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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 630-617-6038.
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Get Free Presentation On My Home Marketing. Before signing a contract with any REALTORŪ, make sure you know EXACTLY how your home will be marketed. Find Out More > View All Offers >
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Compare three mortgages at one time.
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Marilyn Kosik is one of The Top
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Request My Free Relocation Package. Don't Move To Elmhurst, Lombard and Villa Park Without It!  Moving your family to another town or state is a major event in your life! I have helped many families and individuals relocate to and from the Elmhurst, Lombard and Villa Park, Illinois area. If you will be moving to the Elmhurst, Lombard and Villa Park area, we can correspond by email and phone. Together, we'll determine what type of home, price range, and neighborhoods you are interested in. I'll send you every home or property that is currently available that matches your criteria. When you visit, I'll be ready! We will visit the Elmhurst, Lombard and Villa Park neighborhoods and homes that interest you the most. In addition, we can talk about schools, sub-divisions, local market conditions, local culture... anything that is important to you. Remember: As a top Elmhurst, Lombard and Villa Park REALTORŪ, it's my job to know this area inside and out, and I want to make your transition as smooth as possible.  Are you new to the area? Request my FREE package of Elmhurst, Lombard and Villa Park relocation information. It's my job to help! There's no obligation, and I promise to respond quickly... 
Financing Your Home >Hybrids Offer Low Rates
In the field of home financing, "hybrid" mortgages have grown in popularity with homebuyers. With interest rates gradually rising in today's market, the hybrid mortgage product saves money, provides a period of fixed-rate security and helps buyers qualify for financing.
Hybrid mortgage loans offer a very low fixed-rate for a period of time, usually from 5 to 7 years, then revert to an adjustable rate mortgage (ARM) for the remainder of the term of the loan. The interest rate is typically lower than with a 30-year fixed-rate loan, and the borrower has the assurance that the rate will not change for a period of years. Such a loan works well for buyers who plan on reselling the home within a finite period.
Other specialty mortgages now available include an ARM loan with a provision allowing it to be converted to a fixed-rate loan when that is a practical step for the borrower. Still others offer an interest-only loan that requires payments to be made on the interest only for a specified number of years, then reverts to an amortized loan with interest and principal payments each month. Consult with an experienced mortgage professional to determine whether one of these loan products will meet your needs.
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| Q |
What are considered the ideal conditions for a buyer's market?
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| A |
In a buyer's market, there are more houses for sale than buyers, homes take longer to sell, and sellers may have to cut prices. |
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