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RE/MAX Center
Lisa Harris
1225A Tuscany Drive
Braselton  GA 30517
 Phone: 678-804-2606
Cell: 404-307-9898
Fax: 404-592-4600 
LHarris@remax.net
Investment Opportunities
Lisa Harris

Negotiating Interest Rates - How it Impacts the Monthly Payment


Select a Professional Lender that is known for Competitive Rates,
Great Customer Service, Diligent Follow-up Skills, Knowledgeable Staff,
and an Industry Reputation for Closing on Time!

Considering Renting vs. Buying?  Talk to a knowledgeable lender today to understand the true value of home ownership.  NOW is an incredible time to buy - the key is to understand the tax advantages, financing alternatives, and investment aspects of home ownership in today's environment. 

Pre-Approval vs. PreQualification?  Partnering with a professional mortgage consultant will help you to understand which type of loan is right for your situation.  There are several types of loans available today besides the typical Fixed & Adjustable Rate mortgages - you may want to consider FHA, VA, USDA Rural Development, Conventional, HomePath, HUD ($100 down), FHA Rehab 203k, & Jumbo Loans.   

Get your PreApproval Letter Now - Your lender will provide you a PreApproval Letter that you will provide to the Seller when you place an Offer on your new property.  Call today if you'd like to get connected with the best professionals in the area.  We're happy to help. 

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Did you know that a ½% change in interest is approximately equal to a 5% change in sales price - it is easy to quickly see the importance of the relationship of interest rates to the monthly payments.  Here is a quick example:

Change in Interest vs. Reduced Sales Price
Purchase Price $200,000
Interest Rate 5%Term 30Payment $1,073.64
      
½% Increase in Rate $1,135.58
5% Increase in Price $1,127.33
A ½% change in interest rates is approximately equal to 5% change in price
 
1% Increase in Rate $1,199.10
10% Increase in Price $1,181.01
A 1% change in interest rates is approximately equal to 10% change in price


Just gather these documents when you are ready to get started:  
- 2 years Tax Returns & W2's
- Last 30 days Pay Stubs
- Last 2 months Bank Statements
- Copy of Driver's License or Passport
- Copies of Tax Bills, Insurance Coverage & Mortgage on any other Real Estate Investments

Interest rates are at historic lows!  Now, is the best time to take advantage of these awesome rates.  Call 404.307.9898 or email today for a list of some great lenders - they can help with 1st Time Home Buyers, Move-up Buyers, Refinancing, & Investors.

Looking to buy or sell?  Be sure to call Lisa Harris 404-307-9898!
Expect Exceptional.  www.LisaHarrisRealty.com  LHarris@remax.net