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How Does Brexit Affect Buyers?
Manage episode 171597617 series 1358246
Contenuto fornito da Prashant Vanka. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Prashant Vanka o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
Brexit has had a profound impact on our housing market. With lower rates, more and more people are deciding to make the leap and buy a home.
Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE home price evaluation
Earlier this summer, the U.K. voted to leave the E.U., which has become known as the “Brexit.” This decision created heaps of uncertainty for our neighbors across the Atlantic, but here in the U.S., Brexit has been nothing but good news for our real estate market.
With so much uncertainty, foreign investors wanted a safer place to invest than in the U.K. One of these places was the U.S. housing market. This pushed our mortgage rates down even further to almost unseen lows. In fact, we are now in the middle of the second-longest run of cheap mortgage rates in history. What does this mean for you as a buyer?
“
The low rates make for
a lower payment.
” a lower payment.
If you’re looking to buy a house, now is a great time to do so. The low rates mean you’ll pay less per month. On a 30-year $800,000 mortgage, the total cost is $97,000 less over the life of the loan than it was last year.
With today’s rates, you could also afford a more luxurious home for the same monthly payment you could have had last year. Clearly, this is an awesome opportunity. If you are looking to buy or invest and are in need of some help, we can get you connected to some of the best lenders in the business.
If you have any questions, don’t hesitate to give us a call or send us an email. We look forward to hearing from you.
16 episodi
Manage episode 171597617 series 1358246
Contenuto fornito da Prashant Vanka. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Prashant Vanka o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
Brexit has had a profound impact on our housing market. With lower rates, more and more people are deciding to make the leap and buy a home.
Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE home price evaluation
Earlier this summer, the U.K. voted to leave the E.U., which has become known as the “Brexit.” This decision created heaps of uncertainty for our neighbors across the Atlantic, but here in the U.S., Brexit has been nothing but good news for our real estate market.
With so much uncertainty, foreign investors wanted a safer place to invest than in the U.K. One of these places was the U.S. housing market. This pushed our mortgage rates down even further to almost unseen lows. In fact, we are now in the middle of the second-longest run of cheap mortgage rates in history. What does this mean for you as a buyer?
“
The low rates make for
a lower payment.
” a lower payment.
If you’re looking to buy a house, now is a great time to do so. The low rates mean you’ll pay less per month. On a 30-year $800,000 mortgage, the total cost is $97,000 less over the life of the loan than it was last year.
With today’s rates, you could also afford a more luxurious home for the same monthly payment you could have had last year. Clearly, this is an awesome opportunity. If you are looking to buy or invest and are in need of some help, we can get you connected to some of the best lenders in the business.
If you have any questions, don’t hesitate to give us a call or send us an email. We look forward to hearing from you.
16 episodi
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