Big savings

So you missed the tax Credit? How about saving $51,176.16? Buy a home today, with today’s low interest rates, and over a 30-year mortgage of $200,000, you will save $51,176.16 when compared to the average 2009 interest rate of 5.19%. Just 5 years ago, the average mortgage rate was 5.82%, versus today’s 4%…meaning a $200,000 mortgage today saves you $79,640.63 over the cost you would have incurred borrowing just 5 years ago. That is a huge savings. Stay tuned for more good information about real estate.

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