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Weston Dean Homes Blog

Blog Category - Home Buyer News

Low Interest Rates Moves You Toward Your Weston Dean Home

Categories: Home Buyer News | Posted: May 17, 2019

Analyzing financial data

If you are looking for at a Weston Dean Home this spring or summer, you have probably heard people say, “It’s a great time to buy a new home, you should do it while interest rates are still really low.” But what do lower interest rates mean for you?

Here’s a little background on interest rates. Do you know what a high mortgage rate would look like? December of 1980 the 30-year fixed mortgage rate was 14.79%. By January of 1990 it dropped to 9.67%. Over a 10-year period, rates only went down by about 5%. But by May 2000 the rates were only down to 8.52%, barely a 1% change in 10 years. So, when you hear advertisements that mortgage rates are at an historic low, this gives you an idea of what they mean.

Not that many years ago people were happy to purchase at a 6.5% interest rate, but now, with mortgages available from the high 3% to low 5% range you can truly believe this has never been a better time to purchase a Weston Dean Home.

Let’s say you purchase your Weston Dean Home at a higher interest rate and it makes your payments around $2,000 per month (not including taxes and insurance). But by locking in at a lower interest rate, this could mean your payment might be more around $1,850 per month. By purchasing a Weston Dean Home while the rates are low, you free up over $150 per month.

As a perspective Weston Dean homeowner, it’s important to understand rates so that you can make an informed decision about purchasing your new Weston Dean Home. Maybe you haven’t moved forward in purchasing your new Weston Dean Home because you are waiting for the lowest rate.  But how will you know when the rates hit bottom?  You can’t, but as the economy continues to improve, we can expect to see a continued upward movement in long-term interest rates.

By looking at the currently low interest rates and comparing how much more of a Weston Dean home you will get for your money now verses just a few years ago.  This may help you take your dreams of owning a new Weston Dean Home off hold and help you move forward with purchasing your Weston Dean home and becoming part of a Weston Dean Community.

 

Weston Dean Homes is a San Antonio area custom home builder. For additional information about Weston Dean building your San Antonio new home, please call (210) 408-9107.

Community Spotlight: Diamond Ridge

Categories: Communities, Home Buyer News | Posted: April 5, 2019

If you are in the market this spring for a new home, chances are you are also in search of the perfect location to build your dream home. If you find yourself in this position, then you have come to the right place! Weston Dean Homes not only builds the best of Boerne custom homes, they also built in some of the most desired communities of San Antonio as well.

If you are wanting to build your dream home in the Boerne area, Weston Dean is a proud builder in the highly sought after Diamond Ridge community. This community is priced from the $500’s and is in the Boerne ISD school district.

One visit to Diamond Ridge and you will quickly see why it has quickly become one of the most sought after locations in the Boerne area. This community offers coveted cul-de-sac lots that are spacious in size.

If you are a fitness lover, you will enjoy the convenience of community tennis and basketball courts located just steps from your home! There is also a peaceful fishing pond that would bring much welcomed quiet and tranquility to the early morning fisherman or even just one who wants to take a walk or run around the pond.

Imagine the sunsets that you can experience from your back patio each evening as you enjoy a nice dinner or cocktail on your custom built back patio space.

If you have kids or grandkids, it is safe to say you will spend many hours at the community part and playground. If you have kids of the fur kind, they will love running around the park with you just as much!

As a Diamond Ridge resident, you also will have the community clubhouse to enjoy.

You will appreciate the security and safety of the gated front entrance of this community, giving you peace of mind each night as you go to bed or travel.

Another huge draw to this location is the fact that Boerne has NO city taxes! A huge win and reason why many choose to call Boerne home.

If you think Diamond Ridge may be the perfect location for Weston Dean Custom Homes to bring your new home dreams to life, call 210-408-9107 today or contact us to book a time to talk with a custom home specialist today!

 

 

 

Weston Dean invites you to contact us to find out more about our Green Building commitment and how we can make these benefits work for you!