Posted by: kgreenrealestate | May 24, 2012

INTEREST RATES!!

As a Realtor and a consumer, it is hard to overlook the opportunities out there in the real estate world. Rents are in great demand pushing the costs up, which makes an affordable mortgage the same cost ,or close to, a typical monthly rent liability.

For a quick glance, this chart explains:

all figures based on 4% interest rate: 125000=600/month    Principal & Interest only

                                                                               150000=716/month

                                                                               175000=835/month

                                                                              200000=954/month

with the average rental liability of 1200/month or higher, this seems to be a no brainer…..then, of course, this not take into effect the write off u get on your taxes at the end of the calender yr! certainly something to think about-

www.kgreenrealestate.com                                                       www.rosehavenstables.com

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