Funny, how in 2005 we were willing to pay more and have higher Interest Rates...in 2005 - 2006 around 6.5% this coupled with the inflated pricing of housing We couldn't purchase fast enough and it resulted in multiple offers that inflated the price even higher...
Now we have great pricing and terrific rates and we are sitting in rentals, paying the bill for someone else ...what are we doing to get moving??? Maybe we need to bring the "Home" back into the picture and take a little of the "Investment" out of the picture...
A $200,000 purchase, today, with 20% down @ 4.25% brings the monthly payment to $787.00
In 2005 - 2006 the same payment would have been $1,011.
When you factor in the Interest Tax credit can you rent for this??? $200,000 will also purchase you a larger, nicer home than it would in 2005 - 2006...Win/Win!!
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