Shocking!

August 11, 2011

After all of the gloomy predictions about what a downgraded credit rating will do to our economy I was shocked to learn today that many of our recommended lenders are offering a 30 year fixed rate loan at 3.75%.  Crazy!  Just a few weeks ago rates were hovering around 5%.  What does that mean to you?  On a 30 year fixed rate FHA loan for $120,000 your payment at a 5% rate including Taxes, Insurance, Mortgage Insurance and Interest is around $1065/month.  At 3.75% that number drops below $1000/month to a shocking $979/month!  If you buy our least expensive home, priced at $99,490, your payment becomes $812/month.  Why would you not buy today?  With prices and rates so low, you can’t miss this opportunity to invest in your future! -Link to 8825 Highland Orchard, pictured above.
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