Banks are lending money!
Most of you have heard by now about the interest rates dropping.
This means you can buy more house for your money,
Example $300,000 loan for 30 years fixed rate,
$1610.46 payment at 5% interest rate
$1,798.65 payment at 6% interest rate
That reduces your payment by $188.19 a month
Or allow you to spend $35,056.34 more on a home
Click HERE to read about interest rate drops
Friday, December 19, 2008
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