Here it is in black and white. If you are one of those individuals who has been sitting on the fence waiting for prices to drop even more, I think you will find this information very informative and enlightening to help justify NOW is the time to buy!
During a meeting with Robert Wolverton at Cobalt Mortgage earlier today, he shared this spread sheet with me. Basically, he shows here is you buy a home today at a point when interests rates are really low versus waiting a year or two or five down the road when rates will most likely increase. Many people fear home values could potentially drop (although all indicators see the market as leveling out) but Rob breaks it down so you can see even if they did when compared to an increase in the rise in interest rate you would have a very minor difference in mortgage payments -- just goes to show it is a wise choice to buy now!
Call Rob for any questions relative to financing, including a great new program to buy Fannie Mae owned properties! His number is 425.418.3233
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