GMAC

Real Estate Professionals Redding

C:530.941.7492 · O:530.224.6767

NEWS FLASH-MORTGAGE RATES DROP TO 4.5%

HOME LOANS, TIPS FOR BUYERS
December 17th, 2008

In twenty five years of selling real estate, I have never seen interest rates drop so low! Becki Isner, of Amerigroup Loan Center here in Redding, is quoting 4.5% for a 30-year fixed rate mortgage with a 20% downpayment and a FICO credit score of at least 740.

For the median priced home of $210,000 with 20% down, this translates to a mortgage payment of $851/month on a loan of $168,000. Add taxes and insurance and the payment is roughly $1,100/month! That is about equal to rent not counting tax advantages.

Homebuyers would be able to write off interest, property taxes and some loan fees. Taxes and interest are deductible and would create nearly $10,000/year in write-offs. This should save a buyer at least $250/month which equates to a net payment of $850/month. Home ownership makes sense with these very low long term fixed interest rates!

Becki Isner can be reached at 221-2626 or 949-0157 for details….

www.bradgarbutt.com

www.movetoredding.com

bradgreps@yahoo.com

530-224-6767 or 530-941-7492

BRAD GARBUTT

REALTOR/BROKER ASSOCIATE

REAL ESTATE PROFESSIONALS GMAC

QUARTER CENTURY LOCAL REAL ESTATE EXPERIENCE

This entry was posted on Wednesday, December 17th, 2008 at 1:14 pm and is filed under HOME LOANS, TIPS FOR BUYERS. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. insurance for mobile phone said at January 24th, 2011 at 5:04 am

   Thanks a lot for the great content. Expect to see more in the near future.

2. stock broking said at April 24th, 2011 at 7:37 am

   Once I initially commented I clicked the -Notify me when new feedback are added- checkbox and now every time a remark is added I get four emails with the same comment. Is there any manner you can take away me from that service? Thanks!

3. miss america 2011 said at June 20th, 2011 at 9:10 am

   Netflix…

   [...]what follows are a couple of links to websites online that we connect to because we feel they will be really worth checking out[...]…

4. hostgator coupons said at June 21st, 2011 at 2:58 am

   As soon as I noticed this site I went on reddit to share some of the love with them.

5. couponpress coupon said at June 21st, 2011 at 8:08 am

   I am constantly thought about this, appreciate it for posting .

6. invest liberty reserve said at August 8th, 2011 at 2:55 pm

   I like Your Article about NEWS FLASH-MORTGAGE RATES DROP TO 4.5% | Brad Garbutt Perfect just what I was looking for! .

7. CFDs said at August 17th, 2011 at 9:33 pm

   Hiya, I am really glad I have found this information. Nowadays bloggers publish just about gossip and web stuff and this is really irritating. A good site with exciting content, that is what I need. Thank you for making this web site, and I will be visiting again. Do you do newsletters? I Cant find it.

8. webhosting forums said at August 29th, 2011 at 1:50 am

   I was very delighted to find this site on google.I wanted to say thanks to you with regard to this wonderful read!! I undoubtedlyenjoyed every little bit of it and I’ve you bookmarked to look into new stuff you post.

9. Teddy Sahr said at September 6th, 2011 at 5:59 pm

   Appreciate it for this post, I am a big fan of this web site would like to go on updated.

10. craigslist auto poster said at September 9th, 2011 at 3:21 am

    Hi there! I just would like to give an enormous thumbs up for the great information you have got right here on this post. I will be coming again to your blog for extra soon.

11. Adan Buczko said at September 10th, 2011 at 5:33 pm

    Deference to op , some superb selective information .

12. Kerrie Neiswender said at September 15th, 2011 at 6:56 am

    Great blog Just wanted to comment that i can not connect to the rss stream you might want install the right wordpress plugin for that to workthat

13. Kerrie Salasar said at September 15th, 2011 at 12:07 pm

    I cant consider this truly hoping this never takes place

14. HCG Levels in Early Pregnancy said at October 8th, 2011 at 8:19 pm

    HCG Levels in Early Pregnancy Thanks for writing this, it was very handy and helped me quite a bit…

    Thanks for writing this, it was very handy and helped me quite a bit…

15. THOMASENA ZEIEN said at November 2nd, 2011 at 11:24 am

    Oh my goodness! an amazing article dude. Thanks However I am experiencing situation with ur rss . Don’t know why Unable to subscribe to it. Is there anybody getting similar rss downside? Anyone who is aware of kindly respond. Thnkx

16. Android Apps said at December 6th, 2011 at 4:35 am

    Great goods from you, man. NEWS FLASH-MORTGAGE RATES DROP TO 4.5% | Brad Garbutt I have understand your stuff previous to and you are just extremely excellent. I actually like what you have acquired here, certainly like what you’re saying and the way in which you say it. You make it enjoyable and you still care for to keep it wise. I can not wait to read far more from you. This is really a tremendous NEWS FLASH-MORTGAGE RATES DROP TO 4.5% | Brad Garbutt informations.

Leave a Reply

Name (required)

Mail (will not be published) (required)

Website