Metro Detroit Real Estate Reality Check: Take Advantage of Interest Rates RIGHT NOW
Interest rates are STILL low. But how will this impact your monthly mortgage payment? Don’t worry-I am here to help you understand!
You’ve heard me say it time and time again—INTEREST RATES ARE SUPER LOW! However, since they’ve been low for so long, I have this theory where I think many people are ignoring this incredible opportunity because the fact of the matter is that they don’t fully understand what having a mortgage with a low interest rate means... So if numbers and interest rates aren’t your cup of tea, no worries—I got you!
Below is a basic chart featuring four of my listings with a price breakdown of each home if you were to put 5% down. Start with the chart overview then scroll through to each home to see just what each of these properties has to offer.
If you’re surprised by how affordable these homes are then it’s probably time to setup a call with me to explore ALL your options. Once people realize how much home they can actually easily afford they usually end up pretty shocked…so if interested in one of these listings, read the caption with more info to explore all the details :)
This chart is all thanks to my amazing friend and colleague, Chris Kemp from Flagstar Bank, who is a mortgage expert (and who I refer everyone to use)…! Thank you Chris for your help on this. Contact Chris for all your mortgage needs and tell him I referred you!
It’s always my goal to provide easy resources that educate you all about the real estate market, so if this chart helped you then I’d love to hear from you. And if it wasn’t that helpful, I’d love to hear from you too! DM me on IG to tell me what you’d like to see next month!
Until next time, XOXO, Erica