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You Could Miss Out On A Great Opportunity!

Hi Friends,
Great news the mortgages rates have come down 1% which means you can buy 10% more home today. First time home buyers also receive a $7,500 tax credit. Tell your friends about this exciting news and call me before they go back up. It is a buyers market and there are a lot of great deals out there.

 
Cost of Home                   BUY NOW               WAIT, and hope for a 10% drop in price
Loan Amount                    $320,000               $288,000
Interest Rate                    6.375%                 7.125%
Term (Months)                 360                       360
Monthly Payment              $1996                    $1,940
 
Renting at $1,000 per month, for 12 months, while waiting for the prices to maybe drop, is a $12,000 loss in one year. Unlike a mortgage where part of the payment is returned to you in a tax savings. Raleigh is slated to bounce back fast. It would be better to buy a day too soon than a day too late. Prices are going to go up with news like this.

Don’t wait buy. Buy now before rates and prices go up!

Have a great weekend.

Linda

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