Which are the best places to obtain mortgage loans in Chicago, IL for First Time Home Buyers
For your particular needs, the 'American Street Mortgage Company' is probably the best place in Chicago, IL. One of the reasons why this company is highly viable is its low interest rates. Also they are extremely flexible with their credit requirements.
You also benefit from a financial cushion of USD 8,000 tax credit, so that you don't have to repay unnecessarily. Also, the down payments are fairly reasonable. Here are the general options you have while choosing a suitable mortgage for a new home.
Thirty-year fixed-rate mortgage is the traditional option with constant interest rates and monthly payments so that you can plan easily.
If you can afford a higher monthly payment, then the Fifteen-year fixed-rate Mortgage will suit you very well.
http://www.americanstreetmortgage.com/TypesofLoans.aspx
http://www.bbb.org/chicago/business-reviews/mortgage-brokers/american-street-mortgage-company-in-chicago-il-88264787
