgage which requires the entire balance of the loan to be re-paid at the end of the loan term.
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Bob Untch, REALTOR®, real estate agent and broker for Barrington, Inverness and Cary, Illinois home listings, property and land for sale - NUMBER1EXPERT™

Bob Untch
Coldwell Banker Residential Brokerage

530 N. Hough Street #180
Barrington, IL 60010
847-542-0475
Fax: 847-382-4990
BobUntch@NUMBER1EXPERT.com


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