Tagged : buyer 
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Top Things To Consider When Buying Real Estate
Friday, January 7th, 2011 at 10:38am. 1077 Views, 0 Comments.
If you are planning on buying a home there are a few things that can benefit you if it were included in the home, besides the appeal of the living areas. When searching for a home, the market can be difficult to understand, therefore many people choose to purchase a home through a real estate agent, but this is not necessary in all home purchases.
When picking out the home of your dreams, the location of the home is commonly the most important aspect of any property. If your new home is in an isolated area, fifty miles from the nearest gas station, school, or your personal job, this might cause a problem. If it is convenient to local shops, schools, parks, your job, the neighborhood is quiet, and the neighbors are nice, more than likely you will lean…
Reduced Price vs Changes in Interest Rate
Tuesday, February 23rd, 2010 at 11:45am. 1754 Views, 0 Comments.
I am going to use a loan value of $200,000 for this example and strictly look at principal and interest.
- Financed amount = $200,000
- Rate of interest = 5%
- Term of 30 Years
- Payment = $1073.64 per month
- Payment with 1/2% Rate increase = $1135.58
- Payment with 5% Price increase = $1127.33
- As you can see a ½% rate increase has about the same effect on payments as a 5% price increase.
To take this just one step further.
- Payment with 1% Rate increase =…