Chicago Western Suburbs, Rockford and Bloomingdale real estate and homes for sale in Illinois - Debbie Maxvold, REALTOR® Debbie Maxvold REALTOR(r) for Chicago Western Suburbs, Rockford and Bloomingdale, Illinois real estate - NUMBER1EXPERT™ Debbie Maxvold NUMBER1EXPERT(tm) for Chicago Western Suburbs, Rockford and Bloomingdale, Illinois real estate
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Debbie Maxvold, REALTORŪ, real estate agent and broker for Chicago Western Suburbs, Rockford and Bloomingdale Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)


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Real Estate Tips
First Time Buyers >The Down Payment

Perhaps no single decision in a real estate purchase has more variables than "How much money do I put down?" Conventional wisdom centers around either putting down as much as you can or as little as the lender allows.

If you put down a large payment, you get some leverage with the lender, such as little or no mortgage insurance, a good equity position, and perhaps a preferred mortgage deal. You will also have lower mortgage payments. One potential disadvantage of a large down payment is that you will be using after-tax dollars on which you could be earning interest. You will also have less tax-deductible interest.

When you buy a home with a low down payment, you will have more tax deductible interest, and your investment value percentage will increase faster. You will have little equity at the outset, and your monthly mortgage payments (and perhaps your interest) will be higher. However, you will also keep more of your own money in hand to potentially earn more interest in other investments.

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Real Estate Trivia
Q 
What three things are necessary in order to purchase a home?

A 
Some cash, a dependable income and good credit. If you fall short, don't despair--homeownership may still be possible.
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Debbie Maxvold, REALTORŪ, real estate agent and broker for Chicago Western Suburbs, Rockford and Bloomingdale Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Debbie Maxvold
RE/MAX Accord

142 E. Lake Street
Bloomingdale, IL. 60108
630-893-7860
630-769-5914
Fax: 630-893-1840
Email: debbiemaxvold@NUMBER1EXPERT.com

Debbie Maxvold, Broker/Owner of Re/Max Accord in Bloomingdale, has long been recognized as one of the top real estate agents in suburban Chicago. Her list of satisfied past clients include several builders, including American Homes, Bongi, and Pulte Homes. She attributes her success to carefully listening to her clients needs and striving to exceed their expectations. Debbie and her staff stay up-to-date on current marketing trends and utilize the latest technology available. However it is their honest and caring attitude that continues to bring customers back again, as well as refer Debbie to their friends and neighbors. Whether you are moving across the street or relocating across the country, you will be in good hands if you have Debbie help you make your move.


RE/MAX Accord real estate and homes for sale in Chicago Western Suburbs, Rockford and Bloomingdale Illinois

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