Selling your equity: $300K for 3% of your lifetime income
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Selling your equity: $300K for 3% of your lifetime income
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Re: Selling your equity: $300K for 3% of your lifetime income
#2Isn't this what's called a mortgage? :)
Re: Selling your equity: $300K for 3% of your lifetime income
#3Isn't this what's called a mortgage? :)
Well yes, except usually you aren't mortgaging yourself.
Re: Selling your equity: $300K for 3% of your lifetime income
#4Isn't this what's called a mortgage? :)
Well yes, except usually you aren't mortgaging yourself.
It'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 :)