Please join NAR Research and REALTOR® University for the next installment of the REALTOR® University Speaker Series on Tuesday, September 8. Ken Fears, Director of Housing Finance and Regional Economics at the NATIONAL ASSOCIATION OF REALTORS®, will discuss finding a better balance between building home equity and affordability. Register today!
|Date and time:||Tuesday, September 8, 2015 12:00 am
Eastern Daylight Time (New York, GMT-04:00)
|Tuesday, September 8, 2015 11:00 am
Central Daylight Time (Chicago, GMT-05:00)
|Tuesday, September 8, 2015 10:00 am
Mountain Daylight Time (Denver, GMT-06:00)
|Tuesday, September 8, 2015 9:00 am
Pacific Daylight Time (San Francisco, GMT-07:00)
Mortgage Design Proposal: A Better Balance Between Building Home Equity and Affordability
Currently, the most common mortgage product is the 30-year fixed rate mortgage product. Although this product has the attractive features of a fixed payment and no upside risk from rising mortgage rates, it also leads to a slow buildup in equity for the borrower. Mr. Fears will present his proposal for a new mortgage product that remains affordable for the borrower while helping to build up equity in a shorter period.