Read the below from Jeff Forman, In House Lender, Allied Home Mortgage of Cary, NC for the Kaspar Team, RE/MAX Executives!

There are 3 things going on in the real estate and housing market that are truly amazing:

1. Sellers are more willing to negotiate sales prices and help buyers achieve homeownership with a very low interest rates and no money down.

2. Interest rates are at historic lows. this along with sellers contributions towards lowering rates down further and the willingness to pay all closing costs allows for affordable payments while building equity.

3. With most of the nation going through downward adjustments in home values the research triangle has seen increase in home values of 5% a year. With a focus on equity building and keeping within your monthly budget. The Kaspar team and allied home mortgage can help you with a 5 year plan to achieve financial stability.

For example a 200k home with a 30 year fixed rate mortgage with no money down would be 1500 per month. With a 5% appreciation or 10k per year your equity position would be 30k after 3 years. Take 20k of that money and put a down payment on a 260k home. Borrowing 240k with a 30 year fixed rate loan would be 1900 per month. With 5% appreciation on 260k home or 13k per year. After 3 years you will have an equity position of 59k. Take 40k of that money and you have a 10% down payment on your dream home along with 29k in reserves that if invested correctly will give a good return yearly.

Call Vic Kaspar, Lead Broker, Kaspar Team, for more info on any homes in the Raleigh, Cary, Fuquay, NC Real estate market Vic@KasparTeam.com (919) 609-6999