Why is it so tough to find an interest rate payment chart?
This is another post in the 'Real Estate 101' series where I have attached an interest rate payment chart for buyers interested in knowing what a payment would be with each interest rate jump either up or down. You wouldn't think in this day and age that it's a big deal - but it is! I've went to countless mortgage websites, both big and small, and came up short. We've got plenty of fancy 'calculators' but nothing where you can actually see 5% is ??? 5.5% is ??? I've got bad credit so mine is 6.5%.
This is a classic example where you can see WHY your credit report score is so important to your payment. If your credit score has a few bumps in the road it definately means you are paying a higher interest rate and you should work on getting your credit score back in order.
Lyn Sims (847)230-7324 at RE/MAX Suburban
I proudly serve and sell real estate in the Northwest Suburbs of Chicago. If you are thinking about purchasing or selling your home in the communities of Schaumburg, Hoffman Estates, Elk Grove Village, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Bartlett, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.
© 2010 Lyn Sims
I would really like to have that chart in wallet size!
your friend in Charlottesville!
Charles McDonald
Remember the old wallets with the 'chunk' of fold out pictures that flew out like an accordion? That's what it would take I'm afraid. Great thought, but I DO wear glasses now.