You’ve probably heard the buzz lately about 50-year mortgages. And I get it ...it sounds tempting. Lower monthly payments? More buying power? At first blush, it feels like a magic fix. But when you actually dive into the numbers, it gets a little uncomfortable. Stretching a mortgage out an extra 20 years means it takes forever to build equity. Most of your payments go straight to interest for decades, and before you know it, your banker starts to feel more like your landlord. By the end of it al
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TikTokmercerislandrealestate
Everyone's asking: “Should I wait to buy?” Here's the truth — interest rates feel high because we’ve gotten used to ultra-low ones. But if you zoom out, today’s rates are actually near the long-term average (around 7%). Now, about inventory. Mercer Island normally has around 100 active listings — and while we’ll see more homes hit the market this year, we’re not expecting a flood. That means prices will likely keep rising. So if you're thinking about buying, now might be your best window. Lock i
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TikTokmercerislandrealestate
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