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The Best Time Ever to Buy

26 Sep

If you are truly interested in buying a home in the McKinney real estate market, Frisco real estate market, or any Collin County real estate opportunity, now is the time to buy.

Consider a starter home, in McKinney Texas, priced at $150,000 at todays low mortgage rates you can buy with 3% down, and can get a 30 yr mortgage at 4.4% (approximately)  per year interest. The monthly payment would be as follows:

Loan Amount: $145,500

Term: 360 months

Interest Rate: 4%

Principal and Interest: $728.61/mo

Estimated Real Estate Taxes: $350/mo

Estimated Insurance: $175/mo

Total P.I.T.I = $1,253/mo (approximately)

That’s less than the cost to rent a 2 bedroom, 2 bath quality apartment. Now is the time to buy in the McKinney real estate, Frisco real estate, or any other Collin County real estate market.

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Posted by on September 26, 2011 in Uncategorized

 

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