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Real Estate Resources:

  • Special Offers - Special offers for Champaign, Urbana and University of Illinois at Urbana-Champaign homeowners from The Bechtel Group.

  • Affiliates - The Bechtel Group's real estate web site affiliates.

  • eNewsletter - The Bechtel Group's Champaign, Urbana and University of Illinois at Urbana-Champaign newsletter email will send you the latest real estate information.

  • Today's Real Estate News - Daily real estate news for this neighborhood, Illinois, and United States.

  • Market Conditions Report - Market conditions report for this area, Illinois, and United States.

  • Monthly Payments & Schedule - Monthly loan payments java mortgage calculator.

  • How Much Can You Afford? - Calculate how much home you can afford with this financial calculator.

  • Determine Tax Savings - Calculate how much your monthly Champaign, Urbana and University of Illinois at Urbana-Champaign, Illinois mortgage payments save you on your taxes because of loan interest.

  • Should You Rent or Buy? - Is it better to rent a home in Illinois or buy your own Champaign, Urbana and University of Illinois at Urbana-Champaign house, ranch, luxury property, condominium, acreage, or other real estate?

  • Adjustable Rate Mortgages - Adjustable rate Champaign, Urbana and University of Illinois at Urbana-Champaign mortgages information and interest rate java calculator.

  • What Is Your APR? - Determine the Annual Percentage Rate (APR) for your mortgage.

  • Fixed or Adjustable Rate Mortgage? - Use this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM.

  • Are Balloon Mortgages For You? - Balloon mortgage calculator. A balloon mortgage can be an excellent option for many home buyers.

  • 15 vs. 30 Yr Mortgages - With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms.

  • How Much Should Your Income Be? - What income is required to qualify for a mortgage? Use this calculator to find out.

  • What's Your Maximum Mortgage? - This calculator will help you determine your maximum monthly housing payment and the resulting mortgage amount.

  • Will Buying Points Save You Money? - This calculator helps you determine if you should pay for points, or use the money to increase your down payment.

  • TripleCalc - FREE Software Download: TripleCalc lets you compare three loans at one time for your property or other Illinois real estate.

  • Top National Real Estate Web Sites - Real Estate Web Sites that include some unique sources of realty information, listings, and more.

  • Ask Anything - Ask The Bechtel Group anything real estate.

  • NUMBER1EXPERTS - List of all the NUMBER1EXPERT real estate agents and realty professionals and brokers in the USA and Canada with links to their personal web sites with homes for sale.

  • Real Estate Tips - The Bechtel Group's realty library of real estate tips and advice on everything from preparing your home for sale to negotiating with home buyers to escrow, closing costs, property inspections, and mortgage brokers.

  • Real Estate Trivia - The Bechtel Group's collection of real estate trivia questions and answers that include real estate topics such as the most expensive home, largest swimming pool, and more.

  • Real Estate Dictionary - Complete real estate dictionary and glossary of realty words you'll use when you list and sell your Champaign, Urbana and University of Illinois at Urbana-Champaign property in Illinois, including legal terms definitions, and more.

  • Go to Main Sitemap - Main sitemap sections include Find Champaign, Urbana and University of Illinois at Urbana-Champaign Homes, For Home Buyers, For Home Sellers, Champaign, Urbana and University of Illinois at Urbana-Champaign Information, Real Estate Resources, and About The Bechtel Group.

 

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School Reports in Champaign, Urbana and U of I at Urbana-Champaign, Illinois
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Real Estate Tips
Financing Your Home >Home Buyers Education

As the number of mortgage lenders increases, competition forces lenders to get more creative in finding ways to lend people money. This often takes the form of giving homebuyers a "break" in the down payment. The downside of this approach is that statistically, the smaller the down payment, the more likely the borrower will default. Lenders have put together an education program to prevent delinquencies, which fills a much-needed gap in the increasingly complex world of home finance.

Home buyer education classes focus on a variety of money management topics, including all the costs connected with obtaining and owning a home. One lender got together with FANNIE MAE (a government-sponsored loan guarantor) to launch a 3 percent down payment loan which requires participation in this education course. Other lenders have shown a decline in the default rate with five percent loans that are associated with similar education courses.

See All Tips In The "Financing Your Home" Category >
See Complete Library Of Hundreds Of Tips In 30+ Categories >

Real Estate Trivia
Q 
What famous building receives a fresh coat of 300 tons of reddish-green paint every seven years?

A 
The Eiffel Tower in Paris, France.
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The Bechtel Group, REALTOR®, real estate agent and broker for Champaign, Urbana and University of Illinois at Urbana-Champaign, Illinois home listings, property and land for sale - NUMBER1EXPERT

The Bechtel Group
Keller Williams Realty

821 South Nell Street
Champaign, IL 61820
217-239-7110
Fax: 217-356-6116
info@bechtelhomes.com


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