Weichert announces all-time low cost of homeownership

You’re probably used to thinking that patience can be a virtue when you’re shopping for a bargain on a large purchase. But when that purchase is real estate, the opposite is true. Today’s conditions – attractive home prices and interest rates at historic lows – have combined to make the current housing market one of the most affordable in decades. If buying a home is in your future, let Weichert help you take advantage of this once-in-a-lifetime opportunity right away.

Signs are already pointing to higher interest rates and, with home prices stabilizing or increasing in most markets, waiting to buy a home could easily cost you several thousand dollars each year.

Comparison of cost at sample mortgage amount:
$275,000 Mortgage At current low interest rate $1476.26 per month Savings of $172.50 per month and more than $62,000 over 30 years
$275,000 Mortgage At 1% increased interest rate $1648.76 per month

To learn more about this unprecedented opportunity, call 1-800-USA-SOLD or we can contact you.

Special message for First-Time Buyers:

If you're not yet sure whether you can afford to own your own home, we have good news. The National Association of Realtors® has determined that the average sales price of a typical starter home dropped nearly 24 percent from 2007 to 2010. That equates to a savings of $40,000 on the purchase price of a home. At the same time, because of lower interest rates, the typical first-time buyers' monthly payment dropped nearly $400 from $1,083 to $709 and the income needed to qualify to purchase a starter home dropped from $52,000 in 2007 to $34,000 today. Ask your Weichert Sales Associate to introduce you to a mortgage specialist from Weichert Financial Services who can quickly help you determine exactly what size mortgage you can afford.

© 2010 Weichert, Realtors®. Each WEICHERT® franchised office is independently owned and operated. Weichert® is a federally registered trademark owned by Weichert Co. REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics.

*Interest rates quoted are as of July 28, 2010 and subject to change without notice.
Featured monthly payments are based on a $275,000 30-Year mortgage calculated with closing costs of $10,000 with an increase from 5.00% (5.317% APR) to 6.00% (6.337% APR). Mortgage rates and programs are subject to qualified buyers. Certain terms and restrictions may apply. Not available on all mortgage loan products or property types. Figures herein are approximate and do not include property taxes, hazard insurance, or homeowners association dues for a condominium purchase. Not responsible for typographical errors. Closing costs vary by loan by loan basis.