Tuesday, December 14, 2010

Wait and See.

Have you seen the news? Interest Rates are on the rise again.
In just one month they have increased +.5% and will continue to rise.
For all of you sitting on the fence with a "wait and see" frame of mind,
                            
                            Now Is The Time!

Keep this in mind, the longer you wait and the more rates increase,
you lower you buying power on a New Home.

For example:

If you qualify for a $200,000 Home loan
when the rates are at 4.5% =$1045/per month (Principal and Interest)

You will only qualify for a $160,000 loan at 6.5% =$1265/month.

By waiting you have not only reduced what you can afford to buy
but have Increased your monthly payments !

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