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Real Estate
Reply to "Would you pay cash for a house now?"
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[quote=Anonymous]Compare the interest rate on your asset backed loan (not deductible)—see eg TD or Schwab— to a jumbo ARM rate (deductible but probably not entirely thanks to SALT cap and TCJA $750K cap). For the ZOMG jumbo ARM people…. Who’d you rather lend to? A jumbo ARM to a couple with assets 2x the mortgage who is debating paying cash, or a conventional 30 year fixed loan to a couple who needs 100% of both incomes to qualify and with a few months of reserves tops? Because no one freaks out about the latter for some reason.[/quote]
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