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Can it be too many advantages of buying Real Estate now?
Why in the world people who need to buy the house in Solon, Mayfield Heights or anywhere in Greater Cleveland are still thinking and waiting for something?
Isn't it better just do it?
Simple list of opportunities for both first time home buyers and for moving up buyers is impressive.
Just compare the numbers!
Let's say, you decide to buy the $200,000 home in Cleveland OH.
You make enough money and you saved enough to put 20 % down.
You earned a high credit score, so you get perfectly qualified for conventional loan.
Using a simple mortgage calculator you can easily compare your mortgage payments and savings if you borrow at 4.75 % (available today) vs. very respectable 6.25 %, which many homeowners recently dreamt about.
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Purchase price |
$200,000 |
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Down payment |
$40,000 |
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Loan amount |
$160,000 |
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30 yrs. Fixed Interest rate |
4.75% |
6.25 % |
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Monthly Principle and Interest |
$834.64 |
$985.15 |
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Interest to be paid over the duration of loan |
$140,468 |
$194,653 |
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Cost of not taking advantage of current low interest rate |
$54,185 |
Why wait?
Any of home buyers' advantages listed above may vanish soon.
If you really need to buy or move up, just do it!
Call us today 216-548-4663 and schedule your free home needs evaluation session with Local-n-Global Real Estate consultants.
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Middleburg Heights Real Estate - 11/16/09 - 6966 E Winding Oak Dr ( Middleburg Heights, Ohio ) - near Berea, OH - WWW.CJHARRINGTON.COM - 440.336.0612
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Parma Heights Real Estate - 11/16/09 - 9363 Stonington Rd ( Parma Heights, Ohio ) - near Middleburg Heights, OH - WWW.CJHARRINGTON.COM - 440.336.0612
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