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.

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Colorado home stimulus plan online

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

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