By Corie Gorham
(Century 21 M&M)
Today, a customer looking to buy a house under $150,000, having 3.5% down payment, at 5.% interest rate, equates to a monthly mortgage payment of $775.00!!! This monthly payment also includes principle and interest. Income required for this loan $30,000. Can you believe it? Do you know anyone in Lodi, that is renting a home for $775.00? Now is the time to buy!