Tag: pekin illinois

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The Difference in ‘Nonprime Loans’ Standards Today Compared ‘Subprime Loans’ from the Housing Crisis in Pekin, IL

The Local Records Office notes while all loans are not the same, borrowers in Pekin, Illinois at higher risk will need a higher down payment and will most likely have higher interest rates. Nonprime Loans are expanding mortgage options, with subprime mortgages that were blamed for sparking the housing crisis –are reappearing and being dubbed Read More

Will Pekin, Illinois Housing Market Have a Stable Future for First-Time Homebuyers in 2018?

LOCAL RECORDS OFFICE – While it has been a decade since the 2008 recession, that triggered 1.2 million homes to foreclosure, some home values across the country have struggled to rebound. Housing prices across Pekin, Illinois in the Midwest have failed to reach pre-recession levels. Today nearly 2.5 million residential properties remain in negative equity, Read More

Veterans Eligibility Requirements and Advantages of VA Loans – Local Records Office

PEKIN, IL – The U.S. Department of Veterans Affairs (VA) is a program to help to return service members purchase homes with no down payment or credit. ‘Local Records Office’ says, This benefit program also helps active duty military members and families purchase homes and even refinance their mortgage. VA mortgages also have more lenient Read More