Hey there, I hope your year is off to a strong start.
The reason I’m writing this quick article for you is that the Coronavirus is spreading worldwide – and faster than expected. It’s now even hitting over here in US where we are all living. And as I write this, the global markets are reacting strongly (which is to be expected).
I think at times like this no one puts scary times into better perspective than Warren Buffett.
And he did one incredible job today of reminding everyone that – while the human tragedy of this virus is horrible – it should not change your long term investment goals or strategies. The truth is, no one calms me down the way Warren Buffett does during times like these. We can look at the bright side of things right now.
The fact is, the economic worries that the Coronavirus is creating are also forcing interest rates down to the lowest we have seen in three years. There is a really good chance that right now you could refinance your mortgage and save a fortune.
Specifically, rates have come down by a ½ to 1% on 30 Year Mortgages.
According to mortgage data, there’s now 11.5 million people (maybe you!) who can refinance their home and save upward of $260 a month.
That’s over $3,000 in a year, $30,000 in a decade, and over $90,000 of the life on a standard mortgage.
That’s a huge deal. Refinancing now might help you retire 5 to 10 years sooner.
The interest rate gods are shining down on homeowners right now, according to financial expert David Bach, and Americans should take advantage ASAP. Therefore, don’t let this virus derail your investment confidence.
Below 👇🏽, please find 5 real estate articles worth reading and restore your confidence. Let’s start with refinancing.
Why Right Now Is the Best Time to Refinance Your Mortgage, According to David Bach
Saving up to buy a first home is never easy. But we have some good news. In many parts of America it’s not as hard as you think. Read it here.
Today, American households are more likely to include pets than children under the age of 18, according to the U.S. Census Bureau’s American Housing Survey. The share of households with kids stands at 27%, while the share of households with pets is at 68%. As a result, investors in residential real estate are targeting this large demographic of pet owners by making their rental properties more appealing and pet-friendly.
Pet-friendly rentals can also increase investors’ profits 😳, suggests a study conducted here.
4. Increasing amount of Americans are getting mortgages before marriage licenses?Only 53% of first-time homebuyers are married.
According to the National Association of Realtors, the first-time homebuyer composition is now mirroring the change in marriage rates.
Almost all landlords will require this form of payment. It is not to be used to pay rent. It simply is to be used to protect the landlord against any excessive damage caused directly by the tenant and their guests. How do you get back? Follow a full article here.
Compare what’s on the market in your area today here.
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