Home Myths Busted
$2.99Price
🚨 Home Price vs. Interest Rate – Which Matters More? 🚨
Most buyers focus on home prices, but interest rates have a way bigger impact on your monthly payment! Here’s proof: 👇
🏡 $450,000 home at 6.75% interest
💰 20% down = $90,000
📉 Monthly payment: $2,334🏡 $500,000 home at 5.5% interest
💰 20% down = $100,000
📉 Monthly payment: $2,271🤯 The higher-priced home actually costs $63 LESS per month!
💡 Lesson? Waiting for home prices to drop while interest rates rise could actually cost you more.
📩 DM me if you want to run the numbers for your situation!
#HomeBuyingMyths #InterestRatesMatter #Mortgage101 #RealEstateTips
