Rising interest rates and affordability are hot topics. The market has been unsustainably hot for a couple years now. I see people paying $2,500-$3,000 a month in rent (at 100% interest) with no ability to control future increases. $2,799.86 is the principal and interest payment a month on a $500,000 house at today’s rate of 5.375%. That payment is fixed. You never have to worry about the rent going up, the landlord selling, having to find something in the same school zone or close to work; it is yours.
Inventory is up, days on the market is increasing, so it is a perfect time to get in the game. If you need credit repair, downpayment assistance, closing costs, a starting point, we can help!
775.750.5492.call/text
cklingler@dicksonrealty.com
