Re:Today I asked a bank for a conventional mortgage and they...
by chubbyFIREthrwy on Tuesday April 12, 2022 @05:23AM
(#31000364)
I considered those, but they have variable rates (which are likely to be much higher than 2.x% over the 30 year term) and risk being margin-called during a crash.
Re:Today I asked a bank for a conventional mortgage and they...
by Dylan16807 on Tuesday April 12, 2022 @05:19AM
(#31000330)
And what kind of interest rate do you get?
This is very common for stock-rich-income-poor workers who have long term stock comp. Of course, doing that encumbers the stock/asset rather than the house, which isnt exactly the same, but you still get the money to buy a home.