Good morning.
Interest rates have never been this low.
We haven't seen mortgage rates this low since the 1950's, when people were taking out 20 year loans.
When you stop and consider how inexpensive mortgages have become, it comes as no surprise to see more investors entering the rental market, just to take advantage of this incredible financing that's available for a 30 year loan.
We encourage our clients to take advantage of these rates while they're here, because they won't be around for long.
Right now, they can save A LOT! For instance, let's say that a buyer takes out a $200,000 home loan at a rate of 4.75 percent. Their monthly repayment will be about $1,042 a month for the principle and interest, which is more than $200 less per month than borrowers are paying on a 6.5 percent loan taken out just a few years ago. Over the course of the mortgage term, today's home buyer will save $80,000! That's 8 times more than the home buyers tax credit.
If we can help you today, please give us a call. And remember our site for home buyers @ www.TheFallsHomeFinder.com.
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