Rochester New York Real Estate

Real Estate Debt – The Debt Worth Having

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Monday, February 18, 2013

In this article from BiggerPockets - Today is one of the best times to have debt. Debt has never been so cheap before. In the early 1980s, mortgage rates touched the highs of 18 and 19 percent, rates that would make a credit card company blush! Look at the interest rates that pasted on the glass of banks today and you’d realize how cheap debt has become today. Let’s just see what it would cost to finance a $200,000 house today compared to the 1980s with a 20% down, 30 year fixed mortgage:
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