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Southlake Style

Are You a Texas Hold'em Expert?

Jan 22, 2013 01:43PM ● By tina

Roxann Taylor & Associates Realtors will help you go "all in"

Sponsored by Roxann Taylor & Associates Realtors

Submitted by Roxann Taylor

In Texas Hold’em it’s important to understand it’s not a game of chance – it’s a combination of reading the cards and the players. Much like the card game, in real estate it’s being in the right place at the right time with the right real estate experts to educate you, to know it’s time to go “all in.”

Although real estate prices are still somewhat depressed, they will only increase as our economy continues to mend. People frequently ask if we will ever see 2006-2007 prices in Southlake again. That remains to be seen, because being bigger today is not necessarily better anymore.

Mortgage financing is at an all time low, as of January 2013. In my 36-year real estate career, I have never seen interest rates this low. While talking to one of the largest national banks last week, I learned jumbo money markets have become available for the first time in many years at an all time low for a 30-year mortgage, with a fixed rate for the first 5 years at 2.25%.  So you understand, this means you can borrow one million dollars and have a P & I payment of around $3,822.46 a month with a 20% down payment, and a credit score of at least a 700.

Armed with the knowledge prices are extremely reasonable and borrowing money is also extremely reasonable, if you have been thinking about a change due to your family size changing, the floor plan of your home no longer working for you, or you just want to make a change, now is the time to do it.  You owe it to yourself to call me now to explore how you can go all in!

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~Roxann Taylor~ The Only Name you need to know in Real Estate