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3 Reasons To Hire A Realtor To Help You Buy A Home!
By Kris Bickell
Buying a home is one of the most stressful – and exciting – events most people will ever experience.

If you’ve never bought a home before, hiring a to help you through the home buying process is practically a must!

Even if you’ve gone through the home buying process before (especially if you’ve gone through it before) you know that it is a good idea to hire a to help you find your new home.

There are so many details involved with purchasing a house, that having a to help you remember them all will minimize the chances that you will “get taken for a ride”. Housing prices right now are the highest they’ve ever been – so even a small mistake or misunderstanding can be VERY costly!

Here are 3 good reasons to hire a (and NOT the same one selling the home!) to help you buy a home:

1) It does not cost you, the buyer, anything. While most realtors will ask you to sign a contract, there is usually no cost involved. If you are asked to pay a small fee, ask that it be waived, especially if this is your first time buying a house. But having a help you avoid just one mistake could save you a SIGNIFICANT amount of money!

2) The advice of a professional is often very valuable. Buying real estate can be very complex – not knowing all the rules can put you at a disadvantage.

Illinois and Wisconsin Mortgage Rates as of 08/28/2008 9:59 AM CST : Current Mortgage Rate Trend: steady
30 Year fixed: 6.500% (6.565% APR) 15 Year Fixed: 6.000% (6.105% APR) 3/1 Jumbo ARM: 7.000% (7.165% APR) 5/1 Jumbo ARM: 7.375% (7.543% APR) 5/1 ARM: 6.250% (6.313% APR) 3/1 ARM: 6.250% (6.313% APR) 30 Year FHA and VA: 6.500% (6.564% APR) 30 Year Rural Housing: 6.750% (6.815% APR) 3/1 ARM Lot Loan: 6.875% (7.034% APR) 1/1 ARM Lot Loan: 6.725% (6.882% APR)
Illinois and Wisconsin Mortgage Rates as of 08/27/2008 9:59 AM CST : Current Mortgage Rate Trend: steady
30 Year fixed: 6.500% (6.565% APR) 15 Year Fixed: 6.000% (6.105% APR) 3/1 Jumbo ARM: 7.000% (7.165% APR) 5/1 Jumbo ARM: 7.375% (7.543% APR) 5/1 ARM: 6.250% (6.313% APR) 3/1 ARM: 6.250% (6.313% APR) 30 Year FHA and VA: 6.500% (6.564% APR) 30 Year Rural Housing: 6.750% (6.815% APR) 3/1 ARM Lot Loan: 6.875% (7.034% APR) 1/1 ARM Lot Loan: 6.725% (6.882% APR)
Effective July 14, 2008 FHA mortgage loans will charge new mortgage insurance premiums
Effective July 14, 2008 FHA mortgage loans will charge new mortgage insurance premiums based on a combination of credit scores and percentage down. FHA will implement risk-based premiums on one- to four-unit single family mortgages.
Illinois First Time Home Buyer Mortgage Wisconsin First Time Home Buyer Loans
We pride ourselves on being able to assist the first time home buyer in learning and understanding the process. We take the time to review the credit process and explain the various lender programs available.
Illinois FHA Mortgage Wisconsin FHA Mortgage (Federal Housing Administration)
Ameristar Mortgage offers Illinois and Wisconsin FHA mortgage loans to Wisconsin and Illinois residents: Purchase a home thru FHA with no money down (100% financing). Cash our refinance with an FHA mortgage to 95%. Ameristar Mortgage is an approved mortgage broker for FHA loans in Wisconsin and Illinois including Chicago, Milwaukee and Madison.
Illinois and Wisconsin Jumbo Bank Statement Mortgage Program
Due to ever changing guidelines to the stated income program Ameristar Mortgage now offers jumbo bank statement mortgage programs to $1,500,000 available to Wisconsin and Illinois residents.
Illinois and Wisconsin Core Bank Statement Mortgage Program
Due to ever changing guidelines to the stated income program Ameristar Mortgage now offers core bank statement mortgage programs to $750,000 available to Wisconsin and Illinois residents.
It's Official! Illinois 2008 FHA Loan Limits to Rise!
FHA has increased the loan limits to $410,000 for single family homes in Cook, Dupage, Dekalb, Grundy, Kane, Kendall and Lake counties. The increase should provide some relief for homeowners paying adjustable or high mortgage rates. The measure is temporary, and will be available until the end of 2008.
Illinois Freddie Mac Home Possible Wisconsin Home Possible Mortgage Loan
Home Possible is a Freddie Mac program that has very flexible credit guidelines for low to moderate income borrowers. It's available to purchase or refinance a single family home, condominium, or a 2?4 family home.

Plus, having an extra set of eyes and ears to help you look out for problems (and opportunities) can make a BIG difference.

3) There are many steps involved, and when you are excited about a house, it’s easy to miss a step. Or make an offer that is too high (or too low). Or forget an item you wanted to negotiate. One simple mistake can easily cost you hundreds, even thousands, of dollars. And once contracts are signed, it is often too late to go back and fix something that was missed.

Sure, you can learn a lot about buying real estate from books and manuals found in your local bookstore and online:

• House hunting
• Making a reasonable offer
• Inspecting the house
• Negotiating
• Signing the paperwork

But once your emotions get involved – and your bank account – the home buying process can get very hectic. So having a realtor, one who know what you are looking for, and who knows the “ins” and “outs” of the process, is a step you should not pass over!

Kris Bickell is the owner of www.HouseBuying-Tips.com. For more tips on buying a house & and finding a realtor, sign up for How To Avoid These 10 Costly Mistakes When Buying Your First Home