First-Time Homebuyer's Guide | AOL Real Estate

 

Mike Valdez fits the profile of a savvy first-time homebuyer perfectly. A 34-year-old financial analyst from New Rochelle, N.Y., he and his family had grown sick of living the renter's life. So two years ago he decided to test the market and find a townhouse for his growing family. But despite his financial aptitude, he quickly ran into a setback.
"We found a place we liked and ran the numbers," he says, but the young couple soon discovered that they had underestimated the burden of their college debt. They were forced to back out.

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How Low Can They GO- Mortgage Rates That Is

The average interest rate on a 30-year, fixed-rate mortgage reached 4.01% for the week ending Sept. 29, the lowest ever recorded on the Freddie Mac survey.

The 15-year FRM also averaged a record low 3.28% for the week. The new lows come after the Federal Reserve announced it would buy $400 billion of long-term Treasury bonds and reinvest in agency mortgage-backed securities in order to keep borrowing costs down.

Read On Provided by Housing Wire

Neal Paskvan Rated in the top in Downers Grove

BlockShopper Has Rated Neal Paskvan as one of the top 10  Realtors in Downers Grove!


Block Shopper Rating

Energy-Saving Projects to Strengthen Family Ties, Reduce Stress

Include the family in these energy-saving, kid-friendly home maintenance tasks, and you’ll reduce stress while strengthening family ties.

Special Thanks To Lisa Kaplan Gordon at HouseLogic
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A Tip on Keeping Cool

Something to check before you call the AC repair man

If you feel your AC is not really keeping up inside, with the hot outside, you may want to check your whole-house humidifier and make sure it is unplugged! Putting humidly into the air wile the AC is working to remove it is, well, not cool. Sometimes the humidity controls upstairs get stuck and don't really shut the humidifier down.

Neal Is a Full Time Broker Helping Home Buyers and Sellers Move ON and Move Up