Choosing the right mortgage professional is a critical step in the home-buying process. Whether you work with a mortgage lender or a mortgage broker, the decision can impact your loan options, interest rate, and overall experience. Here’s how to determine…
Think You Can’t Afford to Buy a Home? Think Again—Own with Just 1% Down! If you’re a recent college grad, first-time homebuyer, or aspiring homeowner, owning a home might be closer than you think – even if your savings account…
Applying for a mortgage is an exciting step toward homeownership, but it’s important to approach the process carefully. Certain financial decisions made before and during the application process can impact your approval and loan terms. To help ensure a smooth…
Interest rates are one of the most important factors to consider when buying a home. They directly influence how much you’ll pay each month on your mortgage and, ultimately, how much home you can afford. When rates rise, it can…
Buying your first home is an exciting milestone, but it can also feel overwhelming. As a first-time buyer, you’re likely navigating unfamiliar territory with a lot of questions about the process. To help you start your homeownership journey with confidence,…
Are student loans standing in the way of your dream home? The SmartBuy Program is here to help Illinois residents tackle student loan debt and achieve homeownership. Whether you’re a first-time buyer or upgrading to your next home, this…
In a monumental move, the Consumer Financial Protection Bureau (CFPB) has finalized a rule that will eliminate an estimated $49 billion in medical debt from credit reports. This change marks a significant step toward a fairer credit system, particularly for…
Choosing the right mortgage term is a critical decision in the home-buying process. The two most common options are the 15-year and 30-year fixed-rate mortgages. Each has its own set of advantages and drawbacks, and understanding these can help you…
Buying a home is an exciting journey, but it comes with its share of expenses—one of which is closing costs. Many first-time buyers are surprised by these additional costs, which can add up to thousands of dollars. As a mortgage…
As the New Year approaches, many people set resolutions to achieve major life goals—and buying a home often tops the list. If you’re planning to purchase a home in the coming year, taking steps now to prepare financially can make…
