Preparing Massachusetts Real Estate Professionals Since 1956
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Credit Hours: 40 - Course Fee: $365
Credit Hours: 40 - Course Fee: $420
Item Type:Textbook - Price: $113
Credit Hours: 40 - Course Fee: $400
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Credit Hours: N/A - Course Fee: $35
Credit Hours: N/A - Course Fee: $45
Credit Hours: N/A - Course Fee: $35
Credit Hours: N/A - Course Fee: $35
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Credit Hours: N/A - Course Fee: $45
Financing is an indirect cost of owning property. Interest rates and the availability of mortgage money have a direct effect on the real estate market. When mortgage money is scarce and interest rates are high, prices tend to level off and go down. Falling interest rates stimulate sales, resulting in increased demand for homes and in higher prices. For most home buyers, the decision to purchase is largely determined by the size of the down payment and the amount of the monthly payment on principal, interest and taxes.
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