Don’t Let The Economic Headlines Scare You Away!

Filed Under Real Estate · Tagged:  

Some facts and figures you may want to  consider…
As the economy recovers, finance costs will rise, so playing the waiting game may not pay off.

Today Cost In 12 Months?

$218,900 $197,010
Typical Home Price

Put 20% down and get a                           If prices drop and
30-year fixed-rate mortgage                     additional 10%

5.5%                            6%

Current rates after                  Interest rate                    Recession ends, &
the Fed starts to
recent declines                                                                      raise rates


$994.31 Monthly Payment $994.94
Source: Lending Tree

How Does This Effect You?

If you wait another year to buy, your payments would essentially be the same, and you would still be dreaming instead of enjoying your new home or lifestyle.

March 24, 2008 by dorstadh : No Comments

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