Thursday, September 8, 2011

What do you want to do with YOUR money?

Be prepared for your next real estate transaction

It is the BEST of times, it is the WORST of times. You’ve heard it said often, right? But there has never been a BETTER time to BUY real estate than NOW!

It is the BEST of times, it is the WORST of times! You’ve heard it said often, right? Well, it may be only partially true. In our economy today, people all over the country view the Real Estate market as going through one of the toughest times in many years - and we have certainly had our bumps. Overall, home prices have dropped over the last five to six years across most of the country, BUT THERE IS GOOD NEWS! Interest rates remain at record lows! And MORE GOOD NEWS is that the current rates make it more affordable to purchase real estate - so I would say that NOW is one of the best times to invest in real estate, NOW is the best of times - and I will show you why.

According to Cendera Funding DFW Regional Manager, Jill Clifton, “the Federal Reserve's highly unusual promise — to keep interest rates low for "at least" the next two years — should assuage fears of a rising rate environment. The positive effect that has on real estate is that flat or declining values offer additional affordability, allowing many more buyers the ability to qualify for a home mortgage loan. There has been some recent credit softening that will allow consumers with lower than 600 credit scores the ability to qualify under certain conditions.”

Here is an illustration of a comparison of rate and purchase price history (taxes and insurance have been taken out of the equation).

Loan Amount


Principle and Interest*

30 Years of Payments


Today @4.5%

$1,013.37 a month

$ 364,813


In 2008 @6%

$1,199.10 a month

$ 431.676


in 1983 @13%

$2,213.40 a month

$ 796,824


in 1983 @13%

$1,106.20 a month

$ 398,232

*These payments do not include Private Mortgage Insurance (PMI).

The chart illustrates that today you are able to borrow double the amount of money someone could 28 years ago and pay less principal and interest! Real Estate is not a get rich quick investment but over the years it has always been a solid investment!

So, the question is – what do you want to do with your MONEY?

Article Contributors:

Brian Tarbet Cendera Funding

Brian Tarbet
Cendera Funding
817-219-5555 cell

Jill Clifton Cendera FundingJill Clifton, Regional Manager
214-232-0979 cell

Contact Jill or Brian to see if you qualify for a low-interest loan and to get started with your smart real estate investment.

NMLS # 237394

CENTURY 21 Judge Fite Company

800-451-8055 or email