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Chicago, Oak Park and River Forest Information:
About Chicago - Moving to Chicago, Illinois? Get info here... About Oak Park - Moving to Oak Park, Illinois? Get info here... About River Forest - Moving to River Forest, Illinois? Get info here... School Reports - Reports for Chicago, Oak Park and River Forest schools kindergarten, elementary, and high schools. Relocating? - Free real estate information & relocation package if you're relocating to Chicago, Oak Park and River Forest, in County IL. Go to Main Sitemap - Main sitemap sections include Find Chicago, Oak Park and River Forest Homes, For Home Buyers, For Home Sellers, Chicago, Oak Park and River Forest Information, Real Estate Resources, and About OW Auction Group LLC.
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Home Inspections >Buyer Protection
There are situations in which you as a homebuyer may be in need of protection: here is one example. You have finally found the home that is right for you, but you have some questions about the structure and condition of the home. A home inspection is the best place to get answers that will help protect your interests as a buyer. There are companies that specialize in inspecting new and used homes. Most sellers allow a reasonable amount of time to have the property inspected after the purchase agreement is agreed upon and prior to closing. It is wise to have a home inspection, even if the house is new or everything appears to be in perfect condition.
The inspector can provide important information about the house. Where are the gas and water shut-off valves? How do the circuit breakers operate? What type of routine maintenance should be done for each system? The inspector's fee is an investment that can save you money later!
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| Q |
What is a Balloon Mortgage?
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| A |
A balloon is a short-term mortgage which requires the entire balance of the loan to be re-paid at the end of the loan term.
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