Ask HN: What to avoid in life?

Re:Ask HN: What to avoid in life? by glofish on Sunday February 02, 2020 @11:35AM (#22217746)

I think banks make their money not on interest rates but on various fees and overheads: each person getting a mortgage pays 10K (or more) to the bank right away. That is huge upfront money in addition to the interest rate.

Same with late fees etc. Huge business.

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Re:Ask HN: What to avoid in life? by arcticbull on Sunday February 02, 2020 @02:04PM (#22218655)

also folks on average refinance or sell their property every 10 years meaning folks on a 30 year restart, paying new origination fees and once more the bulk of their payments are interest.

[ Parent | on HN ]