Tuesday, November 19, 2013

Benefits of Lower Mortgage Interest Rates

Keystone Custom Homes
If you're in the market for a new home, you know by now that while interest rates may by rising slowly, they are nowhere near as high as they have been historically. Currently, the rate for a 30-year fixed rate mortgage is around 4.35 percent, an increase from the average 3.5 percent we were seeing just a few short months ago. However, with Keystone Custom Homes, right now you can take advantage of 2.75* percent interest on their 26 quick-delivery homes.

Getting a lower interest rate on your mortgage has several benefits. The first, and most obvious, is the money you will save on your monthly payment and over the life of the loan. Even a rate reduction of one-half of a percent can make a noticeable difference in your payments. Homeowners can use the money they are saving on their loan to make improvements to their home, to save for retirement or even to put down on the principal of their loan to pay it off sooner. The second benefit is that because you will be borrowing less money, you will have more credit available to you after you make your home purchase. While it isn't wise to max out your credit, being able to secure an auto loan or credit card can come in handy.

If securing a lower interest rate on  a beautiful new home sounds like a dream come true, Keystone Custom Homes currently has 26 homes that will be move-in ready before 2014. This means you can move into your new home in Pennsylvania or Maryland faster, and save yourself money in the long run.

To learn more about their quick delivery homes and Keystone Custom Homes' current interest rate offer, call Barb DiBrito at 717-368-9831.

*The rate is based on an FHA thirty year, 5/1 ARM. The minimum down payment is 3.5 percent of the purchase price. The loan will be adjustable yearly after the initial fixed term of five years. The maximum increase per year is once percent. Seller is contributing a maximum of two points to buy down the current rate of 3.5 percent. The APR is 4.790 percent. Rates may be higher if customer does not meet underwriting criteria. Loans provided by Seller’s preferred lenders; buyer must use one of Seller’s preferred lenders and title company. Buyers must settle by December 18, 2013. Offer only available on Quick Delivery Homes. Offer subject to change without notice. Other financing available.

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