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Friday, May 10, 2024

Real estate

Real estate is considered real property that includes land and anything permanently attached to it or built on it, whether natural or man-made. There are five main categories of real estate which include residential, commercial, industrial, raw land, and special use. Investing in real estate includes purchasing a home, rental property, or land. Indirect investment in real estate can be made via REITs or through pooled real estate investment.

Types of mortgage loans

Fixed-rate mortgage: The interest rate remains constant throughout the life of the loan, providing predictable monthly payments. Adjustable...