Buy a House Today and make NO payments for Three Years!
And get $25,000 Cash Back!
Okay, so that sounds a little too good to be true, but it is reality.
First time buyers who buy a home this year will get an $8,000 tax credit. If this tax credit is used to pay down the principal of the loan, buyers can save approximately $25,000 in interest and will pay off their home loan 40 months earlier.
The catch is that the savings is realized at the mortgage term and not right now.
Lets suppose you buy a $160,000 house with a $10,000 down payment, giving you a loan amount of $150,000. With a ridiculously low interest rate of 5% (which is available today), you would have a principal and interest payment of $805.23 on a 30 year mortgage. Not a bad payment for a nice home.
Over the course of the loan you would pay $139,884.83 in Interest. Now if you hurried and bought a house now, and were able to get the $8,000 tax credit this year, and immediately applied that $8,000 to paydown the principal owed on your mortgage, It would reduce the interest you would ultimately pay to $114941.74 a savings of $24,963 PLUS you would pay your house off 40 months faster, saving you $32,200 in house payments... So essentially, if you buy a house this year, it could save you more nearly $60,000 over the next 30 years.
What a deal.
Start shopping today by searching all available homes for sale at Real Estate Logan.com
Act NOW! Before you miss out!
This Deal is ONLY available if you buy with Cornerstone Real Estate Professionals, or any other real estate agent, or if you just buy a house from your Grandma without the help of an agent.... okay, so any qualified first time buyer can get it.

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