05-26-2024, 03:14 AM
When I bought my first house I had an 8% mortgage.
The interest was tax deductible.
A few years later home prices had doubled and mortgage rates fell to 4%.
If I had waited to buy my home the price and down payment would have cost me twice as much.
Instead, I was able to get a 4% mortgage rate on my original purchase price.
In real estate like in comedy, timing is everything.
The interest was tax deductible.
A few years later home prices had doubled and mortgage rates fell to 4%.
If I had waited to buy my home the price and down payment would have cost me twice as much.
Instead, I was able to get a 4% mortgage rate on my original purchase price.
In real estate like in comedy, timing is everything.