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Old 09-23-2012, 08:10 PM   #13
A little Miami humor...
JimMIA's Avatar
Join Date: Feb 2005
Location: Miami, Wyndham Great Smoky Mountains, and EVER (Everglades National Park)
Posts: 11,504

Originally Posted by BestDadEver View Post
I know what hes saying, but the only other real life , option to finance a purchase like this , unless you want to put your home up for collateral , is a personal loan . Then its on par .
No offense, but you're really missing the mark here, Dad. Seriously.

Disney's rates for a mortgage secured by real property are 11+% (which few get) and 14.75% (which is the REAL number). 14.75% for a mortgage (when other mortgages go for <4%) is truly "obscene," as someone perfectly described it earlier in this thread.

AND...not for nothin'...it's an obscene interest rate on top of paying a hugely inflated purchase price!

Comparing interest rates on a real estate mortgage to a personal loan is just plain silly -- and more important, it's UNhelpful to prospective buyers trying to analyze a complex transaction.
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