Mortgages and Financing
The purchase of property, whether for a residence or an investment, is often accompanied by some sort of mortgage or other type of financing. In fact, according to the National Association of Realtors, 87 percent of all homebuyers finance their home purchase.
While cash purchases in real estate have increased in frequency in recent years in a strong economy, even the wealthy often use a mortgage or other financing to purchase property in order to leverage the use of their cash elsewhere.
The process of obtaining a mortgage, understanding the language of the industry, and ultimately financing the purchase of a home can be stressful, especially for first-time homebuyers who are not experienced.
In this blog category, we attempt to explore all topics related to mortgages and financing, designed specifically for buyers in the United States who are looking to purchase a home.
