Bradford Miller Law, P.C. Chicago Real Estate Attorney, Chicago Short Sale Attorney: Advantages of a 20% Down Payment

Thursday, April 24, 2014

Advantages of a 20% Down Payment

Saving for your first home can be hard but putting 20% down has it's advantages:

A 20% down payment is viewed as ideal by lenders because you are investing a significant amount of your own money in your home. The lenders risk is reduced making it easier to obtain a loan.
You eliminate the need for private mortgage insurance. PMI provides insurance to the lender in case you default on your loan. This is an additional monthly expense added to your mortgage payment that you will not have to pay.
A 20% down payment will qualify you for a slightly lower interest rate.
You instantly have 20% equity in your home, which you can get back as part of your profit when you sell or borrow against in the future.

Our experienced Real Estate Attorneys have been representing buyers for several years and have earned membership in the Better Business Bureau. Once you decide to purchase a home, Bradford Miller Law can help you with your transaction at a very reasonable rate. Feel free to visit our website for information about our firm and information about buying a home. If you have any questions about the process, give our office a call.

Posted by Bradford Miller Law, P.C.
134 N. LaSalle Street, Suite 1040
Chicago, IL 60602
312-238-9298

http://www.bradfordmillerlaw.com

Offering free legal representation to homeowners seeking a short sale

Key words: Chicago short sale attorney, Chicago residential real estate attorney, Chicago landlord tenant law attorney, Chicago eviction attorney, Chicago estate planning attorney, Estate Lawyer, Chicago real estate attorney, Chicago real estate lawyer, Chicago building code violations, Chicago leases, Chicago real estate attorney fees. This is intended to be advertising. Please consult with an attorney before acting on any information given here.

FREE SHORT SALE HELP

Are you "under-water" in your home? Do you owe more then the property is worth? You should consider doing a short sale. Chicago short sale attorney Bradford Miller offers free legal representation to homeowners doing a short sale. The first step is to call Attorney Bradford Miller for a free 15 minute phone consultation. If we accept you as a client, our representation will be free to you and its possible you will even receive some money to help you relocate. Homeowners should know what their options are and what to expect. Call Mr. Miller today at 312-238-9298.

CHICAGO REAL ESTATE LAW BLOG

Bradford Miller Law, P.C. focuses on real estate law, landlord tenant law and estate planning. This is the chicago real estate law blog. If you are interested in reading about landlord tenant law, visit that blog at http://chicagoltlaw.blogspot.com/. If you are interested in estate planning, visit http://chicagoestateplanning.blogspot.com/. The law firm's main website is www.bradfordmillerlaw.com.

This blog will focus on real estate law in the Chicagoland area. Topics include real estate transactions ("closings"), closing costs, and real estate taxes, among other things.

Helping people in this distressed real estate market

Whether you live in Chicago, Berwyn, Orland Park, Naperville, or another suburb, Bradford Miller Law, P.C. can provide the legal representation you need. Short sales are becoming more and more prevalent, currently making up approximately 35% of the market. Sellers need to understand what a short sale is and what the consequences may be. Mr. Miller offers a free 15-minute phone consultation to any homeowner contemplating a short sale.

Bradford Miller Law, P.C. also offers representation to traditional sellers. Sellers can find a variety of information at http://www.bradfordmillerlaw.com/ under the "Sellers" section. Mr. Miller offers a free 15-minute phone consultation to any homeowner looking to sell their property.

Buyers, and especially investors, are taking advantage of the real estate market. Bradford Miller Law, P.C. offers comprehensive legal representation when making a purchase. Call for a free 15-minute phone consultation.