Real Estate 411: What do you want to do with YOUR money?
Real Estate 411

Scott Kennedy

Judge Fite Company

What do you want to do with YOUR money?

This month's 411 shows you why NOW is the time to purchase real estate. Compared to our history, property is more affordable now than it has been in years. Whether you are upgrading to the home of your dreams or a first-time homebuyer, NOW is the time to put your money into real estate!


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Real Estate 411 - 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
$200,000 Today @4.5% $1,013.37 a month $ 364,813
$200,000 In 2008 @6% $1,199.10 a month $ 431.676
$200,000 in 1983 @13% $2,213.40 a month   $ 796,824  
$100,000 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:Jill Clifton & Brian Tarbet Cendera Funding
NMLS # 237394

Scott Kennedy
CENTURY 21 Judge Fite Company

Real Estate is GREAT! at CENTURY 21 Judge Fite Company

We are spreading the word that “Real Estate is GREAT! at CENTURY 21 Judge Fite Company”. There is real estate to be bought and sold in the Dallas/Fort Worth Metroplex and we are doing it! Each month we will deliver a new Real Estate 411 that will give you INFORMATION you need to know and that will keep you informed on what is happening in our local real estate market.

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