Home prices are going crazy! What’s going on? In this episode, Art answers listener questions about home purchases and mortgages.
Here are the questions we answer:
Question 1: Why are home prices so high right now, and when will they drop?
Question 2: I can get a mortgage by only putting 3% down. I know you aren’t a big fan of these loans, but I am worried that I will never get a home if I don’t buy now because the costs keep going up. This is my only option. Thoughts?
Question 3: What do you prefer—15- or 30-year mortgage?
Question 4: What was your strategy for paying off your home early?
Question 5: Should I tithe off a gain from my home sale?
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