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Record Low Interest Rates!

With the passing of the $8000 tax credit deadline some buyers may feel they have missed their opportunity to save big on a home purchase but the current record low interest rates tells a different story. There are currently rates as low as 4-5% available on home purchases and that means incredible savings over the life of a typical mortgage. For example:

A buyer purchases a home and takes out a $100,000 mortgage for 30 years.

RATE: 4% 5% 6% 7% 8%
Payment: $477.41 $536.82 $599.55 $665.30 $733.76

While the interest rate difference between 4% and 8% does not look that big at first glance, it is huge when you figure the difference in payments. The 4% buyer will save $256.35 per month because of their lower rate. Over 30 years that is a whopping savings of $92,288! A lot better deal than getting an $8000 tax credit at say 8% interest.

These low interest rates cannot stay low forever so now is a great time to buy a home and save BIG over the long haul.

	Open Sunday, May 26, 2013 (1:00 PM - 3:00 PM) 6429 Pook Road, South Whitley $154,900, 3 BD/3 BA Agent: Sheri Millspaugh
	Open Sunday, May 26, 2013 (1:00 PM - 3:00 PM) 5121 Highpoint Drive, Albion $174,900, 1 BD/1 BA Agent: Timothy Brower
	Open Sunday, May 26, 2013 (1:00 PM - 3:00 PM) 3393 Old Lake Road, Columbia City $174,900, 3 BD/2 BA Agent: Timothy Brower
	Open Sunday, May 26, 2013 (1:00 PM - 1:00 PM) 6611 200 West, Columbia City $209,900, 4 BD/2 BA Agent: Timothy Brower
	Open Sunday, June 02, 2013 (1:00 PM - 3:00 PM) 2715 Lakeview Avenue, Columbia City $299,900, 3 BD/2 BA Agent: Darlene Nelson

Address	City	Price	BD/BA

6960 US 33	Churubusco, IN	$207,000	4/2

1951 15th Street	Albion, IN	$69,900	2/1

131 Hill Road	Avilla, IN	$61,500	4/1

702 Rush Street	Kendallville, IN	$72,500	3/1

609 Lake Avenue	Kendallville, IN	$82,100	3/2

5345 Blue Lake Road	Churubusco, IN	$79,900	2/1

203 Harding Street	Kendallville, IN	$99,000	3/2

2921 800 South	South Whitley, IN	$210,000	3/3

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