Buyers- The time is now! If you are looking for or interested in purchasing a home, the time is now while interest rates are still below 5%. I just closed a deal today where my buyer's interest rate moved from 3.75 to 4.25% over a two month period. Some may ask what is the big? The big deal is a half of percent can significantly impact your monthly payment and depending on the term (i.e. 10, 15 or 30 years) that money can be significant! Most loans currently are 30 year terms. This means if you buy a home and have a loan of 3.75% for $200,000 your monthly principle would be $926.23. At 4.25% the same term loan would be $983.87 over 60$ per month over 360 payments equals some serious dinero that could be used elsewhere!
If you are looking to buy, sell, rent homes in Bowie MD and Prince George's County any where in the Washington, DC area. Visit and get a FREE No Hassle, No Obligation Home MARKET ANALYSIS. Come visit me and learn more at Bowie MD Homes for Sale for all your real estate needs from renting, to buying your 1st, 2nd or 3rd home, selling, investment properties. Akil Walker of Exit Bennett Realty. Exit Bennett Realty is a full service brokerage offering assistance in helping you find the perfect loan for you all the way throught finding a Title company. Your service and your satisfaction are 1st!