Don't Forget To Request A Quick Status Report On Any Homes Or Properties That Interest You! It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request our free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. The Status Report that you'll receive by email will also include other important information that has been left out or that is available to us through our professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. Remember: As top Peoria, Dunlap and Germantown Hills area real estate agents, it's our job to know more about a property than any web site. Make sure you have the most current information! 
Buyers Remorse >First Time Loans
Most first-time buyers can qualify for a mortgage loan, but they may need help from parents to make the down payment or closing costs on their home. There are loan programs that minimize the down payment and closing costs for first-time buyers. These programs usually require that 3 to 5 percent of the purchase price come from the buyers' funds, not from a loan or gift. Most lenders ask for the last three months' bank records. The borrower will be asked to reveal the origin of any large deposits. If the money comes from the homebuyer's parents, the lender may not consider those funds when qualifying the buyers.
Parents who are planning to help their children finance a home should transfer any funds several months before the house-hunting process begins. If it is a loan rather than a gift, a formal re-payment agreement should be drawn up between parents and children to eliminate potential misunderstandings or future complications with either estate.
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What is an encumbrance against a property, which may be voluntary or involuntary?
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There are many different kinds of liens: a tax lien, a judgment lien, a mortgage lien, and a mechanic's lien. |
 See More Real Estate Trivia > |
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Christine Schauble and the Schauble Team
Keller Williams Premier Realty
2426 W Cornerstone Court
Peoria, IL 61614
Phone 1: 309-693-SOLD (7653)
Phone 2: 309-208-9900
Fax: 309-282-0202
christine@christineschauble.com
My goal, as your full service real estate specialist in the Peoria, Woodford, and Tazewell counties, is providing you with superior service at all times. My local expertise and extensive real estate experience will benefit you greatly when you’re buying or selling a home. Having lived in and around Peoria all of my life, I know Central Illinois has a lot to offer. I consider this community an excellent place to reside, and I would love to share with you my enthusiasm for the many neighborhoods that encompass it. Priding myself on unparalleled service, I look forward to developing a long-term relationship with you. Contact me today to discuss how I can best assist you with your real estate needs.    
 
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