Certainly sunny day real estate information is important to consider while you evaluate your options. Here are some resources to help you along the way:

For Sale By Owner
By J. Charleston
Nearly everyone who sells their house goes out and gets a right away. But this isn’t always the most economical way to get your house sold. Realtors charge an average of 6% commissions on the total price your home sells for. With the average price of homes well over $250,000, that can be as much as $15,000! And it only goes up with the price of your home.

In many cases, the commissions you pay a can be as much as you’ve paid toward your house so far. Or it could also be as much as your house has appreciated in value. That means you can live in your house for a few years, sell it, and come out no further ahead than you were to start. You may as well rent for that matter!

Most people choose to use a because they are afraid to sell their own home. But knowledge is power. If you learn even just a little about selling your home, you can do most of the selling on your own and come out ahead. For this reason, more and more houses are coming out on the market with the “For Sale by Owner” signs now than ever before.

Any money you can save on selling your home can be used for the down payment on your next home. Since you’d probably like to retire someday and own your home outright, this will only benefit you.

In addition to saving the money, choosing

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.

the route of “For Sale by Owner” can empower you with the option of lowering the price to make a quick sale. Even if you lower your price by 2%, you’ll still come out ahead. Remember, a will take about 6% in commissions. So you can still save 4% of the purchase price of your home... that’s $10,000 on a $250,000 home.

Plus you’ll get the added benefit of selling your home much quicker. If it’s a buyers market, this can make the difference between selling your home in 30-days or waiting 10 months or more!

Please note that the phrase, “For Sale by Owner” is a little misleading. You’ll actually still need a few key players to get the job done. It won’t just be you and you alone. Unless you can pay cash for your next home (don’t we all wish), you’ll need a lender. And you’ll also need a title company or in some locations, what’s called a real estate attorney. In reality, you would need these two players even if you choose to use a realtor.

Avoid paying high commissions. It’s your house; keep the money you’ve invested into it! Learn a little more about the “For Sale by Owner” trend here.