It’s true. With current mortgage rates continuing to remain at historically low rates, buying a home in today’s market makes a great deal of sense. To help put things into perspective, take a look at these rates and their corresponding monthly mortgage payments on a $200K Home Loan:
8% mortgage rate: $1,600
6% mortgage rate: $1,200
5% mortgage rate: $1,000
4% mortgage rate: $800
Note: These payments are approximations and they are based on a 30 fixed rate mortgage and strong credit. Includes principal and interest, excludes taxes and insurance and additional fees.
To learn how you can take advantage of our historically low mortgage rates, contact Mark Gill at www.mtgwest.com.
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