With interest rates noticeably higher than a year ago and still on the rise, the increasing cost of financing may be top of mind for some borrowers. A $600,000 30-year mortgage at 3.5% would amount to $2,694 a month. The same mortgage at 6.5% rises to $3,792; a 40% increase in monthly outflow. Declines in … Continue reading With Mortgage and Other Rates Increasing, is a Family Loan an Option?