Posts Tagged with how to

Stupid-Low Home Mortgage Rates Makes Homes Stupid-Affordable

Posted by Erick Blackwelder on January 13, 2012 in Buyers

Stupid-Low Mortgage Rates Today Buys A Lot Of Home In Woodbridge

You Can Buy More Home In Woodbridge With Low Monthly Payments

You May Be Shocked When You Get Prequalified For A Home Loan

My pal Vinnie and McLean Lending sent the schedule of interest rates on home loans, pasted below.

You can buy a $500,000 home with an FHA loan at 3.75%, and your monthly payment will be $2,316 for the loan, plus monthly escrows for real estate taxes and home owners insurance.

You only need 3.5% down payment with FHA financing. The down payment for a $500,000 house would be just $17,500, and you can get that money from a relative.

Stop and take time to Google the real estate market trends. The market is gaining ground from the bottom of the slump in 2008.

Program

Rate

Loan Amounts

30 Year Fixed

3.750%

≤ $417,000

30 Year Fixed

4.000%

> $417,000

30 Year Fixed Jumbo

4.375%