Why Rent When You Can Buy? A Rare Opportunity to Own at Monroe at Hazeltine
In today's real estate market, many potential homebuyers contemplate whether they should continue renting or take the leap to homeownership. This choice comes down to factors such as affordability, fluctuating market conditions or difficulty with finding the right home. Now, with the Federal Reserve cutting interest rates by a half percentage point, along with Monroe at Hazeltine’s presale program underway, it’s never been easier for new homebuyers to put their concerns to rest and confidently claim their very own Valley retreat.
With pricing starting from the high $600k’s for a three-bedroom, four-bathroom single-family home at Monroe at Hazeltine, you can trade your rent payment for a mortgage under $3,000 per month. According to bankrate.com, the estimated mortgage for a $687,393 home is $2,988 per month. (This estimate considers a $137,478 down payment, 30-year loan and 3.5% interest rate. The monthly payment is calculated based on principal and interest, property taxes, homeowner’s insurance, credit score range, zip code and HOA fees.)
“For a long time, we’ve been hearing that interest rates are at historic lows—and this could not be truer than today,” said Gary May of Wells Fargo Home Mortgage, one of Etco Homes’ preferred lenders for Monroe at Hazeltine. “10 years ago, the normal 30-year fixed mortgage was in the 4.50% (4.55% APR) historic lows. Five years ago that number turned into a 4.00% (4.035% APR) 30-year fixed-rate, and today, it is near 3.5% (3.503% APR). As home values have continued to increase over this same period of time, lower rates have kept home buying affordable.
Additionally, there are many low down-payment options for homebuyers today; VA loans for veterans that require zero down payment, first- and second-time homebuyer programs that allow 5% down and less in some cases, Union Plus mortgage coverage for buyers that are a member of a Union (or a direct family member that are Union members) that provides protection in the event of a strike, disability that prevents ability to work and more.
Beyond offering value and comfort at a competitive price, Monroe at Hazeltine’s prime Valley location enables homeowners to truly get centered—in both location and life—and realize their most balanced, inspired L.A. lifestyle.
Here, the comfort of living amidst airy, open floor plans, chic interiors and expansive living spaces is further amplified by an impossibly convenient locale. At Monroe at Hazeltine, dwellers are invited to discover the best of the Valley’s restaurants, experience the latest in family entertainment and prioritize mind and body health at one of the many nearby wellness hotspots. Plus, with easy access to transit options including the Van Nuys Metrolink station as well as the 405, 101, 135, 118 and 5 freeways, living at Monroe means that Los Angeles’ most coveted destinations remain easily accessible from your front door.
To take advantage of this rare opportunity, please contact one of our preferred lenders to get pre-qualified today. If you have any questions, please contact your Monroe at Hazeltine Sales Associate at 424.302.3946 or firstname.lastname@example.org. We look forward to speaking with you soon.