Page 63 - October 2019 FOP

A contribution from a Chicago Lodge 7 Magazine sponsor
Why low mortgage rates might make it the right time for you
Proud Family of CPD & CFD
Are you a homeowner or homeowner-to-be? With to bank on the same lower rates when trading up to their next mortgage interest rates currently around 4 percent, home, so it’s a win-win.
LISA SANDERS
Condolences to the family and friends of Paul Escamilla and to
now presents a huge opportunity to invest in real es- No plans to buy or sell? Consider refinancing our mourning community.
tate. Lower rates lend themselves to lower monthly payments in
Lowerratesmakebuyingah“omemoreaffordable most cases, which is good news for homeowners. Refinanc-
The Federal Reserve recentlFyrolmowstaegreindg oraurtehsouse to the closing itanbglec, an improve your finances in a number of ways, from
for the second time since July, eLnisabwliansgthme oberts-t. After just two days onftrheeing up money each month to allowing you to tap
gage lenders to offer homebuyers some of into home equity for renovations to improve the value market, we had multiple o and sold for
the lowest interest rates in the last decade. of your home. It’s important to keep in mind that refi- $10,000 over the askin . I couldn’t
Leveraging lower rates means more buying
nancing isn’t always in your best interest — there could
power if you’re on the hunt for a new home. You may find you’ll be able to comfortably
Let me get incredible results for you! Ask about my
be fees involved or penalties to consider — so it’s always
NORWOOD PARK
best to consult your lender before deciding.
Not sure where to start? Reach out to a trusted real estate
professional for some guidance. Your local broker will have the
market knowledge and expertise to help you make the decision
that’s right for you and your real estate goals.
increase your budget and get more home for your money, since you won’t have to pay as much in interest each month.
Lower rates also mean savings over time. For example, with rates
being about 2 percent lower than expected, you could save over
773.398.0378 | lisasanders.sold@gmail.com | LisaSandersGroup.com $300 a month on a $350,000 loan with 10 percent down.
be more pleased.
Real Estate
Preferred Rate for all CPD.
ffers g price
-Amy, CPD Client
Existing homeowners benefit, too Lisa Sanders of Dream Town has been selling real estate for over a EVANSTON: 1567 MAPLE | CITY-NORTHWEST: 7280 W. DEVON | LINCOLN PARK: 1950 N. SEDGWICK | LINCOLN SQUARE: 4553 N. LINCOLN
Sellers also benefit greatly from these lower rates, in perhaps some unexpected ways. Lower rates make buying a home more attractive, which can lead to more potential buyers in the mar- ket. Since they won’t be paying as much interest on their future mortgage, they may have more room in their budgets to spend a little more on a home — which could afford sellers a higher sale price. Planning on purchasing a new home? Sellers will be able
decade, averaging at least 50 homes per year. Her awards include Chicago Association of Realtors Top 1 Percent Producer, Five Star Professional Award for exceptional client service, as well as being featured in Crain’s Chicago Business as one of the Most Notable Residential Realtors in Chicago. Lisa is also the #1 Realtor in 60656 and a top-selling broker in 60631 and has helped many Chicago Police Department clients buy and sell homes throughout the city.
CHICAGO LODGE 7 ■ OCTOBER 2019 63
JUST SOLD!
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