Friday
10Apr2009
Improved Purchasing Power
Friday, April 10, 2009 at 2:28AM I'd like to share great info today care of Jencor Mortgage Corporation comparing the maximum mortgage amount for various income levels at the current rates (3.99%) vs. rates from last year (5.99%). The difference is substantial.
| Annual Income | Mortgage Amount in 2008 @ 5.99% | Mortgage Amount Today @ 3.99% |
| $60,000 | $265,000 | $340,000 |
| $80,000 | $365,000 | $465,000 |
| $100,000 | $460,000 | $590,000 |
| $120,000 | $550,000 | $700,000 |
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