Columbus Ohio real estate

Time is money - Interest Rates

 

downtown Columbus clockDiagnosis: "interest rate complacency...." 

In The Price of Procrastination Newnan Georgia Lender Darrell Walters says of the mortgage interest rates available now:

"These rates are artificially low! Historically, interest rates have been above 6.00%. And any rate obtained below this number is a great deal, especially on homes with price tags from 2003!"

Interest rates are low.  Home prices are low.... we in Central Ohio did NOT have the dramatic increases in home prices that some real estate markets had...  so we can't say you would have paid $380,000 in 2007 and can get it for $299,000 today...Central Ohio is very affordable.

Or maybe we can in some cases... you won't know unless you look.

Read  Walter's post... his post is about winning the battle and losing the war waiting for a better price as interest rates creep up. 

Walter's says:

"For anyone who was waiting for prices to drop even more, a 1.00% increase in your interest rate would bring a higher monthly principal and interest payment on a home, even if the price of that same home had fallen an additional 10% in value."

Walters's also says "Clock is Ticking on Free Money"  about the First Time Home Buyers Tax credit that a survey shows consumers are not aware of it.   The (up to ) $8000 home credit for first time home buyers is through the end of November.

Home Buying

Buying a home, it's about time

MyRealLiving.com is for YOU Central Ohio

For First Time Home Buyers

First Time Home Buyer Credit - income limits

The First Time Home Buyer Tax Credit

Not just for First Time Buyers....

The Real Living HER Peace of Mind Insurance is only offered for a couple of months.  If after purchasing a home you lose your job, the insurance pays your mortgage payment.  Limited time offer, restrictions apply. There is no cost to you for this insurance. This benefit is available to buyers who are NOT first time buyers.  In these uncertain times is that of value to you?

Again lest you be confused, the Real Living HER Peace of Mind Insurance is NOT just for first time home buyers but is available to first time buyers too.


 

Search for Central Ohio homes Maureen McCabe Real Living HER Worthington

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This post provided by Maureen McCabe HER Realtors*

Contact Maureen McCabe of HER Realtors* - 614.388.8249

HER Realtors  Maureen McCabe

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email: MaureenatMaureenMcCabe.com  at = @

*Real Living HER

Information is deemed to be accurate but should be verified to your satisfaction.  Information provided herein is supplied by several sources and is subject to change without notice.  Opinions expressed are solely those of Maureen McCabe.

 


 

Comment balloon 3 commentsMaureen McCabe • June 05 2009 11:29AM
Time is money - Interest Rates
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