Listing Details: Arlington Heights, Mount Prospect and Des Plaines, Illinois Real Estate Listings & Homes For Sale Provided by John Campobasso

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These properties presented by John Campobasso of Keller Williams Team Realty
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New Listing - Cheaper than rent asking 39,900

$44,900 must sell make offer

Photo of 1475 Rebecca, Hoffman Estates, IL, 60194.

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Address: 1475 Rebecca	City/ST: Hoffman Estates, IL	Zip Code: 60194
Location: Hoffman Estates	Property Type: Condo	New or Resale: Resale
Bathrooms: 1	MLS# 07392265	Property Tax: 674

Free heat water gas cooking. Cheaper than rent. Up to 8,000 free tax credit. Awesome studio with new carpet new blinds. 3rd floor. Loads of closet space. Glass shower doors. All appliances. assigned parking. Close to shopping and I90. Just minutes to Woodfield. Clubhouse and pool for your enjoument

Last Updated: 4/14/2010 8:58:40 AM

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Financing Your Home >Hybrids Offer Low Rates

In the field of home financing, "hybrid" mortgages have grown in popularity with homebuyers. With interest rates gradually rising in today's market, the hybrid mortgage product saves money, provides a period of fixed-rate security and helps buyers qualify for financing.

Hybrid mortgage loans offer a very low fixed-rate for a period of time, usually from 5 to 7 years, then revert to an adjustable rate mortgage (ARM) for the remainder of the term of the loan. The interest rate is typically lower than with a 30-year fixed-rate loan, and the borrower has the assurance that the rate will not change for a period of years. Such a loan works well for buyers who plan on reselling the home within a finite period.

Other specialty mortgages now available include an ARM loan with a provision allowing it to be converted to a fixed-rate loan when that is a practical step for the borrower. Still others offer an interest-only loan that requires payments to be made on the interest only for a specified number of years, then reverts to an amortized loan with interest and principal payments each month. Consult with an experienced mortgage professional to determine whether one of these loan products will meet your needs.

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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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John Campobasso, REALTOR�, real estate agent and broker for Arlington Heights, Mount Prospect and Des Plaines, Illinois home listings, property and land for sale

John Campobasso
Keller Williams Team Realty
800 E Northwest Hwy
Palatine, IL 60074
888-221-7653
Fax: 847-241-2225
info@kwnwonline.com

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