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A bit offtopic, but 8% interest rate on a loan you can't default on sounds bonkers. I'd rather expect something like 0.5 percentage points over the current inte
by distances 9y ago
A bit offtopic, but 8% interest rate on a loan you can't default on sounds bonkers. I'd rather expect something like 0.5 percentage points over the current interbank offered rate.
- sndean 9y agoWe really need to refinance, but the best we can find is ~7%, I think? Most of the residents I've been around either seem to be in denial about how terrible their debt situation is or quickly change the subject.
- distances 9y agoYeah, I didn't mean that you could find a much better deal. Just that the loan market itself is seriously broken with these kind of interest rates.