Let's say you buy a house for $750,000 with $25,000 downpayment, your loan is $725,000 @ 3.49%.
Your mortgage is $3252/mo (A lot of money, but rent is likely $3500-$4000).
To see how you can sell a current home and/or buy a San Diego home, call me today George 619-846-1244.
With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time.
According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low.
The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year or $7,200 over the life of your loan. Maybe it’s time to lock in now while rates are still low.
We would like to hear from you! If you have any questions, please do not hesitate to contact us. We are always looking forward to hearing from you! We will do our best to reply to you within 24 hours !
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