The right or wrong decision when signing your home mortgage can mean thousands of dollars difference in interest paid. Doesn't it make sense to know as much as possible about the financing of your home? Take the time to thoroughly investigate all of your options!
Buyers, you might think you should wait until prices bottom out, but waiting for the best price might actually end up costing you more money based on price plus interest rates (total cost for the home).
For every 1% increase in interest rate, your buying power is lowered $10,000. Check out the excel spreadsheet attached and plug in your numbers.
Santa Cruz - Capitola CA - Aptos - Scotts Valley, California Real Estate
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