Locking in Low Interest Rate
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Interest Rate Comparisons: It compares the financial differences when purchasing a home at various interest rates. The flyer shows that a higher interest rate can significantly increase your monthly mortgage payment and the total amount you end up paying.
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Impact of Delaying: It underscores the financial consequences of delaying your purchase in hopes of a decrease in interest rates. Using a realistic example, it calculates that you could miss out on approximately $23,400 in home equity within a year if the market appreciates by 5%. This loss stems from paying a higher price for the same property later, alongside possibly higher interest rates.
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Timely Real Estate Decisions: The information encourages you to think about the timing of your real estate investments. In a market where property values are rising, it might be more beneficial to act quickly rather than wait for a small change in interest rates.
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Contact Information: If you’re considering buying a home and want more information about current market conditions, reach out to ACB Realty, Inc. We’re here to help you navigate your home buying journey with the latest market data and property listings.