Dropping a lump sum of cash to buy a house might be doable for lottery winners and Oprah, but the rest of us will need a loan to purchase a great home. The Federal Housing Administration has been a key part of home ownership since 1934, providing mortgage insurance on loans made by FHA-approved lenders.
FHA directly benefits lenders with mortgage insurance, which provides protection against losses as the result of homeowners defaulting on their mortgage loans. The lenders bear less risk because FHA will pay a claim to the lender in the event of a homeowner’s default, meaning it’s easier for you and me to get a home loan thanks to FHA.
In the past couple of years, FHA has gained immense importance and has played an increasingly larger role in the housing market by helping fight the effects of the recent deterioration in the credit markets, the mortgage meltdown, and the overall economic recession.
Now is as good a time as ever to get a loan for your future home. With FHA backing, lenders are becoming more and more ready to orchestrate a mortgage for you. New West Realty offers some wonderful home owning options at Eastgate Village. Click here to make an appointment or to request more information toward owning a new home, and be sure to ask about Eastgate Village’s available FHA financing.
Click here for more information on FHA from the U.S. Department of Housing and Urban Development.
Looking for something exciting to do in the near future? Look no further. Here are some great upcoming events that are sure to feed your craving for fun.
Dew Tour’s Nike 6.0 BMX Open
Check out the best of BMX in Grant Park on June 26th and 27th. The event hosts the finals for BMX Dirt on Friday, as well as the finals for Park BMX and Vert BMX on Saturday. The tour also includes many other events and features interactive exhibits in Festival Village as well as a free concert at night. See athletes such as Ryan Nyquist, Steven McCann, and many more! For more information about the Dew Tour click here.
Just For Laughs
TBS is bringing one of the biggest comedy events ever to Chicago. The event has been going on in theaters across the city. There are still many laughs to come as Just For Laughs continues through June 21st. For more information on shows, performers, and theater locations, click here.
The rivalry continues as the Chicago Cubs travel to US Cellular Field to play the Chicago White Sox. The three heated games are scheduled to take place on June 26th, 27th, and 28th. The two teams split the previous series at a game a piece with one game postponed. For more information, Sox fans click here, and Cubs fans click here.
Standing out in a big city isn’t terribly easy to do. We are literally one among millions, and finding some individualism amongst so many fellow citizens can be suffocatingly difficult. We want to scream “I’m somebody!” to passersby in an effort to grab their attention. And even then, we likely wouldn’t be noticed.
So as Chicagoans, how do we stand out in a noticeable way? Through the little things, of course! Tip a little extra, smile more, or (this idea is a little crazy) remove the earbuds and have a conversation with someone. And once you get back to your cozy apartment, you don’t have to stop being noticed. With summer rolling around, now is the time to take advantage of that extra space that you never really use. You probably know what we’re referring to from the title, but in case you need a refresher, here are 5 ways to make your apartment balcony stand out. And of course, always check with your landlord/management before you pull a Bob Vila on your unsuspecting balcony.