Tagged : Mortgage Rates 
There are currently 2 blog entries matching this tag.
Is a Lower Mortgage Rate or Bigger Down Payment Better?
Thursday, October 13th, 2011 at 3:06pm. 344 Views, 1 Comments.
The question of whether to buy now while mortgage rates are down or wait until you have a bigger down payment, is one that is raised quite often. First time home buyers are particularly curious about this dilemma because they are less familiar with the process and often have less saved up to put down.
Each case is a little different but in general, having a lower interest rate on your mortgage is more important than having a larger down payment. In fact, your monthly payment could easily be less if you get a great rate and mortgage more.
Here's an example:
Mortgage rates for a 30 year fixed loan are close to 4% (actually slightly less today), which means your payment for a $250,000 house would be about $1,600 per month...if you made the…
Summer News for Hirsh Real Estate Specialists
Tuesday, August 31st, 2010 at 9:00am. 283 Views, 0 Comments.
It’s been a busy summer for The Hirsh Real Estate Specialists and we are in the process of making several big changes, with a few more exciting announcements still to come. Nationally, home sales have seen two of the worst months in history but we have actually managed to see a few positive numbers locally. The silver lining to all of this is today’s interest rates. They have managed to remain at historic levels and if you can afford to buy or refinance, now is the time.
Life after the Tax Credit
There are varying opinions why national home sales saw a mini-crash after the April 30th tax credit expired but needless to say, the months of June and July were two of the lowest in US history for real estate. Even metro Atlanta saw a 26% drop and…