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So what kind of rich do you have to be to get near AFR loans. Cheapest I've seen is IBKR right now at %1.6 with a margin loan.
by novok 5y ago
So what kind of rich do you have to be to get near AFR loans. Cheapest I've seen is IBKR right now at %1.6 with a margin loan.
- cornel_io 5y agoEh, I guess that's not super accurate, no bank will loan at AFR, you're correct. But an LLC with cash in the bank that you control or owes you a favor can and will, and that's completely on the level as long as you pay AFR rates.
- MattGaiser 5y agoScroll further down on the IBKR table. 1.6% is the rate everyone gets. If you manage 200 million for example, you pay 0.75%. Some other currencies have 0.5% interest. https://www.interactivebrokers.com/en/index.php?f=46376 https://www.interactivebrokers.com/en/index.php?f=46376
- novok 5y agoYou only need to start loaning out more than $1m to start hitting way below mortgage rate %0.75!!!