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Tag Archives: TENNANT HIGH SCHOOL

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Let Us Show You Our Work…

The Facchine Group

 
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Posted by on 2013/10/22 in Uncategorized

 

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Ask And You Shall Recieve…

Finding Homes

 
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Posted by on 2013/10/11 in Uncategorized

 

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Welcome HOME!!!

Welcome HOME!!!

Homes in conshohocken

 
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Posted by on 2013/10/10 in Uncategorized

 

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Strategically Strategic…

Coldwell Banker Preferred Conshohocken

 
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Posted by on 2013/10/01 in Uncategorized

 

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We Make Things Simple…

We Make Things Simple…

Montgomery Real Estate Sales

 
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Posted by on 2013/09/08 in Uncategorized

 

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The Facchine Groups Latest Listing…

The Facchine Groups Latest Listing…

THe Facchine Group in West Conshy

 
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Posted by on 2013/09/05 in Uncategorized

 

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Monica Knows $$$$…

Monica Knows $$$$…

The COST of a Home: Last Year, This Year & Next Year

The cost of a home is determined mainly by two components: price and mortgage rate. Today, we want to show how the monthly cost of purchasing a median priced home has changed over the last twelve months and how it might change over the next twelve months. For the first two examples, we will be using the National Association of Realtors’ (NAR) Existing Home Sales Report to establish median price and Freddie Mac’s Primary Mortgage Market Survey to establish mortgage rate. We also assumed a 20% down payment in all examples.

LAST YEAR

The median priced home in the country was selling for $187,800. The 30-year fixed mortgage rate was at 3.5%. Here is what it would cost to buy a home last year:

TODAY

The median priced home in the country is selling for $213,500. The 30-year fixed mortgage rate is at 4.5%. Here is what it would cost a purchaser to buy a home today:

The monthly cost increased by: $190.78!

NEXT YEAR

Projecting into the future in real estate can be rather tricky. To establish future pricing, we depended on the over 100 housing experts surveyed for the Home Price Expectation Survey who called for an approximate appreciation rate of 5% over the next twelve months. For the interest rate, we took the average of the projections from the Mortgage Bankers’ Association, Freddie Mac and Fannie Mae. Here is what these experts project will be the approximate cost of a home a year from now:

The monthly cost will increase by about: $97.32!

Bottom Line

From a financial perspective, DON’T WAIT  if you are thinking about buying?

*Interest Rates are estimated for example purposes only
Monica Palatano | Sr. Mortgage Advisor
Cell (610) 637 1155 | Right Fax  # (856) 917-1226 -no loan # required
Email monica.palatano@mortgagefamily.com
website: http://monicapalatano.coldwellbankerhomeloans.com/
**NMLS# 121108
*** Do you already have a Pre-Approval?
Get a FREE 2nd Opinion with Coldwell Banker Home Loans

 
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Posted by on 2013/08/26 in Uncategorized

 

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