Are you a Fence Sitter?
By Patsy Barten, REALTOR Post Falls ID
(Keller Williams Realty Coeur d'Alene)
Are you a Fence Sitter? We have historic low interest rates now for home buyers so why would you want to be a Fence Sitter? We do not know how long the interest rates will stay down, but if you have been thinking of buying a home, there is no better time then NOW. For example on a conventional loan of $200,000.00 with $20,000 down at 4% interest your monthly payment without PMI and Real Estates Taxes would be about $860. If you wait until interest rates go up only a half percent, your payment would go up a little over $50 a month. And if you wait until the interest rate goes up to 5% then your monthly payment would go up over $100.00 a month. So by Fence Sitting you are costing yourself a fair amount of money on a yearly basis. The market has a good number of homes out there f...
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