Chicago housing is a steal. Ready to make your move?

January 17 2019


There’s great news for would-be Windy City homebuyers. According to new data, Chicago’s housing -- along with that of its surrounding suburbs -- is the most undervalued in the entire nation. Add in the season’s lower buying demand along with increasing price cuts, and there’s never been a better (or more affordable) time to buy a home.

Are you ready to leverage these prime conditions and buy in? Then you should start getting organized now. Here’s how:

1. Gather your financial documents. 
Start collecting these important records:

  • Your two most recent tax returns and W-2 forms
  • One month’s worth of pay stubs, 1099 forms or other proof of income
  • Two months of bank account statements and other financial docs

If you have assets like stocks, bonds, a 401(k) or other retirement investments, make sure to gather documentation of those as well. 

2. Research your mortgage options. 
Explore the variety of loan products available, as well as the required down payment for each type. A loan officer can help you determine if you want a fixed or adjustable rate mortgage and the loan terms that would be right for your financial situation.  

3. Get prequalified for your loan. 
Getting prequalified for your mortgage loan not only gives you an accurate price range to base your home search on, but it also makes the final mortgage application process easier and more efficient. Being prequalified also shows sellers that you’re a serious buyer with financing available.

Now is the perfect time to buy a home in Chicago. Want to make sure you’re ready? Then reach out today -- I'll prequalify you and guide the way.

Whether you are buying, selling, or refinancing, it is important to have an experienced mortgage professional to help you analyze your financing options, and make sure the closing goes smoothly. As a loan officer with Midwest Community Bank, I have the expertise and experience to get you the right mortgage, and to handle your transaction professionally. With my experience, and our rates and programs, you are sure to get the mortgage that is right for you. Please remember to get me involved early on in your home-buying process. Starting the Process not only gives you a better idea of what you can qualify for, it also gives you a stronger negotiation position when you find the home of your dreams.