Disclosures of a millionaire: Wealthy people have bills to pay and also have to continue to produce income, if you buy let’s say an 11 Million dollar home assuming you put 20% down ($2.2 million) and financed the remaining $8.8 million, their monthly mortgage will be about $42,000! Add to that an annual property tax bill of $110,000, insurance, home owner’s association dues, upkeep, etc. and its likely that your monthly housing expense will be $60-70,000 per month. No problem… #Israelangonrealestate #FinanceMyHome #MyHomeValue
Posted on: Fri, 24 Jan 2014 04:32:14 +0000
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