Buy - Buy - Buy
Posted 10-10-2011 at 03:24 PM by tanmctee
The interest rate recently reduced again and I know I've said it many times...but, I highly recommend encouraging anyone who can buy to do just that!
On Fannie Mae Bank Owned homes there are some great financing incentives including the HomePath product and help with 3.5% on closing costs. Let me give you an idea of what that means to you....
Client purchased a home for $252,000 --- their closing costs with 5% down came to a total of $12,500. They had good credit and qualified for HomePath. The HomePath product has no appriasal and no mortgage insurance.
The bottom line is: they have a monthly payment of $1456.
Now --- not everyone is looking for that much house or that high of a payment...but, think about this....cut the purchase price in half and almost anyone will see the benefits of home ownership for less than rent.
There are some great options out there in many different price ranges....this is a time in America's history where the dream of owning can become a reality for people who might not have considered the possibility.
I believe NOW is the time to give serious consideration to home ownership and enjoy the benefits from reduced interest rates to incredible bargains....
On Fannie Mae Bank Owned homes there are some great financing incentives including the HomePath product and help with 3.5% on closing costs. Let me give you an idea of what that means to you....
Client purchased a home for $252,000 --- their closing costs with 5% down came to a total of $12,500. They had good credit and qualified for HomePath. The HomePath product has no appriasal and no mortgage insurance.
The bottom line is: they have a monthly payment of $1456.
Now --- not everyone is looking for that much house or that high of a payment...but, think about this....cut the purchase price in half and almost anyone will see the benefits of home ownership for less than rent.
There are some great options out there in many different price ranges....this is a time in America's history where the dream of owning can become a reality for people who might not have considered the possibility.
I believe NOW is the time to give serious consideration to home ownership and enjoy the benefits from reduced interest rates to incredible bargains....
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