Interest rates have remained under 5% for the last decade, these ultra-low rates won’t last but they are also a long ways from average. Home prices are expected to continue rising in 2017 but at a pace much slower than this year’s increases.
According to the US Census, millenials’ rate of homeownership dropped to 36.2% in 2014, however, these numbers are slowly improving. As part of the real estate industry we hope to educate millennials on the benefits of owning a home.
Your job as a Real Estate Agent will be to assist client’s who may have little to no experience in buying a home. Many clients feel that their budget is much higher than they can actually afford or are at least surprised by the added costs and overlooked fees that go along with purchasing a home.
Understanding the difference between a trust deed and a mortgage isn’t a vital piece of knowledge for most homeowners. But for some families, a deed of trust can be a better option. Here’s a look at the differences, and why you might choose one over the other.
For most homeowners, the equity in their home is their largest asset. But when it’s time to sell, it can be confusing to calculate just how much money you can expect. To take away the guesswork, here’s everything you need to know to understand how return of capital works with home ownership.