The formula for determining the real cost of the borrowed (mortgage) money is:
Mortgage interest rate multiplied by (1 - tax rate) minus the annual
inflation rate. For example, 6.75% times .7 (30% tax bracket) equals 4.45.
Then subtract 3.4 (this year's inflation rate).
The result is 1.05%!!!!!!!!!!!
This is the real cost of the borrowed money. Social engineering at its best.
Hey, I'm home sick, need something to amuse myself.
Mortgage interest rate multiplied by (1 - tax rate) minus the annual
inflation rate. For example, 6.75% times .7 (30% tax bracket) equals 4.45.
Then subtract 3.4 (this year's inflation rate).
The result is 1.05%!!!!!!!!!!!
This is the real cost of the borrowed money. Social engineering at its best.
Hey, I'm home sick, need something to amuse myself.
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