Hello guys. I'm currently looking to buy a house and weighing our options between new and old houses. The prices are very close in this market so we decided to go for a new house. Would you pay this amount for this house in yorkville, IL. Will qualify for a loan after making 40k down payment. Also, is there a way to get a private loan with lower interest rate against my unvested stocks? Please any financial expert here or someone who has gone through this. Tired of paying for rent. TC: 120K #mortgage #housing #Illinois #FirstTimeHomeBuyer
Seems expensive for the area
Yorkville is the growing city in Chicago suburbs, new SFH are coming up in Oswego , Yorkville and Plainfield area are most of them are in the same range , your best bet is to look for quick move in sometimes builders spend too much money on quick movein because they have already decided the model and internal architecture so if you are flexible you may get a deal on those otherwise not much deals are available we just booked in MI homes piper glen community after research of like 6 months
As long as the total monthly payment (mortgage, taxes, insurance, PMI) is less than 25-30% of your gross pre-tax income. Looks great!