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Now May Be The Best Time for You to Buy A Home in McKinney

09 Feb

Mortgage rates under 4% are incredibly low! How would that help you decide NOW might be the right time for you to purchase a home in McKinney, TX. In Texas, the median price for a home is $150,000. In McKinney, TX it is  $225,000. The monthly mortgage and principal payment would be $716 a month on $150,000. In 2000, the median home price was $128,000, but the interest rate was 7.65% and the monthly payment was $912.

Today, you can buy a more expensive home for nearly $200 less per month on the payment! In summary, the median home is $21,500 higher which would save you $2352 a year or $70,560 over a 30 yr loan.

These savings are in any price range.

Why wait, call me today and let’s get started!

 

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Posted by on February 9, 2012 in Uncategorized

 

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