Open House- The Real Estate & Mortgage Show: August 11, 2018
New mortgage products are coming on to the market including an interest-only mortgage which is ideal with investment properties.
New mortgage products are coming on to the market including an interest-only mortgage which is ideal with investment properties.
When it comes to buying and selling properties privately, there may be additional factors to consider if you require bridge financing including an appraisal on the home you are selling. The lender may want to ensure it was sold for fair market value. From the real estate perspective, if you are selling privately to save in fees you will most likely still need to pay the buyers real estate agent costs- effectively paying someone to negotiate against you.
The millennial generation seems to be staying in the family home for longer than previous generations before they move into the housing market. This could be brought on by many factors such as savings and income levels which play into affordability. The trend in housing with this generation is a smaller, more compact home located close to amenities.