Interest rates for residential and commercial real estate have never been lower. The greater Chicago real estate market holds incredible opportunities for home buyers, investors and those wanting to refinance.
At the same time, credit restrictions, declining home appraisals and foreclosures have made these endeavors more challenging to say the least. In many cases, unlike prior years, obtaining or refinancing a mortgage requires the type of credit planning best explained by a CPA.
Here are a few "rules of thumb" in today's real estate market. Do not start looking for a home without first getting a pre-approval letter. Your pre-approval letter should accompany all offers you make. If your offer is accepted do not sign any other credit commitments or use a credit card for any large purchases until after you move into your new home.
Call me and let's begin the process. Learn how Gerald Knight can help you find the home of your dreams - contact Tax Busters today.
Gerald Knight's mortgage services under American Way Financial include:
New Home Mortgages
Foreclosure Financing
Real Estate Appraisals
Commercial Real Estate Investments
Home Loans & Refinancing
Real Estate Tax Management Services
