Chicago rents are sky-high!The rental market in Chicago right now can only be described as crazy. And with no end in sight, why spend what’s equivalent to a mortgage payment every month on an apartment when you can be putting that money towards a home or condo that will continue to appreciate in value? Stop renting and finally make that transition to owning in 2016!
There’s hidden savings in tax breaks!Taxes in Chicago are pretty high. You don’t need us to tell you that. But if you’re home loan is under $1 million, you’re able to deduct all the monthly interest you’re paying on the loan at the end of the year? Pretty sweet deal, right? And there can also be additional deductions as well, especially if you have eco-friendly features inside your home.
Mortgage rates are low….REALLY LOW!
Yep, mortgage rates are expected to go up. But that doesn’t mean you can’t still take advantage of historically low interest rates, which are still hovering around 4%. Remember when interest rates were nearly 5 times as high back in the 80s? We do. And given we’ll likely never see rates this low again, why not take advantage?
By: Terri McAuleyChicago Condos for Sale
“Chicago’s Luxury Condo Specialist”