Colorado home stimulus plan online

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The Keller Williams Home Stimulus Plan is a great way for sellers to compete with foreclosures without reducing their sales price.

The Keller Williams Home Stimulus Plan is a great way for sellers to compete with foreclosures without reducing their sales price.

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  • 1. Take the HOME ADVANTAGE using the:
    Colorado Home Stimulus Plan
    COLORADO HOME STIMULUS PLAN
  • 2. Can it get any better?
    Low Prices, Low Rates
    Yes, in fact it can!
  • 3. And there are some sellers that are willing to help buyers get even LOWER interest rates.
    Sellers want to SELL!
    By paying a fee to the lender to prepay a portion of the buyer’s interest upfront at closing!
  • 4. To compete against foreclosures!
    Why are sellers doing that?
    Even though foreclosures aren’t always a safe investment, sellers are being forced to lower prices just to try and get traffic through their doors.
    They have to get creative to compete!
  • 5.
    • Usually home is in better condition than a foreclosure
    • 6. Contract acceptance is typically in days, not months!
    • 7. Faster closing, less exposure to volatile interest rates
    • 8. Seller is paying $$ to reduce BUYER’s monthly payment
    Buyer Benefits
  • 9. Put a pencil to it…
    For Example IF:
    Sales Price: $200,000
    Current Rate* / 4.75%**
    *Rates subject to change without notice.
    **5.569% APR
    FHA loan with 3.5% down payment: P&I = $1016
    But, what if….
  • 10. Permanent Rate Reduction
    Sales Price: $200,000
    Current Rate* / 4.75%** / $1016 P&I
    What IF:
    Seller Contributed: 2 points
    *Rates subject to change without notice.
    **5.569% APR
    30 yr savings of $20,520
    20 yr savings of $13,680
    10 year savings of $6,840
    Use seller contribution to
    reduce 30 year rate approx 1/2%
    P&I =$959***
    (Monthly Savings of $57)
    ***5.034% APR
  • 11. TEMPORARY Rate Reduction
    OR, use the 2 point seller contribution to do a
    2-1TEMPORARY Rate Buy down
    paying interestfor the first 2 years only:
    Seller pays 2% of the buyer’s interest the first year:
    Leaving2.75%*paid by buyer, or $795
    Seller pays 1%of the buyer’s interest the second year:
    Leaving3.75%*paid by buyer, or $902
    Borrower pays all of remaining payments: 4.75%*, or $1016
    *APR 5.32%
  • 12. Not a government sponsored program
    Taxpayers don’t pay the price
    Won’t go away, but prices and rates may not be this low for much longer!
    Contact us today to see if NOW
    is the right time for you to invest
    in the real estate market!
    KW Home Stimulus Package