June 5th, 2013 by admin
Posted in Cost vs Price, Interest Rates, Mortgage Interest Rate Deduction, Real Estate, Uncategorized, VA loans |
Tags: bank loan, best mortgage rate, charleston home purchase, charleston investment properties, charleston mortgage broker, interest rates, low rates, mortgage, rising rates
As interest rates begin to rise buyers lose purchasing power. Here is another opportunity to educate your buyers or fence sitters to help them understand the cost of waiting. Simply stated, for every 1% interest rates rise, a buyer will lose 10% purchasing power. With a rate of 4.25% on a 200,000 loan, the payment…
March 4th, 2011 by admin
Posted in Mortgage Interest Rate Deduction |
Getting the Mortgage Interest Deduction on your taxes each year is an important benefit of owning a home. Currently congress is discussing getting rid of this vital element. Home ownership is more affordable for everyone simply because this benefit exists. If they take it away, they will be sending the message that home ownership doesn’t matter….