often ranging from 15 to 25 years. Interest rates are often variable, leading to payment fluctuations that can create financial uncertainty for homeowners. The higher monthly payments and the potential for rising costs make it more challenging for individuals to enter the housing market. AUSTRALIA. Australian mortgages often feature variable interest rates and shorter terms. Although fixed- rate options are available, they are usually limited to shorter periods, such as five years. This can expose homeowners to interest rate risks and higher long-term costs. JAPAN. Japan does offer long-term fixed-rate mortgages, but the terms are often less favorable than those in the U.S. Additionally, Japan’s real estate market is characterized by slow property appreciation, which limits the wealth- building potential of homeownership. LATIN AMERICA. In many Latin American countries, high interest rates and shorter loan terms are common, making mortgages less affordable. Economic instability and inflation can further complicate the home financing landscape, deterring potential buyers. THE AMERICAN ADVANTAGE The availability of the 30-year fixed- rate mortgage in the United States provides a distinct advantage to American homebuyers. This financing product not only makes homeownership more attainable but also contributes to economic stability and individual wealth creation. The ability to lock in a low interest rate for the life of the loan shields homeowners from market volatility and rising interest rates, offering a level of security that is rare in other parts of the world. The 30-year fixed-rate mortgage is truly a gift, providing Americans with a reliable
and affordable path to homeownership. By appreciating and leveraging this unique advantage, prospective homeowners can secure their future, build wealth, and enjoy the stability that comes with owning a home.
JOEL MOYES
Joel Moyes has more than two decades of experience in development, brokerage, and investment management. A driving force behind Realty Executives and a principal at Kinetic Companies, his extensive background includes a wide range of activities from strategic business development and consulting to acquisition and pre-leasing services, with successful transactions totaling hundreds of millions in aggregate consideration. At Kinetic Companies, Moyes and his team partner with international and domestic investors to navigate market cycles and challenges across various industries, including healthcare, technology, and commercial real estate. As the designated broker for Red Brick Property Management, Moyes oversees the management of a diverse portfolio of properties, ranging from tenant relations and lease administration to financial reporting and maintenance. As co-owner of Realty Executives, Moyes fosters a culture of excellence and empowerment, inspiring both seasoned professionals and aspiring agents. His commitment to client satisfaction and community engagement underscores his dedication to corporate responsibility and social impact.
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