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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (86144)8/20/2007 7:41:14 AM
From: Think4YourselfRead Replies (1) of 306849
 
There are a few other factors than just that payment to favor waiting.

1. Property taxes are lower
2. Down payment is lower
3. A higher portion of your mortgage payment is tax deductable
4. Insurance costs are lower
5. You can refinance when rates go down
6. Commission is lower

I'll take the higher mortgage and lower house price any day of the week. Many people would probably do the exact opposite and rush to lock in/use the lower interest rate.
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