4 ms·
Are jeonse-s traded somewhere ? I'm missing your point. You can get a Home Equity Line of Credit for around 3%, so it's just not worth it to use jeonse. Compar
by buzzdenver 10y ago
Are jeonse-s traded somewhere ? I'm missing your point.
You can get a Home Equity Line of Credit for around 3%, so it's just not worth it to use jeonse. Compare these:
1. I get $100k jeonse for 2 years for my condo that is worth $200k.
2. I rent out my condo for $1,000/month, and take out a $100k HELOC for 3%. So every year I pay $3k interest and have $12k rental income, $9k win for me.
Clearly #2 is the superior option.