waiting for another round of government stimulus money to buy
That would be a big mistake.
IS THE TIME TO BUY!
A $100,000 LOAN SAVE $22,582.80
A $150,000 LOAN SAVE $33,872.40
these are real savings over the life of your loan!
is the proof:
100,000 loan at 6% interest would cost $599.00 per month.
x 12 months = $7,194.72 per year times 30 years = $215,841.60
total cost for the loan at 6%
100,000 loan at 5% interest would cost $536.83 per month.
x 12 months = $6,441.96 per year times 30 years = $193,258.80
total cost for the loan at 5%
minus $193,258.80 = $22,582.80 savings!!!
OTHER COMPANIES ARE OFFERING UP TO $8,000 IN SELLER CONCESSIONS
IF YOU BUY ONE OF THEIR LISTINGS. OF COURSE THERE IS A LITTLE
ASTERISK NEXT TO THE OFFER! THE PROBLEM WITH AN OFFER LIKE THAT
IS "YOU" END UP PAYING FOR IT IN THE LOAN AND
YOU END UP PAYING INTEREST ON IT FOR 30 YEARS!
WHAT SHOULD YOU DO?
YOU HAVE TO DO IS BUY A HOUSE WHILE THE RATES ARE SO LOW!
REDUCED INTEREST RATE OF JUST 1 PERCENT
PRODUCES THE SAVINGS ABOVE!
rates are at an all time low currently hovering below
5%! The difference in savings from a 6% interest loan
and a 5% interest loan on a $100,000 mortgage works out
to $22,680!! If you wait to get $8,000 from the government
and the interest rate goes up just 1% you will pay $22,680
more over the life of the loan.
that to what some companies are now offering where you
will get up to $8000 in seller concession and you will
quickly find out that you are being penny wise and pound
foolish. You see, the sellers commonly inflate the asking
price to cover the concessions which means you are simply
borrowing the additional money to buy that house AND you
will be paying interest on that money for 30 years! You also run the risk that the home may not appraise for the new sale price and you may not get approved for the loan.
fall for the trap. Your best bet is to call us now and
purchase a home while the interest rates are under 6%.
We have a nice inventory of homes and we won't offer any
gimmicks to get you to buy one. We will simply find you
the best priced home at the lowest interest rate possible.
you use Great Lakes Real Estate to buy a home we will
work to get you the best price on a home. Once you choose
a home we will shop for the lowest interest rate among
several banks and lenders. The "big" companies
will send you to their own finance company! We aren't
beholden to any bank. We have a great relationship with
all lenders including our competitors' lending companies.
Whichever lender gets our customer the best rate gets our customer. The final decision of course belongs to you the customer.
Call one of our real estate professionals today so they can
help you get started with saving money on your next purchase.
We have some of the best and most experienced agents in the
here to choose one of our professional agents