Rising mortgage rates have scared many potential home buyers, but as we will learn today, it still might be a great time to buy a house. Paula and Jon are rejoined by one of their very first guests, Marc Edelstein of Ross Mortgage.

Yes, interest rates have risen, but home prices have declined. Marc walks us through the math of why your final numbers today might not be far off from where they were in the past. In many ways, we are returning to a bit of a “normal” market.

We also talk about owning vs. renting. Every individual’s situation is different, of course, and sometimes your circumstances may dictate that you need to be a renter. Marc tells us why he considers paying rent to be a “100% interest rate” and why it’s advantageous to buy, as a way to accumulate wealth.

What happens if mortgage rates drop? Even a 1% lowering of interest rates can be worth refinancing your home, and Marc explains why.

Producer Jon also jumps in with his key takeaway, as he and his wife are looking for a bigger home soon.

If you’d like to reach Marc, you can do so via his website, https://www.thatmortgagebanker.com/

Or give him a call at (248) 379-6749. Marc is powered by Ross mortgage NMLS number 533706.

For bigger picture financial help, you can email Paula Christine: paula@paulachristine.com, or visit her website: https://paulachristine.com/