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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Because you are rich and don't need a mortgage.  That's the most common answer.  People who advocate for getting a mortgage to leverage low interest rates are not rich.  They are still trying to become rich. [/quote]

Wait what on earth are you talking about?? Honest question, are you just trolling?   Playing the investment return vs mortgage rate arbitrage game makes sense no matter how wealthy you are.   Holy smokes that’s scary for you if you don’t realize that[/quote]

+1. It’s not that hard to look up property records and find out that most wealthy people have mortgages (the “all-cash” stuff sounds sexier than stating the truth, which is that people waive the financing contingency and get mortgages). Or you can even just check homes.com which has the mortgage information for each property also. Or if you’re really rich, you can also ask your private wealth manager. [/quote]

This isn’t true, it’s pretty hard! I don’t think homes.com would be accurate. Sometimes maybe they’re pulling from public records but they might also be using mortgage calculators and such.

In Maryland, you have to use the land records search which is pretty difficult and you can’t search by address.

I don’t think it’s easy to trace like if someone creates an LLC or for some other reason the mortgage holder is a different entity, it wouldn’t be easy to search. [/quote]

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