Cary and Fox River Grove real estate and homes for sale in Illinois, Residential Real Estate - Bill and Luanne Hauck, REALTORS® Bill  and Luanne Hauck REALTORS(r) for Cary and Fox River Grove, Illinois real estate, Residential Real Estate - NUMBER1EXPERTS™ Bill  and Luanne Hauck NUMBER1EXPERTS(tm) for Cary and Fox River Grove, Illinois real estate, Residential Real Estate
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Real Estate Tips
First Time Buyers >The Down Payment

Perhaps no single decision in a real estate purchase has more variables than "How much money do I put down?" Conventional wisdom centers around either putting down as much as you can or as little as the lender allows.

If you put down a large payment, you get some leverage with the lender, such as little or no mortgage insurance, a good equity position, and perhaps a preferred mortgage deal. You will also have lower mortgage payments. One potential disadvantage of a large down payment is that you will be using after-tax dollars on which you could be earning interest. You will also have less tax-deductible interest.

When you buy a home with a low down payment, you will have more tax deductible interest, and your investment value percentage will increase faster. You will have little equity at the outset, and your monthly mortgage payments (and perhaps your interest) will be higher. However, you will also keep more of your own money in hand to potentially earn more interest in other investments.

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Real Estate Trivia
Q 
In what area of the United States did the price of existing homes increase most dramatically in 2005?

A 
Phoenix, Arizona real estate recorded a 55.2 percent increase in home prices during 2005.
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Bill  and Luanne Hauck, REALTORŪ, real estate agents and broker for Cary and Fox River Grove Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Bill and Luanne Hauck
RE/MAX UNLIMITED NORTHWEST

7107 Pingree Road
Crystal Lake
Il 60014
Office Direct: 847-624-3272
Office Main: 847-624-3272
Bills Cell Phone: 847-624-3272
Luannes Cell Phone: 224-875-4663
Fax Number: 847-516-0924
BillandLuanne@NUMBER1EXPERT.com
Bills Email: hauck@mc.net
Luannes Email: luanne@PreLovedHomes.com

"Let The Haucks Find You A New Nest" Welcome to our web site. We are Bill (agent)and Luanne (assistant) Hauck of RE/MAX Unlimited Northwest. We are the #1 Husband and Wife team at RE/MAX Unlimited Northwest, McHenry Counties largest selling real estate company. We go the extra mile to help you achieve your goals. That's why we constantly research the market and property values so your home is priced effectively from day one to coincide with our marketing plan getting you the most return on your investment. We also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers. Call or email us today!


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