Tony's Real Estate - Coldwell Banker

05/18/2020

Anyone know anyone looking for a wheelchair ready home? I came across a nice one today. Roll in shower in the first floor master. Let me know. Could really make someone’s life.

05/12/2020

So true..

03/02/2020

Want that new house you didn't think you could afford?

Let's save you some money and get you into that dream home you've been thinking about.

Lets look at an example of the correlation between interest rates and purchase price. The housing market is constantly moving, up or down respectively, interest rates and purchase price adjustments can have a dramatic effect on your monthly budget.,

Comparing Prices And Interest Rates

Let's now compare a home at $240,000 if rates went up a half point, and you wanted to keep your payment the same. The amortization of most mortgages is for 30 years. If your down payment is 20% of the sales price, how much of the home could you buy to keep your payment around $975?

$240,000 X 80% at 4.5% interest equals a payment of $972.84
$226,260 X 80% at 5.0% interest equals a payment of $971.65
$214,062 X 80% at 5.5% interest equals a payment of $972.34
$202,500 X 80% at 6.0% interest equals a payment of $971.27
$192,188 X 80% at 6.5% interest equals a payment of $971.80

You can see that a 2% increase in an interest rate would lose you about $50,000 of purchasing power in this price range. If you doubled the sales price, you would lose about 100,000 of purchasing power for a 2% spread in interest.

This is why interest rates play a huge factor for many first-time home buyers. If you are stretched too close to the top end of your price point and rates go up, you might not be able to buy that dream home you want because you will no longer qualify for that sales price.

Right now the best thing to do is, lets get you preapproved to see what you can afford with current market conditions and see where we can go from there.

Thank you,

Tony Filippelli
"Let me show you the way home"
815-556-9755 call or text

02/29/2020

Call me, I can help. 815-556-9755

02/21/2020

And I can help you find it.

02/19/2020

815-556-9755 the spring market is here. Let’s find your dream home.

In the spring, many excited buyers get ready to enter the housing market. Others continue dreaming about the homes they’d like to buy. The truth is, many potential buyers continue to dream longer than they need to, simply because they’re confused about the homebuying process. Thankfully, working...

02/13/2020

02/11/2020

I toured a fantastic new listing today. Literally minutes from downtown Naperville and a wine aficionados dream house. Call me for details.
815-556-9755

02/03/2020

Spring is here! Let’s get your place listed!

01/26/2020

Today’s open house. 2363 fawn lake circle in White eagle.
Remember earlier I said to stay tuned? Well this ones worth it. Truly an amazing home here in Naperville. Right on the golf course with a 3 car garage, hot tub and outdoor tv. Check out the video, you won’t be disappointed. Oh and wait till you see the basement, It’s in the video.

Let me show you the way home. Tony Filippelli

01/26/2020

On my way to a gorgeous open house... stay tuned!!