Aren’t Low Interest Rates For The Filthy Rich Too?

By
Real Estate Broker with Prudential PenFed Realty, "The Real Debbie Reynolds" Your Clarksville Real Estate Professional, 931-920-6730 TN Broker: 208698

 Aren’t Low Interest Rates For The Filthy Rich Too? Have you heard all the hub-Penniesbub about Mark Zuckerberg and the low 1% interest rate he got on his mortgage? The public seems to be indignant that this low interest rate be wasted on someone so rich. Is he not a good risk? Those pennies mount up as the filthy rich say.

 

The rates have been quite low for a while and many people have been smart and taken advantage of them to purchase a new home or refinance the one they have at a lower rate. I have been pleased that so many of my buyers have followed my advice and bought homes in Clarksville TN during this period of low rates. So while we Realtors have been saying to do it now before the rates begin to climb, why is there an outrage against someone who did just that, who just happens to be filthy rich?

 

While it’s probably true that Mark Zuckerberg did not need to mortgage his home, that he most likely had assets he could have cashed in to pay it off entirely, I think he was really smart to leverage his money and snatch up a 1% mortgage interest rate. Aren’t Low Interest Rates For The Filthy Rich Too? There should be no discrimination as to how wealthy you are. If you qualify, you qualify and I’m sure his underwriter was pleased to see the low debt to income ratios and all his assets to cover this mortgage.

 

So for those that have been sitting on the fence, it’s time to follow the lead of the filthy rich. Aren’t Low Interest Rates For The Filthy Rich Too? Of course they are. I just wish I could get a 1% interest rate on my house! If you would like to take advantage of low interest rates on your home purchase  or if you would like information on homes in Clarksville TN contact Debbie Reynolds Clarksville TN Real Estate Agent at 931-920-6730.

 

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Want To Know What Debbie Has to Say? 

If you are needing Real Estate services in Clarksville TN it would be my pleasure to assist you!

 

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"The Real Debbie Reynolds" at
BuyorSellClarksville.com

Prudential PenFed Realty, 2503 Wilma Rudolph Blvd., Clarksville, TN 37040

An independently owned and operated member of BRER Affiliated, Inc.

Not affiliated with Prudential. Prudential watermarks used under license.

931-920-6730 (office)   931-320-6730 (cell)

                 

 

 

 

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Topic:
Mortgage / Finance
Location:
Tennessee Montgomery County Clarksville
Groups:
Tennessee
Fort Campbell, KY Relocation Group
Creative Solutions That Saved The Deal
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Tags:
homes in clarksville tn
low interest rates
mark zuckerberg

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Rainer
199,699
Cheryl Thomson, REALTOR, Retired (U.S. Army)
Real Estate in Northern Virginia
Buyers Advantage Real Estate Corp. (c: 703.216.5635)

Hi Debbie.  We just got to keep plugging on folks.  They can't say you didn't tell them!

July 17, 2012 01:00 PM
Ambassador
742,382
Suzanne McLaughlin
Wright & Sherburne Counties Realtor
Sabinske & Associates, Inc. (Albertville, St. Michael)

Coulda, shoulda, woulda may be soon over.  I haven't heard what Ben Bernake's talk was today, but I can tell you that these interest rates won't last forever.  And, you are right.  Leveraging what you have to make more is the American Way.

July 17, 2012 01:34 PM
Ambassador
653,418
Debb Janes
Realtor, Camas, Washington EcoBroker
The Carl Group, LLC

Hi Debbie, he is an excellent risk eh?  As for the rest of us...darn straight. It is time to take advantage of these rates before it's too late. Good grief, what is it going to take? 

July 17, 2012 01:38 PM
Rainmaker
915,524
Belinda Spillman
Your Real Estate Resource For Life!
Aspen Lane Real Estate LLC

Debbie.  What the heck.  Its like the bank was just giving the money away.  I have heard of some in the high 2's but never at 1%.  Awesome.

July 17, 2012 02:41 PM
Ambassador
723,513
Debbie Laity
Your Real Estate Resource for Delta County, CO
Cedaredge Land Company

And again...a year later...interest rates are still low. Buy now. When they start to climb higher, a buyer will be able to buy less of a house.

June 23, 2013 09:03 PM
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Debbie Reynolds

Your Dedicated Clarksville TN Real Estate Agent
I Know Clarksville! Let me share it with you.
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Additional Information

Debbie Reynolds, Broker, ABR, CRB, CRS, GRI, SFR, SRES- Specializing in marketing, listing and selling real estate in the Clarksville TN/Ft. Campbell KY real estate market area