The finances of real estate economy are booming, with hundreds of billions of dollars in rotation.
Low interest rates combined with a good economy, have led to an increase in mortgage refinancing and getting a home equity line of credit (HELOC.)
While the two differ, the end result is the same: consumers are using the good economy to reduce high interest debt and even eliminate it.
And now for the fun part, associated domain names that utilize these mortgage related financial keywords.
Last year, the domain MortgageRefinancing.com was sold by Warren Mae for $148,500 dollars.
The domain was acquired by Freedom Mortgage, a large mortgage lender that didn’t sit on its laurels. Domain industry professional, Kate Buckley, announced the successful brokerage of HELOC.com, the matching acronym, to the same buyer.
Freedom Mortgage was represented by Slade Michalec of Lumis brokerage, and we were advised that this is a solid high five figure sale, despite the lack popularity for the term, the buyer’s financial prowess, and the fact that not one, but two domain brokers were involved.
Lastly, it’s important to note that Freedom Mortgage acquired the domain Freedom.com, a 1993 registration, for $2,000,000 dollars in 2017. The seller’s broker in that deal was Ali Zandi.
Congratulations to all the parties involved!
Mortgage domains are hot currently – Photo by NeONBRAND on Unsplash
