You do the math…home mortgage payments down to pre-1987 levels?

Declinesinmarketvalue_title

Here is a real life scenario in Anaheim Hills, CA.  This is not my story, so I will post it as I received it.

“My parents bought their home in 1987 for $250,000 at 17.5% interest.  Their monthly payment was $3,265.99/month. 

 

My parents sold the house in 2005 for $820,000 to a buyer who paid 6.5% interest for a monthly payment of: $5,239/month

 

Their same model just sold for $595,000 at 3.94% interest rate.  These buyers monthly payment will be: $3,049.39/month

 

Now that is some crazy Math!  Home prices are back to 2001 levels, but with interest rates as low as they are, the monthly payments are down pre-1987.   WOW”

It totally makes sense to buy right now.  Call me to get started!

Aaron Zapata, MBA
"Your Personal Consultant"

Prudential CA Realty Lic. 01346534

p. 714.904.7877 

f.  714.780.1304
w. www.AaronZapata.com 

Who is Aaron Zapata? Click here to watch his video.

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