My husband & I are thinking about buying a vacation home in Sedona.

Krok
Home Buyer
86336

We don't want to spend a lot and he doesn't want a condo/apt.Can we find something with monthly mortgage payments under $1000?

Answers (3)
Barbara Baker
Agent
Sedona, AZ

That depends on many factors. Do you already have a primary? What amount of money can you put down on a note? How is your credit score? Also, the price of the home. We have many homes available in our marketplace. I would suggest you contact a local lender to find out what you can qualify for in a home purchase. Please let me know if you would like the names of some local lenders,
Best,
Barbara Baker
RE/MAX Sedona - AZ
800-975-5943

Fri Jul 10 2009, 14:16
Elisa Andreis
Agent
Sedona, AZ

Hello,

There are incredible deals to be made in Sedona right now, as prices have softened dramatically and there is great inventory to choose from. If you do not like a condo, there are single family homes under 300k, both in the area of West Sedona and in the Village of Oak Creek.

What determines your monthly mortgage payment is your downpayment, and your interest rate. If you put enough downpayment you can have monthly payment that are as small as you want them to be. i suggest that you contact a mortgage lender and get qualified, then you'll know the price range that you can afford and the monthly payments amounts.

Elisa Andreis
Russ Lyon Sotheby's International Realty

Thu Jul 9 2009, 09:43
Rod Rebello
Agent
Tempe, AZ
FIRST ANSWER

Others can answer for specific Sedona pricing, but your payments will depend on your down payment and interest rate. Given enough down, you can make your payments whatever you want it to be.

Thu Jul 9 2009, 09:29

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