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Choosing Mike McCatty and Associates

Similar to the sale of your property when it is time to purchase a home you want to be sure you are being well represented. Most often the fees for the buyer's agent are included in the fees paid by the seller. Choosing to have a qualified and experienced broker oversee your interest in the transaction is a must.

We will assist you through the entire process and can recommend other proven professionals to thereby taking more of the responsibility off of your shoulders.

Lender (Appraiser)
A bank is not just a bank. Having the right backer can be extremely important – it is your money we’re talking about after all! Make sure that your lender and financial representative is someone with whom you feel comfortable, and be wary of any lender who promises you more than you think you can reasonably afford.

Lawyer
Your home purchase is far too important a transaction to skimp on legal representation at the risk of leaving yourself open to costly future issues. Choose a respected lawyer who is willing to take the time to answer your questions and who specializes in real estate law.

Home Inspector
No home inspection is 100% guaranteed, but a few hundred dollars to catch a major problem now is certainly better than many thousands to correct that ‘surprise’ down the road.

Contractor
Planning some renovations? You’re not the only one! The home renovation industry is booming, and in some markets, booking a contractor must be done months in advance (that’s a long time to go without a kitchen). Don’t let finding the right contractor slip through the cracks – planning ahead will almost certainly make your renovation smoother, and you contractor will appreciate the advance notice.

Mike McCatty and Associates will handle any issues that may arise from the initial gathering of information at your kitchen table through to negotiating at the closing table. In addition, we will provide names of qualified individuals, with a proven track record in their field, to make sure you have the best team working toward your real estate goals! Call/Text 708-945-2121 with any questions you may have.  There is no obligation.  We look forward to earning your business.

YOUR PLAN 

1.  Choosing Mike McCatty and Associates

Even if you’re not quite ready to buy, as your broker we can be an absolute wealth of information, and can often offer ‘scoops’ on local developments or new listings you may not have know about otherwise. 

2.  Find out what your price range is

Online mortgage calculators are a good place to start, but as you get closer to being ready to buy, there is no substitute for a written mortgage pre-approval.  Just speaking to your lender is an extremely worthwhile venture – this is the only way to really get an in-depth picture of your overall financial picture and to discover exactly what you can reasonably afford to spend on a home (and possibly on renovating). A mortgage pre-approval lets the seller know you are serious and will aid as a negotiating tool.

3.  Find out what your local market looks like

The Internet can be incredibly valuable in doing preparatory research.  Unfortunately with as quickly as the market changes it can be difficult to gather accurate data. Mike McCatty and Associates can direct you to credible resources and immediately start e-mailing you real estate listings that may interest you. Sign up for direct e-mails on your specific criteria.

4.  Find out what your true needs and wants are

Mike McCatty and Associates will assist you in composing a needs/wants list that takes into consideration your local market conditions as well as your price range. The McCatty Team is comprised of dedicated, professionals who have lived within the area their entire lives. We can provide unmatched accuracy on local home values and trends.

5.  Find your dream home (and at the lowest possible price)!

Once you’re ready to act, you may be surprised by how quickly you can make a decision.  Together with Mike McCatty and Associates you will be prepared with your pre-approval, market knowledge, and your needs/wants list. When you see ‘the house’, we will provide the expert negotiation skills required in today's market. 

By contacting Mike McCatty and Associates, it really can be that easy!

Loan Calculator

 

 

 

 

 

 


Your Calculator, mccattyrealestate

Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your results, click the Receive this Detailed Analysis click link. Confused or need more specific information? Call or text me direct 708-945-2121.

Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43% of Cost
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
Results
  Receive this Detailed Analysis

Your Monthly Payments
 
Loan Amount:
Loan Insurance (%):
Total Loan (Mortgage) Amount:
 
Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:
Income Needed to Qualify for the Mortgage
Total Monthly Loan Payment:
Total Monthly Debt Payment:
Monthly Loan Insurance (%):
Qualifying Income of % GDS Ratio:
Qualifying Income of % TDS Ratio:
What You Can Afford
We are using the % ratio.
Cost of House:
Down Payment:
Loan Value:
Monthly Principal & Interest:
Monthly Insurance:
Monthly Property Tax:
Monthly Condo Fees:
 
Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate)
Renting
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
 
Owning
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %

Contact Mike McCatty and Associates



Contact Mike Mccatty and Associates Today! 708-945-2121



Whether you are planning to buy your first home or sell your existing home, contact us today! 

We'd love to hear from you!

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Century 21 Affiliated
15812 S. Wolf Road
Orland Park, IL 60467
Mobile: 708-945-2121
Email Mike