broker: Should You Trade a Low Mortgage Rate for a Higher-Value Home?
- 04/27/23 10:06 AM
Should You Trade a Low Mortgage Rate for a Higher-Value Home?An article that explores the benefits of upgrading to a more valuable home, even if it means a higher mortgage interest rate. The article highlights how solely focusing on a low mortgage rate can lead to missing out on greater appreciation in the value of the home. While it's important to find the best interest rate, the article suggests considering other factors such as location, property condition, and market conditions to make a smart investment decision that will pay off in the long run.
Photo by Francesca Tosolini on Unsplash If you're currently having thoughts of … (2 comments)
A great investment and perfect turnkey rental for an owner occupant. Live in the beautiful owner's suite and make money by renting out the other units. Or, offer the owner’s unit for an additional $900 - $1,000.
All units updated with all new windows. New flat roof. Each unit has separate utilities and a stackable washer and dryer. Units rented to owner’s friends & family are below market.
Add equity by finishing the additional square feet in the walk up attic space, … (0 comments)
Should You Trade a Low Mortgage Rate for a Higher-Value Home?An article that explores the benefits of upgrading to a more valuable home, even if it means a higher mortgage interest rate. The article highlights how solely focusing on a low mortgage rate can lead to missing out on greater appreciation in the value of the home. While it's important to find the best interest rate, the article suggests considering other factors such as location, property condition, and market conditions to make a smart investment decision that will pay off in the long run.
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