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Historically Low Interest Rates Equate To Big Savings

by Diane Cardano-Casacio & Her Team

If you are thinking about buying a home, but want to make sure you time the market right, we are talking to you. Home prices seem to have stabilized in most areas, and interest rates are incredibly low compared to even 4 years ago. Many buyers, especially first time home buyers, don't realize the role that interest rates play on how much they can afford. 

To put it into perspective, a mortgage a 30 year mortgage for 200k at 6.5% runs about $1264 for principal and interest only (you still have to add taxes, insurance). Compare that to the same 30 year mortgage for 200k at a 3.5% interest rate- your payment for principal and interest only will run about $898. That's a big difference- about $366 to the average buyer less for the same house with today's interest rates than interest rates from 4 years ago.

We can put it another way too. Roughly speaking, a 200k house at 6.5% interest rate would cost you about the same in principal and interest as a house that costs 270k, at today's low interest rates around 3.5%. Combine that with the amount home prices have dropped over the years, and you have perfect timing to purchase a home, or to move up to a larger home.

It's simple math- now is the time to buy.

Children's Stories at Wentz Run Starting June 19 With The WVPL

by Diane Cardano-Casacio & Her Team

The children’s librarian from the Wissahickon Valley Public Library will be reading stories at Wentz Run Park Tot Lot on Tuesdays, starting June 19th through August 7th, at 10:30 a.m.

For more information call 215-643-1320.

 

Movie Series Starts June 19th Whitpain Township

by Diane Cardano-Casacio & Her Team

Shrek and friends pay a visit to Wentz Run Park on Tuesday, June 19 when Puss in Boots kicks off the Summer Concert and Movie Series.

The movie begins at dusk. Admission is free.

The Concert and Movie Series is sponsored by Genisys Credit Union.


 

Are You A First-Time Home Buyer?

by Diane Cardano-Casacio & Her Team

If so, you probably have a lot of questions. You may not know where to start. Or you may think you know what to do and what to expect (even though you don't know what you don't know yet!)

You're not alone. Most first time buyers have tons of questions swirling in their heads, and they don't know if they should talk to a real estate agent or a mortgage lender first. And then there are parents with their sometimes old-school advice. A lot has changed in the real estate market in the last few years, let alone the last 30!

The best place for you to start is to come to a free Home Buyer Workshop that allows you to learn more about the steps you need to take, and has all the key players (real estate agents and mortgage company representatives) there to answer your every question. See our list of upcoming workshops here: www.SavvyHomeBuyerWorkshop.com

 

Upper Dublin "Mornings In MonDaug"

by Diane Cardano-Casacio & Her Team
  • Time: 8:30 AM - 10:30 AM
  • Location: MonDaug Bark Park

Bring your dog and socialize with other dog owners. Enjoy complimentary treats and coffee from Danielle's Espresso Cafe. Event is free, but donations for dog park improvements accepted. 1130 Camphill Road, Fort Washington

Home Seller Seminars- This Week

by Diane Cardano-Casacio & Her Team

This is going to be a busy week, with 2 Home Seller Dinner Seminars at Whitemarsh and North Hills Country Clubs.

Who do you know who is planning on selling their home in the future? Share with them this link and suggest that they attend this Tuesday or Thursday night!

www.ForHomeSellersOnly.com

Displaying blog entries 1-6 of 6

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Diane Cardano & Associates
CARDANO Realtors
1021 Old York Road, Suite 401
Abington PA 19001
Office: 215-576-8666
Fax: 215-576-8677