low interest rates = great opportunities for buyers

We all know that interest rates are low. We have been hearing or reading about it for quite some time, and we may zone out without figuring the true value. The fact is, if you have good credit, you would be surprised at just how low your monthly payment on principal and interest could be.

For comparison, lets look at a $75,000 loan.
Take for instance, an FHA loan, at 4.375%, 20 years = $469.44, 30 year = $374.46.
Or a 10 year ARM, at 3.75%, figured over 20 years = $444.66, 30 year = $347.33
Or the 2.99% 5 year balloon, figured over 20 years = $415.57, 30 year = $315.79.

On a $100,000 loan, these same calculations would yield payments of $625.92 to $421.06.


These types of rates can be found locally from our area lending institutions. There are also some programs that require very little down payment. For more information, please see your local lender or give me a call. Lower monthly payments allow you to pay off debt quicker or purchase a higher value home.

Windshield time without the window

While the realty business can be a lot of hard work and many hours, once in a while you need to travel the back 40, check out the crops and maybe just enjoy the day. I was able to do that Saturday morning. As part of Hawkeye Fun Day, I participated in a 39 mile tractor ride. I rode my 1942 Farmall H as about 70 tractors took part in the ride. The scenery was great as were the crops. I'm pictured waiting my turn to go down the street for the parade.

Open House at 308 Alexander

We are holding an open house at 308 Alexander in Fayette, Thursdday evening from 5:30 to 7 pm. If you're thinking about a new home with lots of space, this is the home for you. Overall, there is 3000 sq ft of living space, an attached 2 car heated garage and a 10 x 20 wood deck. The main floor is 3 bedrooms, 2 baths, kitchen, dining, living room and laundry room. Downstairs is 2 more bedrooms, full bath and a huge family and utility room.

This is an energy star home and you will save greatly on heating and cooling costs. Stop in for a look around.