Posted on Thursday, December 12, 2013
Just heard from our good friend Kelly – here are Sunbelt’s latest rates … a representative comparison of interest rates compared to monthly principal and interest payments:
Loan Amount of $150,000.00 on a 30 year fixed rate mortgage at:
4.25% $ 738.00 ( 4.92/000)
5.25% $ 828.00 ( 5.52/000)
6.25% $ 924.00 ( 6.15/000)
7.25% $ 1023.00 ( 6.82/000)
Current rate for the 30 year fixed is 4.625% and is headed up!
As your clients wait for the prices to POTENTIALLY move down, they could end up paying more in the long run with the rising trend of financing. $10,000 lower mortgage amount equals about $65.00 per month in payment. That is about the same amount a .75% increase in interest rates will have on the monthly payment.
Think smart and profit. Now is the time to buy!
Contact Kelly Rebimbas, NMLS #301171 with additional questions.
Not all properties will qualify for the loan programs listed. Actual rates will be quoted by a licensed originator. Taxes, Homeowner’s Insurance and Mortgage Insurance costs are estimates only. Any applicable HOA fees are not included in monthly payment. All figures listed are estimates only and may vary based upon property and buyer qualifications, market changes, and/or errors. Loans are subject to borrower qualifications, including income, Property Appraisal, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines, and are subject to change without notice based on applicant’s eligibility and market conditions.
For informational purposes only. Your real estate professional is not a mortgage lender;
Please contact your Loan Officer for information about mortgage products and your eligibility for home financing.
Financing provided by PHH Home Loans, LLC, dba Sunbelt Lending Services,
300 South Park Place Boulevard, Suite 150, Clearwater, FL 33759
NMLS # 4256 PHH Home Loans, LLC, One Mortgage Way, Mt. Laurel, NJ 08054
Equal Housing Lender
No legal, investment, or tax advice is being given in this Blog. Consult with legal, financial and tax professionals before acting on any real estate transaction. Actual real estate price and sales results are subject to market forces and are not predictable. The writings of this Blog are intended for the sole use of our clients.
Some of the data relating to Naples homes for sale and Naples real estate for sale on the NaplesBestAddresses.com website comes in part from the Broker reciprocity program of M.L.S. of Naples, Inc. The properties displayed here may not be all the properties available through the MLS reciprocity Program. This information is deemed reliable but is not guaranteed. Buyers and sellers are responsible for verifying all information about their purchase prior to closing.