Ask Ellen Tuttle - How Does Interest Rate Effect My Payment?

Low interest rates = low payments

Today, depending on type of loan, mortgage amount and credit scores, you could lock in a rate as low as 3.75% for a 30 year loan and 3.25% for a 15 year loan.

Consider if you are buying a home with FHA financing with a sales price of  $150,000, the principal and interest would only be $685.41. Even with adding in FHA insurance, taxes and homeowners insurance, the total payment could equate to what many are paying in rent. FHA only requires 3.5% down.

If inflation sets in and rates go up a little, it can change the sales price of what you can afford. The same $150,000 home with a rate of 6.75% would be a principal and interest of $959.93; an increase of $274 per month. Call me today to find out your program   and price range. The "Reel" team can then match the right home for you and/or your family.


Posted by The Reel Team at 9:46 AM

Reel Free Classifieds

$60 Pets 317-327-1397 They have over 100 pet options. Some highlights:
  • Rory (Jack Russell Terrie) He is a sweet little squirt who loves attention and being wiggly and silly! ID: A172845
  • April - Tiger: She is a snuggly girl just waiting for you to take her home.  ID:A183825
  • Larry (Foxhound Mix): A gentle soul who is very easy going.  He's playful with other dogs. ID:A184784
  • Meggy (Shepherd Mix):  She is an easygoing girl who has good manners and walks great on a leash ID:A182119
  • Dakota (Lab Mix): He's big, goofy and  loves to chase balls. ID:A179069
Reel Deals
  • DOG HOUSE XX-Large, Painted & Trimmed. $99. (317)519-9669 or 549-3618
  • KITCHEN CABINET wall and base cabinet, both for $20. 317-745-1940
  • ENTERTAINMENT CENTER Medium Oak. Holds 26 inch TV. Like new! $40.00. (317)228-0427
  • SOFA 6 foot, 3 cushions, blue/brown southwest colors. Excellent condition. $99.00. (317)228-0427
  • TELEVISION 32 inch Color, with remote. Like new! $45.00. Please call (317)502-9788 

 Charity Events
  • Sat, June 30, 2012, 9:00 AM. Relay for Life of Fishers at Roy Holland Park. A fundraising event for the American Cancer Society from June 30 to July 1. Info: See Web site below or call 317-753-3837.
  • Wed, July 4, 2012, 8:00 AM. 3rd Annual Bike It! Charity Bike Ride in Westfield. A 5-mile family ride or 20- and  50-mile rides to benefit the Prostate Cancer Foundation. Rider packs, commemorative apparel, snack stations, free water. Info: See Web site below or call 317-605-4467.www.bikeitpc.org 
  • Fri, July 13, 2012, 11:00 AM. 23rd Annual Ice Cream Social on the Circle. $3 giant ice cream sundaes will be served by 30 celebrity scoopers to benefit the Diabetes Youth Foundation of Indiana. Face painting, mascots, interactive games, displays, music, Pacers Fan Van, and more. 11 AM to 2 PM. Info: 317-842-7955.
  • Sat, July 14, 2012, 9:00 AM. 4th Annual Bikers for HVAF Freedom Ride in Indianapolis. An escorted charity ride to benefit homeless veterans and their families. Donuts and coffee prior; lunch after. Ride ends at HVAF Warman, 240 N Warman Ave. Register at 9 AM, ride at 10:30 AM. $25 ($35 with passenger). Info: 317-951-0688. www.hvaf.org 
  • Sat, July 21, 2012, 9:00 AM. 2nd Annual 'Ride Your Can Off' Charity Motorcycle Ride at Gleaners Food Bank. T-shirts, lunch, entertainment, bike show, door prizes and much more will be offered to the participating riders and passengers. 9 AM to 1:30 PM. Kickstands up at 10:30. $25/$30 rider and $10 passenger. Info: 317-925-0191.bit.ly/w72jwC
Posted by The Reel Team at 9:42 AM
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