How Interest Rates can effect your home buying power!

Today's interest rates are at all time record low. If you are even thinking about buying a house -now is the time! Did you know that a 1% increase in interest rates on a $300,000 loan can reduce your buying power by 10%? This reduces your buying ability by almost $30,000. Leaving you with the loan reduced to $270k. This is not based on your income just the difference a 1% interest rate increase can do. Meaning your losing out on $30,000 to purchase a home.

Currently rates have dropped to a record low of 2.99%!

Don't miss out on the current savings!

Give me a call today for more information and we can discuss how to get you into owning your own home. I will help every step of the way, and have great resources for funding approval!

541-419-9528 josette@ramsayrealty.com