Wake Up Buyers - The Low Rates Will Not Last!
Hello again.
This is directed to those of you who have been thinking about buying a home and have been just kind of waiting around to see what is going to happen or waiting to see "if I wait long enough, I can get that $500,000 dollar home for the $190,000 I am approved for". -OR- if you know someone who has talked about buying a home, you would be doing them a great service by forwarding them the link to this blog.
The perfect storm, in a good way, for buyers. Prices are low! Rates are low! There is plenty to choose from! www.mydelawarehomesearch.com don't wait. The longer you wait, the greater chance you have of missing the perfect opportunity.
Think of it this way. If you were to purchase a $250,000 home and were going to put 10% down. That would mean you were going to finance $225,000. Not counting taxes or insurance, your monthly payment, at 5.5% would be: $1,222! Now lets say that the rate jumps up to 7%, your new monthly payment would be $1,412 per month! Now lets add in the taxes and insurance. Even if the rate only went up a half of point to 6% you would be paying about $63 more per month!
Do we really think that the rates are going to stay this low forever? I hope not. The government is borrowing money and printing new at record paces. Don't miss the boat.
How can I help you in your home search. The best way to reach me is via email david@teamsordelet.com or direct office phone at 302.476.2057.
For a free no obligation home search, just to see! www.mydelawarehomesearch.com
For more information on the latest interest rate news and to check out a great wall street journal column click on the link below.
