Thursday, February 24, 2011
Tuesday, February 15, 2011
Believe It or Not, It’s a Great Time to Buy!
There is plenty of doom-and-gloom going around in real estate news, but the amazing story I rarely hear anyone talking about is this: Interest rates are CRAZY low! How low? As of this writing, 15-year fixed rates somewhere around 3.8% and 30-year fixed are only about a half-point higher than that. These are truly historic rates that are making homes, for those that are buying right now at today’s prices, outrageously affordable.
Have you been thinking of buying a home and have not taken the time to run your credit to see if you qualify, give yourself and your family the opportunity of owning a home. If you don`t know where to start, I can help. Email me at RobertBenenati@365realtyinc.com
Friday, February 11, 2011
How Much Would Total Monthly Payment Be?
Rule of thumb is to multiple the loan amount by the interest rate and add the monthly real estate taxes plus home insurance, if the community has an HOA (Home Owners Association) that payment is separate.
Example:
$100,000
x 5%
-----------
$ 500
+ $ 200 ( assuming the taxes are $2,400 per year)
+ $100 ( home insurance)
-----------
$800 (This is an estimated and quick method to calculate your monthly payments on the go)
I hope this is useful, for a more accurate amount visit www.365realtyinc.com
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