Real Estate Survival Guide with Terry Story
Business:Investing
Steve kicks off Real Estate Round-Up with a focus on mortgage rates. He notes, with significant satisfaction, that he bought a house five years ago with a 3.75% rate on a 30-y mortgage. Terry adds that mortgage rates are currently in the 4.5% range, so they are still low by historical standards.
That said, if your finances are tight, a 0.75% increase can be sizable.
Potential buyers could opt for a lower rate of about 4% with a 15-year mortgage.
However, because the loan needs to be paid back sooner, monthly mortgage payments are a lot higher. (103)
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Sept 6th - Tiny Homes: Big Hope Or Big Hype?
Aug 30th - Be Alert! Hackers Are Stealing Millions From Buyers By Using These Real Estate Scams
Aug 23rd - Have You Been A Victim Of Home Buyer’s Remorse?
Aug 16th - Lower Your Interest Rate On College Debt With A ‘Student Loan Cash Out Refinance’ Program
Aug. 9th - Think Outside The Box To Win In Today’s Tight Housing Market
Aug. 2nd - What To Do If Your Neighbor’s Airbnb Starts Spinning Out Of Control
July 26th - Even Steep Discounts Aren’t Reviving The Sale Of Luxury Homes
July 19th - America’s Affordable Housing Crisis Just Got Worse In 2017 ~ VIDEO
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