Friday, September 21, 2012

Interest Rates Low, Time to Buy!

We’ll you’ve probably heard that interest rates are at historical lows. We are talking about 30 year rates under 4%. What does this mean to you? We’ll first of all if you are a renter and thinking about owning now is the best time to jump in.


Chances are the home you rent could be purchased for less than you pay in rent.  A typical 4 bedroom, 3 bath home renting for $2,000 a and selling for $250,000 would generate a monthly payment of around $1,500 a month. This would include Principal, Interest, Taxes and insurance. Plus you could get upwards of $8,000 in tax credits. In today's challenging market, being prequalified is more important than ever. We can help you navigate the challenging waters. Take just a few minutes and complete the information below to get started today! And we’ll connect you with one of our local RE/MAX Agents. 
 

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