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Aug 27th 2010

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 In: Home Improvement
Tags: homes, real estate, buy more home, home buying, interest rates, low rates

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 ...

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