Daily Real Estate News | July 26, 2010 | ] Paying off an underwater mortgage and buying a better home could be the best tactic in this troubled market.
"If you are trading up, what better time than when interest rates are at record lows and the cost of the trade-up is much less than it used to be?" says Christopher J. Mayer, a Columbia Business School economist.
With 15-year fixed-rate mortgages at about 4.5 percent, it also makes sense to pay off the mortgage and keep the house. "At this point," says Jay Brinkmann, chief economist of the Mortgage Bankers Association in Washington, D.C., "if they don't have anything else that is bringing a tremendous return, then they are buying themselves an annuity by paying their house off sooner than they needed to."
Source: The Wall Street Journal, M.P. McQueen (07/24/2010)
Reproduced with the permission of the National Association of Realtors®
What Makes VR SAM® Different?
“VR SAM® has been there” and experienced more Military moves than we care to remember. But we do “remember” the “Good and Not so Good “Realtor experiences and we believe our Military Family clients deserve the Very Best!
We believe in the mission our Military Families support and are grateful for the opportunity to do our part with top quality relocation Realtor services.
VR SAM® offers our purchaser clients an industry leading credit from our commission at settlement.
VR SAM® offers our seller clients extremely competitive listing rates, and listing options to save them even more money.
Contact VR SAM® today and experience the difference! homesformilitary@vrsam.com 877 878-7726
Veteran Realty Serving America’s Military, Inc., VR SAM®, is a partnership of retired Military Officers and Spouses, all Military Realtors, serving Military Families purchasing or selling homes in the Northern Virginia region including Fairfax County, Prince William County, Loudoun County, Fauquier County, Stafford County, Arlington, and Alexandria, Many of our purchaser clients are PCSing to the Pentagon, NRO, Fort Belvoir, Fort Meyer, Anacostia, Bolling AFB, Andrews AFB, Navy Yard, Quantico, Coast Guard Headquarters, and other NOVA military installations. VR SAM also serves a large number of defense contractor employees and Federal Employees from the FBI, NCIS, CIA and other agencies. VR SAM is a leading advocate for the improvement of home owner benefits for Military Families. Call VR SAM today to learn about our industry leading purchaser client credit and competitive listing programs and rates.
VR SAM owns and operates this MORE SAM website and from . MORE SAM™ is a free advertising site for homeowners and Realtors® who wish to expose their properties to the Military Housing Market. MORE SAM™ also offers excellent advertising opportunities for Realtors® wishing to increase their visibility to Military Families moving to or from over 400 military installations worldwide.
VR SAM is affiliated with Jobin Realty Manassas, 9327 Main Street, Manassas, VA 20110. 703 365-9090