Greater Columbia, Chapin, Irmo, Lexington and Lake Murray.

Monday, June 7, 2010

Home Buying Time in Columbia, SC

NOW is the time to BUY:  Really Low Mortgage Rates are Available

Mortgage interest rates are below 5%!  In fact, the other day I called and found a 30 year fixed rate at 4.5%.  Here are some numbers to show how significant savings can be with the current really low mortgage rates, assuming a $150,000 mortgage for 30 years:

6% mortgage - historically a low/competive mortgage rate.
Per month for principal and interest = $899.33 per month

4.5% mortgage -  A GREAT rate in June 2010!
Per month for principal and interest = $760.03 per month

The Savings:
SAVE $139.30 per month (a savings of 15.4% per month)
SAVE $50,148 over the 30 year mortgage

CLICK HERE: Mel's Recommended Mortgage Professionals in Columbia, SC

When you are ready to buy a home in Columbia, South Carolina (including Irmo, Chapin, Lexington, Lake Murray, Northeast Columbia, Southeast Columbia), be sure to call Mel Coker.

Call Mel Coker at (803) 388-8011.

Mel Coker
Realtor, CRS, ABR, GRI, e-PRO

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