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Illinois Mortgages (IL)The Illinois Association of Realtors reports that residential sales early in 2006 were above a year ago. “Realtors report a good start for the housing year in Illinois with prices continuing to make gains at modest, healthy levels and activity improving in the single-family market,” said Stan Sieron, CRS, GRI, president of the Illinois Association of Realtors. “Economic factors that affect the housing market in Illinois—such as jobs and consumer spending—have been improving modestly as well and demand for homeownership remains strong.” Mortgage rates fell slightly in early April, making this a good time to purchase or re-finance a home in Illinois. Quick Illinois Housing factsPercent of Illinoisans who own a home: 67.3%Percent of Renters in Illinois: 32.7% Median Illinois Household Income: $44,421 Best City to live in Illinois: Naperville, Illinois How much house can I afford in IllinoisOne of the biggest problems facing Illinois homebuyers is figuring out how much house you can afford. We have some great mortgage calculators that can help you figure how much home will fit into your monthly budget. We work with many different lenders to try and provide you with the best mortgage and refinance options for Illinois residence.So if you are looking to refinance, buy a new or second home, or need to access your home’s equity; Bradford Mortgage can help.
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