• By Area:

  • By Price:

     

  • Bedrooms:

    1+ 2+ 3+ 4+

  • Bathrooms:

    1+ 2+ 3+ 4+
22 Jul 2010

Opportunity Knocks for Buyers in today’s market!

One of my mortgage partners just sent me the info below and I thought it was really timely and made the opportunity that we have today as buyers so clear.  She says ”

Are your clients aware that rates are at 40 year lows? Do they really know what this means to for them? Here’s a very quick example.
 
Take, for instance an FHA purchase of a 200K home with 3.5% down payment. At a low rate of 4.25%, they would pay $971 per month before taxes and insurance. Last year they would have paid 5.25%, making their payment more than $119 MORE per month. In 2008, they would have paid $244 MORE per month.”
 
What are we waiting for? Give me a call today at 738-4821 X616 or 529-7012
Be Sociable, Share!

Post Your Comment




Top Property Categories

Rhode Island Statewide MLS The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Slocum Realty are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright © 2012 State-Wide MLS, Inc. All rights reserved.
Data Last Updated: 02/05/2012

Copyright © 2012 Slocum Realty · Slocum Insurance Agency · 1229 Greenwich Ave. Warwick, RI 02888 All Rights Reserved · Real Estate Marketing Solution powered by Real Web Appeal