“We are very appreciative of the efforts you made"
"You were professional and conscientious and our house sold in 3 days!"
—Kathleen & Lou Wolf – Recent Home Sellers
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Before signing a contract with any REALTOR®, make sure you know EXACTLY how your home will be marketed.
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All agents are NOT alike! Find out why we are top real estate experts. Call Suzanne & Liz Luby today.Suzanne: 847-922-7773Liz: 847-691-3150
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 Compare three mortgages at one time.
Download TripleCalc now. It's free. |
The Luby Group is one of The Top
Selling Real Estate Experts™
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Special Offers: Special offers for Chicago Northwest Suburbs,
Barrington, Palatine, Arlington Heights, homeowners from The Luby Group, top
Realtor |
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Resources & Referrals: The Luby Group's real estate web site
affiliates |
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eNewsletter: The
Luby Group's Chicago Northwest Suburbs, Barrington, Palatine, Arlington
Heights, newsletter email will send you the latest real estate
information |
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Today's Real Estate News: Daily real estate news for this neighborhood, Illinois, and United
States |
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Market Conditions Report: Market
conditions report for this area, Illinois, and United States |
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Monthly Payments & Schedule: Monthly loan payments java
mortgage calculator |
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How Much Can You Afford?: Calculate how much home
you can afford with this financial calculator |
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Determine Tax Savings: Calculate how much your
monthly Chicago Northwest Suburbs, Barrington, Palatine, Arlington Heights,
Illinois mortgage payments save you on your taxes because of loan
interest |
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Should You Rent or Buy?: Is it better to rent a
home in Illinois or buy your own Chicago Northwest Suburbs, Barrington,
Palatine, Arlington Heights, house, ranch, luxury property, condominium,
acreage, or other real estate? |
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Adjustable Rate Mortgages: Adjustable rate Chicago
Northwest Suburbs, Barrington, Palatine, Arlington Heights, mortgages
information and interest rate java calculator |
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What Is Your APR?: Determine the Annual Percentage
Rate (APR) for your mortgage. |
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Fixed or Adjustable Rate Mortgage?: Use this calculator to
compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and
an Interest Only ARM. |
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Are Balloon Mortgages For You?: Balloon mortgage calculator.
A balloon mortgage can be an excellent option for many home
buyers. |
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15 vs. 30 Yr Mortgages: With a 15 year mortgage you will pay
significantly less interest, but only if you can afford the higher monthly
payment. Use this calculator to compare these two mortgage
terms. |
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How Much Should Your Income Be?: What income is required
to qualify for a mortgage? Use this calculator to find out. |
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What's Your Maximum Mortgage?:This calculator will help you
determine your maximum monthly housing payment and the resulting mortgage
amount. |
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Will Buying Points Save You Money?:This calculator helps you
determine if you should pay for points, or use the money to increase your down
payment. |
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TripleCalc: FREE Software Download: TripleCalc lets you compare three loans at
one time for your property or other Illinois real estate |
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Top National Real Estate Web Sites: Real Estate Web Sites
that include some unique sources of realty information, listings, and
more |
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Ask Anything: Ask The Luby Group anything real estate |
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NUMBER1EXPERTS: List of all the NUMBER1EXPERT real estate agents and realty
professionals and brokers in the USA and Canada with links to their personal
web sites with homes for sale |
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Real Estate Tips: The Luby Group's realty library of
real estate tips and advice on everything from preparing your home for sale to
negotiating with home buyers to escrow, closing costs, property inspections,
and mortgage brokers |
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Real Estate Trivia: The Luby Group's collection of real estate trivia questions and
answers that include real estate topics such as the most expensive home,
largest swimming pool, and more |
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Real Estate Dictionary: Complete real estate
dictionary and glossary of realty words you'll use when you list and sell your
Chicago Northwest Suburbs, Barrington, Palatine, Arlington Heights, property in
Illinois, including legal terms definitions, and more |
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Financing Your Home >Financial Help
Escalating home prices often cause many first-time buyers to seek help from their families for the down payment on a new home. If your parents are providing financial assistance for the purchase of a home, it is important that you have very clear agreements with them about the conditions under which their help will be provided.
Sit down with your parents to discuss the details of the arrangement. Is the money they are providing a gift or a loan? If it is a gift, be sure to check with your tax expert to minimize the tax implications. If your parents are loaning the money for the down payment, how will it be paid back? Will there be joint ownership with an equity-sharing agreement? Will your parents be named on the ownership papers with you? Are special documents needed?
Whatever form it takes, parents who help their children buy a home give them an incredible gift!
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Who is "Freddie Mac", and why is he a big name in real estate?
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"Freddie Mac" is the nickname for FHLMC, the Federal Home Loan Mortgage Corporation, which buys mortgages from lending agencies, thus allowing lenders to continually replenish funds for new mortgage loans. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
