Moneywise and Yahoo Finance LLC May Earn Commission or Revenue Through Links in the Content Below.
We adhere to strict standards of editorial Integrity to help you make decisions with confidence. Some or all links contained with this article are paid links.
For Many People, The Only Way to Afford a Home Is To Finance It With A Mortgage and Pay Off That Loan Over Time.
Shop Top Mortgage Rates
Powered by Money.com – Yahoo May Earn Commission from the Links Above.
DURING THE FIRST QUARRT OF 2025, THE MEDAN US HOME SALE PRICE WAS $ 503,800, ACCORDING TO FEDERAL RESERVE ECONOMIC DATE. Given That Median Annual Wages Were Just $ 61,984 During the Last Quarter of 2024, It’s Easy to See Why the Typical Working American Can Barely Afford A Down Payment on Home, Let Alone the Entire Cost in One Fell Swoop.
But Uber-Wealthy Folks are in a different position. Those with Billions of Dollars to Their Name Can Buy a Home Outtight Rather Thake Out to Loan.
Yet Celebrities Like Mark Zuckerberg, Elon Musk and Jay-Z Have All Made Headlines for Taking Out Multimillion-Dollar Mortgages-Not Out of Imprecise But to Reap A Couple of Key Benefits.
Someone with Billions To Their Name Might Not Worry About Cash Flow, But Taking Out A Mortgage Can Be A Strategic Move to Maintain Liquidity and Keep Cash Available for Other Investments, Rather than Tying it Up in a Relatively Illiquid Asset Real State.
Take Hollywood Power Couple Jay-Z and Beyoncé, Example. Propitle Their Estimated Combined Net Worth of $ 1.6 Billion in 2017, They Secred at $ 52.8 Million Mortgage to Purchase an $ 88 Million Hillside Estate in Los Angeles, According to the La Times.
There COULD BE Major Benefits for Beyoncé and Jay-Z, Depending on How Their Portfolio is Allocated, ”Robert Cohan, Managing Director at Carlyle Financial, Told Business Insider. Choose.
You can Still Land an affordable mortgage rate even if you Don’t Fall in the category of America’s Elite 1%. The Key is to not Accept the First Offer on the Table-And to Shop Around and Get Quotes From At Least Two-Three Lenders.
ACCORDING TO STUDY DRIVED BY LENDINGTREE, 45% OF HOMEBUYERS WHITE WHO REEIVED MORE THAN QOTE GOT A LOWER RATE THAN THEIR INITIAL ONE.
If you Purchased a House in the Last Couple of Years at Fixed Rate, Chances Are You Might Be Able To Refinance It At Lower Rate Right Now.
Mark Zuckerberg, The World’s Second Richest Man (According to the Forbes Real Time Billionaires List) Did the Same.
BACK IN 2012, WHEN ZUCKERBERG WAS #40 ON THE LIST WITH AN ESTIMATED $ 15.6 BILLION NET WORTH, HE REFINANCED HOME IN PALO HIGH, CALIFORNIA, WITH 30-YEAR ADJUSTABLE RATE MORTGAGE AT 1.05%.
While Rates Probably Won’t Go Down To That Level Any Time Soon, The Federal Reserve’s Rate Cuts Over the Past Few Months Have Already Had A Noticeable Impact. Mortgage Rates Are Currently Hovering Around 6.95% – Down from 8% in Octber Last Year.
With the Fed Sladed to Lower the Benchmark Rates Further in the Upcoming Months, It Might Be a Good Idea To Start Looking at Your Options.
IDEALLY, you can land to Lower Rate by Shopping Around. ACCORDING TO STUDY FROME LENDINGTREE, 56% OF HOMEBUYERS SHOPPED AROUND WHEN THEN REFINanced Their Mortgage. What’s more, 81% of thhose who chose to refinance, camera away with a Lower Rate Than what they started with.
Even for Accredited Investors, Purchasing AddiThe Properties for Rental or Investment Incom can be a hassle. Beyond Ongoing Maintenance and Property Taxes, There’s also the Added Burden of Managing Tenants and the Responsibilities That Come With Being A Landlord.
This is Where Where First National Realty Partners (FNRP) Comes in. ACCREDITED INVESTRS CAN OWN A STake in Gracery-Anchored Institutional-Grade Commercial Real Estate Without Having to Do Any of the Legwork.
FNRP’s Team of Experts Manages The Entire Life Cycle of the Investment – From Due Diligence of Properties To Acquisition and Tenant Management. The Firm Typilly Leases its Properties to National Brands Selling Essential Goods, Like Walmart, Whole Foods, CVS, and Kroger.
Another Option for Investing in Real Estate is the US Home Equity Market, the VAST $ 36 Trillion Industry That Has Long Been Reserved for Large Institutional Players. HOMESHARES IS TRANSFORMING THIS SPACE BY GIVING ACCREDITED INVESTRS DIRECT ACCESS TO HUSDARESS OF OWNER-Cupied Homes in Major US CITIES Through Their US Home Equity Fund – Without the Headaches of Buying, Owning, Or Managing Property.
The Fund Focuses on Homes With Substantial Equity, Utilizing Home Equity (Heas) To Help Homeowners Access Liquidity Without Incurring Debt or Additional Interest Payments.
This approach provides an effective, hands-off way to INVEST IN HIGH-QUALITY Residential Propertiesplus the added benefit of diversification across various regional markets – with a minimum investment of $ 25,000.
Homeshares Also Gives Accredited Investors Access to the $ 36 Trillion US Home Equity Market, Which Has Historically Been The Exclusive Playground of Institutional Investors.
With a minimum investment of $ 25,000, Investors can gain direct exhibition to hundreds of Owner-Cupied Homes in Top Us Cities Their US Home Equity Fund-Without the Headaches of Buying, Owning or Managing Property.
With risk-adjusted internal return ranging from 14% to 17%, this approach provides an effective, hands-off way to Invest In Owner-Cupied Residential Properties Across Regional Markets.
This article provides information only and should not be construction as Advice. It is provided with Without Warranty of Any Kind.
