If you are considering buying Palatine real estate it is important to not let the down payment intimidate you. It is nearly impossible to read about real estate these days without coming away feeling like loans are impossible to come by. While it is extremely beneficial to have the funds for a 10 to 20% down payment when trying to buy a Palatine property it doesn’t necessarily need to be a deal-breaker.
While it is true that many lenders do require 10 to 20% down to acquire a loan to buy a home, there are financing options which require as little as 3% for a down payment to purchase Palatine real estate. There are a variety of private and public lending options that could make home ownership in Palatine Illinois a possibility.
It is an ideal time to buy Palatine real estate. Mortgage rates hovering above historic lows, home values down, foreclosure properties available to buy, and larger than normal inventories have combined to create a buyers market. If you have been thinking about buying a Palatine home, and it fits within your budget, don;t let the lack of a substantial down payment run you off without looking into what is available.
Contact me today to learn more about Palatine real estate. I have access to a number of lenders in the Northern Illinois area, as well as information on the real estate process that you can find valuable. Home ownership in Palatine is more affordable than it has been in years and being educated will help you know if buying a home is right for you.
Please contact me, Sharron Kelley, today at 847-465-3638, for the latest updates on Palatine Illinois real estate. Click here for free access to the Palatine MLS, to view all available Buffalo Grove real estate, Long Grove real estate, Vernon Hills real estate and Palatine Illinois real estate.
