The recession has created an opportunity for home buyers today, to own a home at less than half of what they would have paid six years ago. That’s a real estate sale of unprecedented historic proportions! A home that would have sold for $800,000 six years ago, is today selling for right around $488,000.

Six years ago, the interest rate on your 80% loan would have been approximately 6.34%, but the interest rate today, on that same home on a 30-year fixed rate mortgage is running 3.85% and even lower at times.

See the chart above.  Your monthly payment on your home that you bought six years ago for $800,000 would have cost you $3,978 a month. TODAY, as a result of drastically decreased home prices and historically low mortgage rates, you would own that same home for only $1,830 a month--a monthly savings of $2,148! The headline says, “Half Price”, but it’s actually better than half price.

Buy a home now at half price-
- before prices rise even further. Visit our website, www.HiltonHeadRealEstateSearch.com, to find properties of interest, and email me or give us call at (843) 816-0796 with your questions, or to schedule an appointment. Rick Turner and Associates – Expect More. Get More.


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