Mortgages for the rich, WSJ

Mortgages for the rich

Mortgages for the rich

This illustration accompanies an article that exposes a new phenomenon in the US real estate market:

As luxury home sales take off, some home buyers with deep pockets safe avoiding large mortgages and are instead tinkering with creative payment options. Some are making massive down payments in exchange for a smaller loan with a lower rate. Others are sticking to all cash.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s