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TAKE YOUR BUYING EXPERIENCE TO THE NEXT LEVEL 
"For real estate consumers, the one credential to look for is the Accredited Buyer Representative (ABR®) designation from the Real Estate Buyer's Agent Council of the National Association of REALTOR'S®" - Kiplinger's Personal Finance Magazine - A real estate Buyer's Agent represents the consumer, purchasing property in a real estate transaction. The agent owes full fiduciary responsibilities, duties and loyalty to the real estate buyer, thereby promoting and protecting exclusively the buyer client's interests.
10 Ways to Prepare for Homeownership
1. Decide what you can afford. Generally, you can afford a home equal in value to between two and three times your gross income. (subject to current economic conditions)
2. Develop your home wish list. Then, prioritize the features on your list.
3. Select where you want to live. Compile a list of three or four neighborhoods you’d like to live in, taking into account items such as schools, recreational facilities, area expansion plans, and safety.
4. Start saving. Do you have enough money saved to qualify for a mortgage and cover your down payment? Ideally, you should have 20 percent of the purchase price saved as a down payment. Also, don’t forget to factor in closing costs. Closing costs — including taxes, attorney’s fee, and transfer fees — average between 2 and 7 percent of the home price. (ask Mike for creative and acceptable ideas to save you closing escrow fees)
5. Get your credit in order. Obtain a copy of your credit report to make sure it is accurate and to correct any errors immediately. A credit report provides a history of your credit, bad debts, and any late payments.
6. Determine your mortgage qualifications. How large of mortgage do you qualify for? Also, explore different loan options — such as 30-year or 15-year fixed mortgages or ARMs — and decide what’s best for you. ask Mike for list of preferred lenders.
7. Get preapproved. Organize all the documentation a lender will need to preapprove you for a loan. You might need W-2 forms, copies of at least one pay stub, account numbers, and copies of two to four months of bank or credit union statements. 8. Weigh other sources of help with a down payment. Do you qualify for any special mortgage or down payment assistance programs? Check with your state and local government on down payment assistance programs for first-time buyers. Or, if you have an IRA account, you can use the money you’ve saved to buy your fist home without paying a penalty for early withdrawal. 9. Calculate the costs of homeownership. This should include property taxes, insurance, maintenance and utilities, and association fees, if applicable.
10. Contact Mike Schneider, ABR, CDPE .. an experienced REALTOR® who can help guide you through the process. 847-774-4645 cell (quick response)....or office 847-659-0213 direct VM 
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Direct 847-659-0213
