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Reply to "My mortgage is $16,508 a month! WHat do you think about that!"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]Why do you have a mortgage?[/b][/quote] :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: [/quote] Because when you are that rich a mortgage = free money.[/quote] In what way? If you're that rich, you can't even deduct the interest. You're just paying more for your house.[/quote] Ultra high net worth individuals get incredible mortgage rates. Basically 1%. It's practically free money. If rates go up, you have the cash to simply pay it off but in the meantime you can get a 12% return on that money[/quote] NP - We are a high HHI family. We had a mortgage which adjusted down to 1.99% during the housing bust. DH paid it off, though. [/quote]
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