Question: Why Should You Buy Now? Answer: The Likelihood of Higher Interest Rates (Example Reflects 20% Down) Today a $500,000.

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Presentation transcript:

Question: Why Should You Buy Now? Answer: The Likelihood of Higher Interest Rates (Example Reflects 20% Down) Today a $500,000 Home, Interest 6.00%, Monthly Payment of $2,398 Today a $500,000 Home, Interest 6.00%, Monthly Payment of $2,398 Future Property Value Decrease of 10% The Same Home valued at $450,000, Interest 7.00%, Monthly Payment of $2,395 Future Property Value Decrease of 10% The Same Home valued at $450,000, Interest 7.00%, Monthly Payment of $2,395 Future Property Value Decrease of 20% The Same Home valued at $400,000, Interest 8.00%, Monthly Payment of $2,348 Future Property Value Decrease of 20% The Same Home valued at $400,000, Interest 8.00%, Monthly Payment of $2,348

Why Buy Now??? (Example Reflects 20% Down) PurchasePriceInterestRate Monthly P.I. Payment $500, %$2,398 $450, %$2,395 $400, %$2,348

FHA BUYER NON-ALLOWABLES TAX SERVICE FEE TAX SERVICE FEE PROCESSING FEE PROCESSING FEE UNDERWRITING FEE UNDERWRITING FEE RE-DRAW FEE RE-DRAW FEE REVIEW FEE REVIEW FEE WIRE FEE WIRE FEE NOTARY FEE NOTARY FEE TOTAL ESTIMATED NON ALLOWABLES $1,685 TOTAL ESTIMATED NON ALLOWABLES $1,685