Where are all the buyers? Home prices are down in the DC Metro Area, inventory is high, and mortgage rates are still hovering at 40-year lows! And now, as another incentive to buy, Long & Foster recently announced a new program to help lower mortgages for buyers for their entire 1st year if they use Prosperity Mortgage, a Long & Foster Company. If you buy a home listed by Long & Foster between now and May 31st, Long & Foster will reduce the rate on your 30 year fixed rate mortgage by ½% for the entire 1st year!
On a $300,000 loan, that's $1725.36
On a $500,000 loan, the savings equals $1928.71
And on a $700,000 loan, the savings amounts to $2,700.12!
This is such a great program... it's like cash back every month just for using Prosperity Mortgage! And it won't last long... Give me a call and I'll hook you up with a Prosperity Mortgage Loan Officer today.
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