What Could you do with an extra $65000?

By
Real Estate Broker with Sandstone Real Estate Group
http://actvra.in/r7S

What could you do with an extra $65,000.00?

Buying a house now instead of waiting a few years can Save you BIG…. Interest Rates have no where to go but up in the future.

As YourExitRealtor

I hear all the time about how bad the economy is and that people do not want to buy a house because they don’t want to chance spending the money and making a bad investment. I have also heard that people are waiting for the interest rates to drop even lower…. I say stop waiting…. Rates can go up just as easily as they could go down.

If you have the money and are considering buying a home or upgrading to a bigger one, please really consider making that move now… I will show you want you will pay at the current rates and I will show what you could be paying in a couple of years when interest rates are forced to rise to 6.5% or higher.

CURRENT INTEREST RATES…. Supplied by Lindsey Davenport at Centennial Bank in Conway, AR. If you would like more details about how to get started applying for a mortgage please giver her a call at 501-328-4688.

Conventional Rates:

    30-year Fixed 3.625-3.75%

    20-year Fixed 3.625%

    15-year Fixed 2.875-3.0%

 

FHA Rates:

    30-year Fixed 3.5%

    15-year Fixed 2.875%

 

VA Rates:

    30-year Fixed 3.5%

 

USDA RD Rates:

    30-year Fixed 3.5-3.625%

 

Man these rates are amazing…. USDA RD rates of 3.50% on a 100% financed LOAN…. WOW…

If you are looking to refinance or apply for a new mortgage give Lindsey Davenport at Centennial Bank a call.

In the Future if interest rates go up to 6.500% on a 30 year mortgage you are paying 40%more in interest on a home…. Let me show you what 40% more looks like in a comparison.

                                         JAN 2012 30 Year Fixed FHA loan                   Future Date 30 year Fixed FHA Loan

 

Interest Rate                                    3.500%                                                   6.500%       

Loan Amount                                   $100,000.00                                           $100,000.00

Principal & Interest PMT*                  $449.04*                                               $632.07*

Total Difference in payment = $189.03 Per Month.

 X 12 months = $2196.36 a year.

 X 30 Years = $65890.80 over life of the loan.

*Principal and Interest payment only. Taxes, Insurance, and PMI not included.

What could you do with an extra $65,000 dollars?

I always provide information to my clients, so they can make a Sound Financial Decision. I am here to educate you the public along with my clients. I don’t want anyone to get taken advantage of or to miss out on some really great deals now. I am here to serve YOU.

MY MOTO FOR 2012

“Better Educated to Better Serve You.”

 

So if you have any more questions or comments about the above material… Contact

Posted by

 

Buying and Selling a home is a huge Financial decision, Blake Roussel with Sandstone Real Estate Group is your Real Estate Professional for Conway, Little Rock, Maumelle, Benton, Bryant, Jacksonville, Cabot, and Searcy, Arkansas. My goal is to walk you through each step of the buying or selling of your home, so that we have a smooth transaction.  Call Us today 501-230-6082. Customer Satisfaction is our #1 GOAL, we are here to serve you throughout this process. Check out what my past clients have said about my Past Clients have said about my services. We look forward to hearing from you.

“Then Difference between FOR SALE and SOLD”

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cloud to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community
Location:
Arkansas
Tags:
youexitrealtor
exit realty arkansas
blake roussel
homes for sale conway arkansas
foreclosures
short sales
conway arkansas
exit realty

Comments 0 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lamp to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the scissors to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
44,715

Blake Roussel

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lamp to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: