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ksec
2144 days ago
It is common practice for nearly all those wealthy people relying on stocks. What I am interested in is the interest rate they get on those loans.
1 comments
foghornleghorn
2144 days ago
It's actually lower than retail bank interest rates. For example, if they get a huge mortgage, usually it is at least 100 basis points lower. This is because these people are considered extremely low risk.
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jjeaff
2144 days ago
I have heard it is pretty common for them to get 1 or 2% because the banks usually want to win their business.
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