Go ahead and "Jump In"

I can remember when I was a little kid (and I know it's hard for you to believe that I was ever little)... we used to go to a swimming hole in Barbour County Alabama called "Blue Springs."  It wasn't very large, maybe 25 or 30 feet across like a small pond or slew that came off a river.  In the middle of the swimming hole, there was deep water spring that swirled up and was strong enough that it made the water ripple through out the "pool."  It was called Blue Springs because it was a fact that if you got in the water, you would turn blue because it was so cold! 

What I remember most about the swimming expeditions is that I would stand on the edge or await my turn swinging out on the rope... trying to muster up the courage to actually jump in.  The initial wave of "Cold" would take your breath away... and the near frost bitten experience would almost hurt for the first few seconds.  After that, everyone just puddled around turning blue!  It was a great experience...

We are economically in a slow period of housing growth...  People are scared about their jobs, their retirement accounts, what's going on with Government spending, and the possibly of higher taxes... and the list goes on.  A few years back, when gas prices jumped up so high, many people were afraid that they would not be able to buy gas to drive to work.  Housing prices have fallen, and many people now owe more than their home is worth.  I can understand the "fear" of getting off the shores and/or jumping in to buy a home. 

This week I got an email from a mortgage person giving interest rates at a low low amount in the high 3% range.  This is as low as I have ever seen interest rates. A person with a 5% interest rate moving it to 4% would save almost $50 a month on a 30 year mortgage payment owing $100,000 on their note.  It would cost a couple thousand dollars to refinance... but at $50 a month, it would take a couple years to pay that off and maybe save you some money in the long run... on a $200,000 note, it would actually save you over $110. 

Another great thing about this is the payment...  I work in a new home community in Calera called Calera Commons Townhomes Community.  Prices vary from $87,900 upwards to &107,900.  In that community there are some folks that are renting their home and paying upwards to $800 a month.  Principal, Interest, Taxes, Insurance and Mortgage Insurance on a $90,000 note at 4% over 30 years would be less than $600 a month... now, go figure.  I talked with one of these rental persons a few weeks ago and explained that they could save a couple hundred bucks a month to buy if they wanted to... they were afraid to jump into the water?!

Housing Prices are LOW!  Interest rates are LOW!  Getting a mortgage is still EZ!  There are kinds and types of mortgages out there that are hard to get... but there are many programs out there for you... and they are easy to get into.  If you have decent credit... YOU CAN STILL BUY A HOME... AND YOU CAN STILL GET A MORTGAGE!  HELLO!!!

Enough preaching...  just think about it.  Don't throw your money away on rent... don't throw your money away period!  If your in a home now, you can sell it; although for a little less than you may think it's worth, and then get an excellent buy on a newer- better- bigger- home!

If your interested... give me a call.... 205 229-3013...

Thanks for reading my blog... check out my website... www.WilliamPittman...

Pitt 

http://tinyurl.com/Calera-CommonsTownhomes
http://www.alapark.com/BlueSprings/