5 ms·
Selling your equity: $300K for 3% of your lifetime income
- adnam 17y agoIsn't this what's called a mortgage? :)
- mhil 17y agoWell yes, except usually you aren't mortgaging yourself.
- adnam 17y agoIt's interesting, a $300k mortgague at, say, 3% apr would mean repayments of around $1150 per month for 35 years. So I guess you are effectively giving away a large proportion of your lifetime income. 3% of earnings would be a pretty god deal for most people :)