Today's interest rates compared to the 1980's The highest mortgage interest rates in the United States occurred in the early 1980s. In 1981, the average interest rate for a 30-year fixed-rate mortgage was around 18%, which is significantly higher than...
BRIAN BIRK | 4-MINUTE READ 4/11/2023 A 40-year mortgage can have several benefits for certain individuals. Here are a few potential advantages: Lower monthly payments: One of the primary benefits of a 40-year mortgage is that it can lower your...
The complete guide to closing costs: BRIAN BIRK | 4-MINUTE READ 4/8/2023 Closing costs are fees paid at the end of a real estate transaction when the property changes ownership. These costs can include a wide range of fees, from...
How much equity does a home gain every year BRIAN BIRK | 4-MINUTE READ 4/2/2023 The amount of equity a home gains every year depends on various factors, including the local real estate market, the condition of the property, and...
Is it a good idea to refinance my home to pay off debt? BRIAN BIRK | 4-MINUTE READ 4/1/2023 Refinancing your home to pay off debt can be a good idea in some cases, but it depends on several factors....