Asked by melindagar, 11215 • Wed Sep 26, 2012
I'm looking for a 1 bedroom apartment - and am currently trying to decide between purchasing or renting. I have never owned before, but I have been pre-approved for a loan but only for 10% down. The market in the Prospect Heights area seems to be on the rise, and I feel like only having 10% will limit what's available, or what a seller might accept. What sort of 10% down options are out there? Or would it be smarter to just go for a rental? It does seem it makes more sense to buy if possible, as I know the rental market in PH is on the rise too.
(I am open to looking as far east as Franklin Ave., or possibly Bedford.)
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