Low Interest Rates – Avail the Opportunity

Buying a bigger/expensive home at a lower interest rate is cheaper for you in the long run than buying a less expensive home at a higher interest rate.

For example:

If the loan amount is $175k:

- at 5% interest rate, the payment will be about $940

- at 6% interest rate, the payment will be about $1050

If the loan amount is $150k:

- at 6% interest rate, the payment will be about $900

Currently, the interest rates are pretty low – Click Here to see Interest Rate Chart

You might want to call a lender keeping this in mind to see what interest rate you may qualify for and what the payment will be for home purchase (or) refinance option.