When buyers in Illinois purchase a new home, they are typically required to provide their lender with a down payment. This, in addition to the purchaser’s credit score, annual income, total debt and credit history influence how much funding they qualify for. Typically, home buyers should plan on saving approximately five to 20 percent of the sale price of their home in cash to qualify for a conventional loan, but this specific amount varies depending on the purchaser’s individual … [Read more...]
Should You Buy That Fixer-Upper?
Buying a fixer-upper can help a home buyer get a great deal on a new home. However, doing so may… READ MORE