September 2025 Real Estate News
TO FIND AN OPEN HOUSE IN GLENVIEW IL NORTHBROOK IL OR MORTON GROVE IL
WHAT IS YOUR HOME WORTH? CHECK IT OUT!
Inside the September 2025 Edition of Real Estate News
This month, we look into six essentials for house hunting, if you should be putting extra cash toward your mortgage and whether lower rates cold unlock the market this fall. Plus, we learn more about ‘maximalism’ and simple design ideas for Fall. All this and more in the September 2025 issue of Real Estate News.
Should You Put More Cash Toward Mortgage
With mortgage rates near 6.75% and the median U.S. home price around $441,500, every extra dollar now makes a bigger dent than it did during the low-rate era. Overpaying can help you save on interest and shorten your loan term—but it’s not always the best financial move.
On a $441,500 loan at 6.75%, an extra $100 each month could save you roughly $70,000 over a 30-year period and trim about three years off your loan. A biweekly payment plan—which adds one extra payment per year—could save around $137,000 and shorten the term by six years. Building equity faster brings peace of mind and opens doors for future refinancing, HELOCs, or a more profitable sale.
Thank You and Have a Great Day
Marina Jacobson
Broker, SFRDirect: 847-510-5009
Cell: 847-361-5605
Fax: 847-510-5109
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