Why Americans May be Against Mortgages in 2023 by Denis Smykalov, Real Estate Expert at Wolsen Real Estate

Top Quote Crypto real estate expert Denis Smykalov, broker-owner of Wolsen Real Estate in Miami comments on why many Americans might be against or neutral on mortgages for home buying. End Quote
  • Miami, FL (1888PressRelease) May 23, 2023 - Real Estate expert Denis Smykalov predicts shifts in the buying and selling of homes in the US real estate market. According to Smykalov, there are several factors that may cause Americans to be against mortgages in 2023.

    One of the reasons is the high interest costs associated with mortgages. Cumulative interest paid over the term of the mortgage can be substantial, and some people may be averse to the overall high cost of homeownership.

    Additionally, a mortgage is a long-term financial commitment, often spanning 15 to 30 years, and this level of commitment can be daunting for some. The fear of foreclosure is also cited, with the housing crisis of 2008 still fresh in many people's minds. For those who seek flexibility and mobility, renting may be the better option, while others may prefer to live debt-free and avoid taking out a mortgage.

    Denis says, "Each individual's circumstances and preferences will heavily influence their view on mortgages. While a mortgage can be a powerful tool for securing homeownership, it's not a one-size-fits-all solution."

    For more information about Denis Smykalov and his innovative approach to real estate, please visit www.wolsenre.com or follow him on Instagram ( @ ) denissmykalov dot

    More about Denis:
    Denis Smykalov built his career in the real estate industry over the last nine years by following his passion for being innovative, people and bringing the two together in the ideal environment. Achieving this goal so young, Smykalov decided to open an office in Sunny Isles Beach and became the owner of Wolsen Real Estate. With business on the rise, at one point there were 65 agents. Now there are 25 agents, a marketing department, social media department sales department and 3 assistants that have successfully helped bring in almost 80 million dollars in sales this year. His most notable accomplishments with Wolsen Real Estate were two crypto transactions. One was a resale at Marina Blue for $465,000, pre-construction at Waldorf Astoria for over $2.5 million as well as a villa sale on Hibiscus Island for $19 million.

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