What will it cost to buy a home in 2016?

What will it cost to buy a home in 2016?

Understanding the difference between cost and price can save you money when you purchase your Lake Mary home.

Here is a simple demonstration of what impact an interest rate increase would have on the mortgage payment of a home selling for approximately $250,000 today if home prices appreciate by the 5.2% predicted by CoreLogic over the next twelve months:

Cost of buying a home in 2016

 

Home prices and mortgage interest rates are expected to rise in 2016, if you’ve been wanting to buy a home we can help! For more information about purchasing a home in Lake Mary, please contact your Lake Mary REALTOR, Debbie Summers @ 407-758-1020 or via email @ Debbie@MoveToLakeMary.com.

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