Combine your equity with today’s low interest rates to buy the home you really want
You might not be thinking of buying a new home. You’re comfortable where you are. But are you ready to make a really important move out of your comfort zone? Why not combine your equity with today’s low interest rates to buy the home you really want?
Home values have gone up over the past few years. Depending on when you bought your current home, your equity has increased as well. If you’ve made any upgrades, you probably have a nice profit to be made in selling your home.
In addition, think about the interest rate you’re paying for your mortgage. With the government dropping rates by a quarter-point on July 30, you can take advantage of a 30-year fixed rate mortgage for as low as 3.75%.
If you bought your home for $210,000, put 20% down, and paid 4.8%, a 30-year fixed rate mortgage put you at $881 per month.
Now, your home is worth $250,000, giving you $40,000 in equity in addition to any principal you’ve paid. You buy a new home for $260,000, paying a 20% down payment, and seize the 3.75% interest rate. Your mortgage is $963 a month for 30 years.
Want to do your own math? Our mortgage calculator lets you see numbers for yourself!
Upgrade your life
For just $80 more per month, you move into a new construction home that provides up-to-the-minute advances, like superior energy efficiency, all new appliances, smart technology, and construction that is covered by a 5-year warranty. Five years, worry-free. A roof that is guaranteed for 30 years. A water heater that won’t leave you waiting for hot water. And Alvarez Construction Company’s air filtration system ensures a steady flow of clean, healthy air—and when you realize that most homes have indoor air quality that is 5 times more polluted than outside air, that’s a major benefit!
The new construction homes we’re building are smarter than homes built just a few years ago. A SmartHome security system and smart home management hub are standard features, so you have everything under control.
We also include a Whirlpool Smart Range, making it more convenient than ever to handle all the cooking for your family. And picture this range in your dream kitchen with granite countertops, new cabinetry, and stainless steel appliances. You won’t be stepping outside your comfort zone but stepping into a much better one.
Choose a home that’s more energy-efficient than the one you own and you could erase the additional cost with the newfound utility bill savings. A high-efficiency air conditioning system, like the 16 SEER Alvarez Construction includes in our homes, can reduce the energy consumption by 20 to 50%.
Advances in home insulation also improve energy efficiency. Air leaks drive up your utility bills, but with the extra steps we take to provide an airtight seal in our homes, you don’t waste energy or money. We also use low-E vinyl windows to maintain the comfortable temperature you want and prevent harmful UV rays from streaming through your windows.
Alvarez Construction Company is building single-family homes in communities in Baton Rouge and some of the most desirable suburbs, including Denham Springs, Madisonville, Prairieville, and our newest neighborhood, Cheval Trails, coming to Zachary, LA. You can buy a new construction home right now, by choosing one of our move-in ready homes for sale. Or pick the community, the lot, and the floor plan and let’s build the home of your dreams.
Next, let our preferred lender, Eustis Mortgage, guide the loan process. We will cover $5,000 in closing costs when using one of our preferred lenders, so it’s even more affordable. Leverage the value that comes with a new home and today’s low interest rate. Talk to Banessa Petty at Alvarez Construction Company to explore your opportunities.