Keep an eye on interest rate fluctuations before making a purchase. Consider the right time to lock in your interest rate, as ↓ 0.5% interest rates can save mortgage holders thousands of dollars over loan terms. Keep your dream house in mind as well as the amount of loan you can get when searching for a house. Submit an offer letter showing the purchase amount you’re willing to pay. Most sellers in Illinois are required by law to disclose the home’s condition to potential buyers using a standard form.
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