Understanding the Basics of Real Estate Mortgages: A Comprehensive Guide Introduction In today’s complex and ever-changing real estate market, it is crucial to have a comprehensive understanding of the basics of real estate mortgages. Whether you are a first-time homebuyer or a seasoned investor, having a solid grasp of the mortgage process can greatly impact…
Tag: Mortgages
The Downsides of Balloon and 1% Downpayment Mortgages
Because of the Fed rate hikes of the past few months that have seen average thirty-year mortgage interest rates go from around 3% per year to the current 7.5% per year, very few people want to sign up for home mortgage financing. Also, current homeowners who would have wanted to sell and move elsewhere are…