Check your protection

Every year you should be meeting with your insurance agent and checking to make sure the coverages in your home (owner/rental), vehicle, life, etc policies is still adequate. I also suggest that every 2-3 years you have another agency quote your policies - but make sure you are quoting apples to apples! This will ensure you aren't paying too much and you'll get a second opinion on what's enough but not too much insurance.

I highly suggest The Scott Richardson Agency in Ames. Scott is a State Farm Insurance representative and can help you with vechicle, homeowners, rental, health, life, liability insurances and retirement planning. Give his office a call today at 515-232-0030 and tell them I told you to call! Or look them up on the web at http://www.scottrichardsonagency.com/

Brandi Nelson, Realtor
Century 21 Signature Real Estate
The Hill-Nelson Real Estate Team
www.hill-nelson.com
515-291-0913

Licensed Realtor in the stste of Iowa
Each office independently owned & operated

The cost of Indecision

If you are on the fence about buying a house right now, consider this... if you had bought a $200,000 house roughly 2 weeks ago your monthly principle and interest payment could have been around $1,167 per month but if you bought that same $200,000 house today... it would likely be $1,297 per month. That's $130 per month just because interest rates have gone up.

Now is a great time to buy. There are a lot of homes on the market to choose from and prices are competitive. Don't let indecision cost you even more.

Brandi Nelson, Realtor

The Hill-Nelson Real Estate Team

Century 21 Signature Real Estate

www.hill-nelson.com

515-291-0914

Licensed Realtor in the state of Iowa

Each office independently owned and operated.

Rates

Hey Everyone - I get a daily rate update from one of my lenders, Bailey Mortgage Company, and mortgage rates are going up!! If you or someone you know is thinking about buying or refinancing you should really, really look into it right now. Don't wait!

Brandi Nelson - The Hill-Nelson Real Estate Team
Century 21 Signature Real Estate, Ames, Iowa
Each office independently owned & operated.
515-291-0914 (cell phone) http://www.hill-nelson.com/

Buyer Beware

Buyers beware... interest rates are going up. Two weeks ago we saw rates under 6% and this week rates are around 6.5%.

If you are on the fence on whether you should buy now or later, keep this in mind... a $200,000 house at 6% fixed over 30 years would be a payment of $1,199.10 P&I, the same house at 7% interest would have a P&I payment of $1,330.60. That's a difference of $131.50 per month.

Another way to look at it is... if you want to keep your P&I payment around $1,200 each month you can afford a $200,000 house at 6% but only a $180,000 house at 7% interest.

Please don't wait. Interest rates are still very good and there are a lot of homes to choose from on the market right now.


Brandi Nelson - The Hill-Nelson Real Estate Team
Century 21 Signature Real Estate, Ames, Iowa
Each office independently owned & operated.
515-291-0914 (cell phone) www.hill-nelson.com