Let's talk real estate

May 3rd, 2010 6:18 PM
The tax credit appears to be history. However now is still one of the best times ever to buy a home. Let's say you qualify for a loan with principle and interest payment of $1,000. At 5% interest you would qualify for a loan of $186,268. If the interest rate goes up to 7% you would qualify for a loan of only $150,300. You can purchase $36,000 more home now than you can when the rates increase.  
Posted by The Bobby Dean Team on May 3rd, 2010 6:18 PMPost a Comment (0)
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