Realty Mortgage

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Realty Mortgage

Realty and mortgage go hand in hand.  The only way to get real good realty is with a mortgage, unless you save and save and save.   Before we go into more detail the definition of realty is "real estate"  so when you see real estate agent or realty agents, it's essentially the same thing.  Realty mortgages come in many forms.  Fixed rate mortgages are loans that have a fixed interest rate.  These loans are normally 15, 20, 30, 40 or 50 years and are amortized, which means you pay equal monthly payments of principal and interest.  FHA (Federal Housing Administration) loans, which are loans  that are insured by FHA, so your lender can offer you a better deal.  Then there are VA (Veterans Administration) loans to help veterans.  Another type is an interest only mortgage, which basically means you can pay interest only payments.  This does not mean you pay only interest, it just means that you have the option to pay interest only, which may be useful if you can't afford mortgage and interest payments combined.  Then there is the ARM loans (adjustable rate mortgage loans) which means the interest rate is adjusted depending on several variables.

Advantages of Realty

Realty can be a great investment.  Unlike stocks, realty is something you can both invest in and enjoy at the same time, and unlike stocks, if the value goes down, you can still enjoy the investment and there is little chance it'll become worthless.  In addition to that, realty is something you can directly participate in as an investment.  You can add to its value, or just hold on to it and as the population of the world goes up, and if the property is kept in good shape, then the value will likely go up over the long haul.  It is also a very solid and tangible investment.  It is as real as it gets.  There are, however, major downsides to owning realty, and they are; one, you have to keep the property in good condition, otherwise it is not a good investment, and two, it is a very expensive investment which you will likely pay off over a long period of time.
Now if you are talking real investment, for the short term, realty can be tricky.  You have to know how to get the most bang for your buck and you have to make sure the market is right, but all of these things vary so much, that it would be useless for me to talk about them here.

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