Is Now a Good Time To Buy a Home in Hendersonville Tn?

By
Real Estate Agent with Hendersonville, Nashville, Old Hickory, Lebanon Tennessee

Is Now a Good Time To Buy a Home in Hendersonville Tn? Real Estate has proven to be the best investment of your money and the easiest way to grow your wealth. Forget playing the lottery, invest in a home every year. One day you can really enjoy retirement. One more incentive just released starting Sept 7th the additional monthly cost of owning a home valued at $200,000 will be $44.76.

Currently

 

•·        $200,000 Sales Price

•·        3.5% down payment ($7,000)

•·        Loan Amount ($193,000)

•·        2.25% UPMIP ($4,342.50)

•·        Loan Amount with UPMIP ($197,342.50)

•·        Monthly MIP .55% ($88.46)

•·        Example 30 year FIXED Rate of (4.25%)

•·        PI with monthly MIP = $1,059.27 (before Taxes and Insurance)

 

Starting September 7th

 

•·        $200,000 Sales Price

•·        3.5% down payment ($7,000)

•·        Loan Amount ($193,000)

•·        1% UPMIP ($2,000)

•·        Loan Amount with UPMIP ($195,000)

•·        Monthly MIP .90% ($144.75)

•·        Example 30 year FIXED Rate of (4.25%)

•·        PI with monthly MIP = $1,104.03 (before Taxes and Insurance)

 

***This equates to an additional monthly cost to your borrowers of $44.76 on a $200,000 sales price.***

Looking to make an investment or buy a home in Middle Tn, give Sherry Chastain a call today to help you make the right decision.

 

Comments (4)

Janice Roosevelt
Keller Williams Brandywine Valley - West Chester, PA
OICP ABR, ePRO,Ecobroker

Sherry: it sounds like the PERFECT time to buy a home in Hendersonville. I cannot believe the interest rates.

Aug 09, 2010 06:44 AM
Don Sabinske
Don Sabinske, Sabinske & Associates Inc. - Zimmerman, MN
Sabinske & Associates Inc.

You have broken this down into nicely explainable steps to homeownership.  This makes is easy to explain. I'm in the Short Sale Superstars, too. 

Aug 09, 2010 02:07 PM
Sherry Chastain
Hendersonville, Nashville, Old Hickory, Lebanon Tennessee - Hendersonville, TN
Realtor, Selling Homes, Lake Properties,Luxury Homes,Short Sales

It is Janice. I want a mega phone to hook to my car so I can drive around and tell everyone. We all get caught up in the media and think we should just wait it out. Please everyone-Just do it!

Aug 10, 2010 10:19 AM
Sherry Chastain
Hendersonville, Nashville, Old Hickory, Lebanon Tennessee - Hendersonville, TN
Realtor, Selling Homes, Lake Properties,Luxury Homes,Short Sales

What can I say Don I'm a visual person. Just makes more sense to me when you can see it on paper. I've got a few short sales, looks like you do quite a few.

Aug 10, 2010 10:24 AM