Interest Rates are as low as 4.5% - What a way to buy more home for your money! 8/27/2010

Posted By abby Young @ Aug 27th 2010 4:23pm In: Home Improvement

Hi Everyone,

These super low interest rates have me excited!  What an amazing opportunity to buy more home for your money.  Imagine you can make a mortgage payment of about $1,100 a month - with 5% down and a 7% interest rate you would be able to buy a home for about $180,000.  Now, use those same figures and change the interest rate to 4.75% and you are now looking at being able to purchase a home for about $230,000!! In Lancaster County there is a big difference between a $180,000 and a $230,000 house - it could mean the difference of getting an extra bedroom, bath, bigger yard, more upgrades, garage, etc.!  

So to summarize - your interest rate has a HUGE effect on how much home you are able to purchase!

Please see link for more information -

As always please feel free to contact me if you have any questions or comments.



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