![\"\"](\"https:\/\/i0.wp.com\/www.julianalee.com\/reinfo\/equity-vs-interest.png\")
<\/p>\nWhen interest rates are low, there are significant advantages for both buying and selling real estate.<\/p>\n
A buyer has a double advantage from the low interest rate: monthly payments are lower and equity builds quicker even with the lower payment. During the first 5 years of a 30 year mortgage, equity builds nearly twice as fast for a 3% interest rate loan as for a 6% interest rate loan. The monthly payment for\u00a0a\u00a0$500,000 loan at 3% would be about\u00a0$2,108 while for a loan at 6% it would be $2,998.<\/p>\n
Buying real estate when interest rates are low is a great way to build your wealth!<\/p>\n
<\/p>\n
A seller benefits by typically receiving a higher sales price for his house. Most buyers use a mortgage to pay for a significant portion of the purchase price. When interest rates are low, they can afford a higher purchase price. Competition drives prices upwards.<\/p>\n
Depending on your goals, whether you are thinking of buying or selling real estate, now could be a great time to take action because of the low interest rates.<\/p>\n","protected":false},"excerpt":{"rendered":"
When interest rates are low, there are significant advantages for both buying and selling real estate. A buyer has a double advantage from the low interest rate: monthly payments are lower and equity builds quicker even with the lower payment. During the first 5 years of a 30 year mortgage, equity builds nearly twice as […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[27],"tags":[28,11,8],"class_list":["post-61","post","type-post","status-publish","format-standard","hentry","category-buying-a-home","tag-buying-your-home","tag-mortgages-loans","tag-selling-your-home"],"jetpack_featured_media_url":"","uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"Jeff JulianaLeeTeam","author_link":"https:\/\/julianalee.com\/blog\/author\/webmaster\/"},"uagb_comment_info":0,"uagb_excerpt":"When interest rates are low, there are significant advantages for both buying and selling real estate. A buyer has a double advantage from the low interest rate: monthly payments are lower and equity builds quicker even with the lower payment. 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