East Peoria, Peoria, and Morton Illinois real estate listings, home buying, selling and relocation information

When searching for a home and picking out a Realtor, the buyer may want to work with a Realtor that has building experience. Paul built homes for a few years in the 1980s and has a good knowledge of new home construction. Now he can put this knowledge to work for you. It is important to realize why things are done the way they are. What is a good quality window? What about a plaster finish versus a dry walled home? What is a simulated shake shingle? What does roof pitch have to do with style or quality? What is brick pocket? Paul can walk through a new home that is just framed and not finished and point out things that your typical realtor might not notice. He can also usually realize the layout of the floor plan (of a home with just studded up walls) without seeing the blueprint.

Paul met a very good new homebuilder about 6 years ago now and has developed a very good working relationship with him. This builder has been a general contractor for over 25 years and has had the same carpenters for about 15 years. They do an excellent job, and do their own tile and hardwood installation, and all the trim work. His master bathroom and kitchen feature lots of tile and marble, along with granite countertops on the upper end priced new homes. The builder is on the job most of the time to insure good quality workmanship. Paul likes this builder's work ethic and quality. So do the buyers of his homes. He builds in Dunlap, Peoria, East Peoria, Germantown Hills, Washington, Morton and other surrounding areas.

Paul is proud to sell these new homes with quality assurance a priority. You as a buyer can be assured that Paul will help you make a good decision on buying your next new construction home.

Financing Your Home >Mortgage Terms

New mortgage loan products offer a more complex selection of terms. Lenders now offer mortgages that are blends of short-term ARMs and 30-year fixed-rate loans with a lower fixed-rate of interest for a period of five, seven or ten years. Be sure that you understand what happens at the end of the initial term before you sign on the dotted line for such a loan.

Many of these loans revert to a 1-year adjustable rate loan at the end of the initial term and can be adjusted once a year based on an index tied to the cost of money. You should know how much over the index your rate will be set and the limit or cap on how much your payments can increase. A "balloon" note requires the entire balance to be paid to the lender after the initial period of the loan ends. Most of these loans require the lender to guarantee to refinance the note at that point if payments have been timely. The lender should spell out how the re-finance rate will be determined and what costs will be involved. These loans can help you buy a more expensive house than you could afford with a 30-year fixed rate mortgage, but be sure that you understand the terms and the potential risks.

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Q	What characteristics must a home have to be considered a prestigious property?
A	Unique architectural design; Highly desirable location; celebrity status--owned by a well-known person.
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