baton rouge: Why Buyers Should Take Advantage of Historically Low Interest Rates... NOW!
- 09/27/10 09:36 AM
With interest rates hovering in the 4's*, buying power has never been better. If a buyer locks in a rate for 4.5% today on a sales price of $200,000 and putting 5% down, their principal and interest payment would be approximately $962.70 (not including taxes and insurance). If interest rates go up even just 1%, to finance the same amount, the montly payment would jump to $1,078.80. Now lets say, at 5.5%, that you wanted to keep the principal and interest payment at around $962.70. The sales price of the house you could buy would now be $178,500. WOW. That's the … (0 comments)
baton rouge: The Importance of a Buyer's Consultation
- 04/22/10 05:38 AM
When buying your first home, or any home, the process can be a little overwhelming. Even knowing where to start can be a little confusing. A buyers consultation is a great way to begin the exciting journey, and let me explain why. During the meeting, topics ranging from financing to inspections to closing and everything in between are explained. The buyer has the opportunity to ask questions, and the realtor is also able to ask questions that will help them get a much deeper understanding of what the buyer's wants and needs are. With the increasing amount of information available online, buyers are becoming … (0 comments)
With interest rates hovering in the 4's*, buying power has never been better. If a buyer locks in a rate for 4.5% today on a sales price of $200,000 and putting 5% down, their principal and interest payment would be approximately $962.70 (not including taxes and insurance).
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