Paul Hamilton Real Estate

Your monthly mortgage payment is a combination of paying back the money you’ve borrowed for your purchase (principal) and the interest owed on the money you’ve borrowed. Long story short, interest is what you pay your lender to borrow money for your home. Isn’t that interest-ing?

The worst time to buy a home in the last 100 years was arguably 2007, right before the crash. Home values dropped up to 50%. But, did you know that home values from 2007 have doubled since that time? Real estate is a great investment and I would love to talk more about the market with you and help you find a way to make your real estate plans come to fruition.

"Some people think that a 7/1 ARM must be paid off in seven years, but it's the interest rate that is fixed for seven years; the mortgage itself lasts for 30 years. The interest rate can go up or down after those seven years, but 30 years is how long you have to pay back the loan." - David Reiss. Understanding all there is to know about mortgages can be tricky. But I have a network of excellent loan officers; I'd be happy to connect you with one! Just send me a message.