The Motley Fool offers great research as to why 2014 is a great year to buy a home, based on the fact that mortgage rates are low.
A chart in The Morley Fool article emphasizes the point that the total cost of a home purchased today for $250,000 with a 20% down payment and a 30-year fixed-rate mortgage is substantially less ($399,200), compared to the total cost based on average mortgage rates ($604,760). That’s a savings of more than $200,000, because of today’s low mortgage rates.
We highly recommend that you review The Motley Fool article: Mortgage Rates: Why 2014 Is a Great Year to Buy a Home.
The Marimark Mortgage Newsletter will keep you informed with important events in the mortgage industry that could impact your finances.
We especially focus on ways to save money on your current and future mortgages. And, we continually share the information we share with our clients, because we believe informed consumers are the best consumers.
Real estate agents, and other professionals in the industry, will receive an ongoing wealth of information that will help them serve their clients.
