Interest Rates and Rate Strategies
In a sentence: If rates are high, your profit will be low. You also need to know which type of loan to select for your properties based upon recent trends and forecasts. Sometimes it might be better to hold off on a purchase because of interest-rate conditions. And you certainly need to know when it’s profitable and when it’s not profitable to refinance your properties.
That’s easy enough, right? There’s no science to that. But knowing when to buy based upon the cost of money can be just as important as the cost of acquiring the property itself. Knowing how rates are set, how they move, and how they’re quoted by your loan officer can mean the difference between getting qualified and gaining positive ...