|
|
Why Invest Now in Real Estate?
Waiting to buy real estate today can cause a buyer to not only miss
out on lower prices, but also risk paying higher mortgage rates that
can go back up from today’s very low rates to much higher rates that
we saw in the early 1980s (well into the double digits!)
Examine the chart below:
|
Principal (after down payment) |
30-Year
Fixed Rate |
Monthly
Payment |
| $120,000 |
5.5% |
$681.35 |
| $120,000 |
6.5% |
$758.48 |
| $120,000 |
7.5% |
$839.06 |
| $120,000 |
8.5% |
$922.70 |
| |
|
|
| $300,000 |
5.5% |
$1,703.37 |
| $300,000 |
6.5% |
$1,896.20 |
| $300,000 |
7.5% |
$2,097.64 |
| $300,000 |
8.5% |
$2,306.74 |
|
