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HOW MUCH CAN YOU PAY ON A MORTGAGE?

As of November 9, 2008

30 Year Interest Rate: 6.00%

15 Year Interest Rate: 5.73%

The average homeowner today has 36 times the wealth of the average renter.

Sixty percent of the average homeowner's wealth is their home equity.

So why are you still throwing away your hard earned money by making your landlord accumulate wealth that should belong to you?

Go to www.buyandsellnewhomes.com to find all the information for your real estate needs.

With mortgage and budget calculators, you can see how much you can afford, estimate monthly payments and much more.

We also have dozens of informative articles, advice for buyers and sellers, the best listings in town and much more!

To receive your free list of "Houses for sale in Washington DC",please give me a call at your earliest convenience. I can be reached at (202) 378-0283 (Direct) or (301) 560-6700 x1154 (Office). I can also be reached online at www.buyandsellnewhomes.com and www.freelistofhomesforsale.com. Thank you very much. Looking forward to working with you and helping you make your home purchase a stress free and very happy one. Have a great day. Lanre Folayan - Real Estate Professional with Exit Premier Realty. "Buy and sell a home in Washington DC".

Mr "DC REAL ESTATE GUCCI MAN"

Posted by Lanre Folayan DC & PG County MD homes for sale on 01/27/2008 02:31 AM

Comments (6)

How Much Can I Spend on a Home? in the Home Buying Channel

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Originally posted at: DC Real Estate and Area Events: HOW MUCH CAN YOU PAY ON A MORTGAGE?

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6 Comments on HOW MUCH CAN YOU PAY ON A MORTGAGE?

JAN

2008

Great post, because while buyers may worry about the market as a whole, they forget to factor in the cost of renting. The money spent on renting, plus the missed tax deductions, has to be factored in when considering the renting vs. owning options.

when you put it that way, i hope it will inspire some renters to take a hard look and come to the conclusion that it is a good time to buy. low interest rate and lots of inventory.

Good information to make renters think about buying a home. I hope you get some good leads off of this. Have a great day.

Good post. I believe if a person can qualifiy for a mortgage and has the means and ability to purchase a home, then they should buy a home. There are many advantages to home ownership.

Lanre. I would never want to pay my landlords's mortgage for him. Thanks

Don

FEB

2008

Frank - If renters add up the money that they have been giving away for rent for the past 10 years or so,some of them would would've owned their house by now since housing was very inexpensive back then.

Donald- I agree. Some people just don't get it.

Russ -Thanks. I am thinking of putting this on newsletters that I plan on making soon.

Jennifer - I just don't know what I have to do to get my prospects to buy a home.

Derrick - Yes sir. There are definitely many advantages to buying a home ownership.

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