Fairy Enchantress

How did Zuckerberg get a 1% mortgage?

Recommended Posts

He has the money to buy a lot of points on it. It's at 85%, but he appears to be good for the $5.95M, I'd say. I don't expect that loan to default.

Link to post
Share on other sites
Guest usctrojanalum

When you have that kind of cash you can take chances on an adjustable rate mortgage, because if the rate jumps to 9% you can just pay off the loan and not worry about it. Whereas if the average Joe gets an adjustable rate and his rate jumps to 9% he is in foreclosure.

Link to post
Share on other sites

I guess the reason he is a billionaire is not because he is stupid, but I get the reason behind the 1% as not really costing him money, but with all that money what is 5.9 million really.

If I had the money, I'd loan it to him at .000!%. Talk about somebody being good for the loan.

Link to post
Share on other sites
I guess the reason he is a billionaire is not because he is stupid, but I get the reason behind the 1% as not really costing him money, but with all that money what is 5.9 million really.

If I had the money, I'd loan it to him at .000!%. Talk about somebody being good for the loan.

Not that there is any similarity between them but they said the same thing about Bernie Madoff.

Link to post
Share on other sites
Guest
This topic is now closed to further replies.