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North East Ohio Real Estate

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Interest Rate Stimulus Package!

Almost every buyer today is wondering if there will be another $8,000 tax credit. Yes, that $8,000 is a huge help and it was a wonderful program to help stimulate home sales. However, most home buyers are over looking the best yet time sensitive opportunity at hand.
What is it? THE INTEREST RATE STIMULUS PACKAGE

Let me break down this package for you:

Interest Rates at: 4.23% Interest Rates in 2007: 6.34%

2010: On a $150,000 30yr mortgage at rates of 4.23%. Your P&I = about $736
2007: On a $150,000 30yr mortgage at rates of 6.34%. Your P&I = about $936

THAT IS THE INTEREST RATE STIMULUS PACKAGE! Let me explain.

$936 - $736 = $200 a month you are saving because of the ALL TIME LOW INTEREST RATES

$200 x 12months = $2400 a yr x 30yrs = $72,000

That is $72,000 you save. That is real money! Look at the big picture when you are considering buying a home and you might decided RIGHT NOW is the perfect time to buy.

Grants! Please?

Home buyers are always looking for a grant or a program that may be able to assist them in the purchase of their home. I stumbled across this website today. Looks like a promising resource. You can search many grant categories including housing. I will keep up on this site and add it to my multiple streams of knowledge for my business.

For more info on Grants click the link below:
What Grants are out there Right Now?