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WelcomeFirst Time Buyers Seminars ...

Thursday January 21, 2010 OR Saturday January 30, 2010
6:30 p.m. – 8:30 p.m. 12:00 p.m - 2:00p.m.

The Schaumburg CRC
505 N Springinsguth Rd
Schaumburg, IL 60194

Discuss home buying with industry experts including a Licensed Realtor, Loan Officer, Real Estate Attorney and Licensed Home Inspector

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School Reports in Schaumburg, Hoffman Estates and Bartlett, Illinois

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Interest Rates >Second Home Financing

You have returned every year to your favorite vacation area, and have finally decided to buy a second home in the special place where you enjoy your holidays. It is an excellent time to apply for a mortgage loan to make your purchase.

The climate for second home mortgages is the most favorable in years. Low interest rates and a recovering economy have attracted more buyers than ever before to purchase a second home for investment and vacation purposes. Many homeowners with a strong credit history have been able to qualify for a home equity loan at excellent rates, and have used their equity cash for down payment and closing costs on a second home.

Lending institutions are offering a wide range of affordable home loans. The rule of thumb is that a buyer can qualify for a loan amount based on 28 percent of their gross income. Often repeat buyers discover that they can borrow more than they assumed possible.

If you wish to take advantage of today's reasonable interest rates to purchase a second home, consult a real estate professional who can help to make your dream a reality.

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Q	During what great land boom (1919) did investors pay up to $25,000 for lots that had not yet been dredged up from the ocean?
A	The Florida Land Boom--Carl Fisher founded Miami Beach that year and brought hundreds of investors to the state.
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Joe Stacy, REALTOR®, real estate agent and broker for Schaumburg, Hoffman Estates and Bartlett, Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Joe Stacy
Koenig & Strey Real Living
2570 W. Schaumburg Rd
Schaumburg, IL 60194
Main: 847-874-6731
Fax: 866-835-1124
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