Did know that today’s historically low interest rates mean that you can buy more than DOUBLE the home you could have purchased in 1985 at the SAME monthly payment?
Our friends at KCM Blog helped us create this infographic showing that RIGHT NOW every $1k in mortgage payment equals $212k in mortgage loan amount.
This ratio is near historic lows – low payment as compared to amount financed. Basically the cost to finance your home is on clearance SALE, 50% to 75% off right now.
Please contact one of the loan officers listed here in the state you are buying in to see how much house these historically low rates will allow you buy. But get moving, these rates won’t last forever!