Mortgage Rates have declined to the point where they have reached historical lows!
So what does that mean to you? Let's do the math! If you had a loan at 7% interest on a $250,000 house. Your monthly payment would be roughly $1665.00 each month.
Now let's suppose you had a loan at today's interest rate of 3.79% on a $250,000.00 house. Your monthly payment would roughly be only $1163.00 each month.
That's around 500 dollars a month less each month!
Here is another example. Let's pretend you bought a $150,000.00 house. Doing the math your payment at 7% would be around 1000 dollars and if you financed it at today's rate of 3.79 % it would be 700 dollars. Resulting in roughly a 300 dollar drop in house payment you would have to make each month or around $700.00 per month.
What this gives you is buying power! You can now buy and afford a much more expensive house and afford it! Don't miss out on this opportunity of a life time. If you need to buy a house, please give me a call or email me!
