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/biz/ - Business & Finance

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12483447 No.12483447 [Reply] [Original]

I can borrow $150k with a 0,9% interest rate (mortgage 1y fixed). I'm thinking about getting a high dividend etf and earn 3-4% in div each year. I'm european btw.

Rate my plan biz

>> No.12483458

>>12483447
Factor in closing costs of the loan. It’s probably a wash.

>> No.12483497

interest rates are calculated every month so its 0,9% x 12 for one year. Plus the famous unwanted insurance, which you have to formally disagree in order to... not agree.

>> No.12483509

>>12483497
Its 0,9% a year everything included
>>12483458
closing costs are not that much probably 1-2% of the loan

>> No.12483547

>>12483447
0.9% sounds quite cheap, mate. Is it some goverment bank? Also when you invest your euros in a fond which is in usd you have quite a high risk.

>> No.12483572

what collateral do you have? no bank is going to lend you money to trade with without serious collateral

>> No.12483602

>>12483509
they only say its per year but its not. Just dyor.

>> No.12483626

>>12483572
Yes they will. It’s called having good credit

>> No.12483648

>>12483572

>>12483602
Mate you dont know anything. I already have a loan like that and i pay that rate.

>>12483572
My apartment. Mortgages are very cheap in Denmark. I could get a 3% 30y fixed but I dont think that the interest rates will increase much the next 5 years