Should I wait for REAL ESTATE prices to go down before I BUY?


LET’S EXPLORE -- Buy my Granada Hills listing Town-House at $375,000 with 20% down payment - $75,000

Estimated Interest Rate: 4.99%
Loan Amount: $300,000
Monthly Property Taxes: $391
Monthly Homeowners Insurance: $80
Monthly HOA: $485
TOTAL PAYMENT: $2,564.63

OR wait for the market to go down 10% and purchase at $337,500
Estimated Interest Rate: 6%
Loan Amount: $270,000
Monthly Property Taxes: $352
Monthly Homeowners Insurance: $80
Monthly HOA: $485
TOTAL PAYMENT: $2,535.79

While you wait you're paying someone else's mortgage by renting and not receiving a tax benefit. On top of that the total cost for the higher interest rate is much more in the long run.


.. you decide.


Comments

  1. Радомир ЭраNovember 18, 2019 at 3:11 PM

    If you had financial problems, then it is time for you to smile. You only need to contact Mr. Benjamin  with the amount you wish to borrow and the payment period that suits you and you will have your loan in less than 48 hours. I just benefited for the sixth time a loan of 700 thousand dollars for a period of 180 months with the possibility of paying before the expiration date. Make contact with him and you will see that he is a very honest man with a good heart.His email is lfdsloans@lemeridianfds.com and his WhatApp phone number is + 1-989-394-3740 

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