%% Wonder what kind of closing costs + prepayment penalties........they stick/stab the buyer with ?? LOL,
So how do they make money? EDIT: Nevermind. They're going to charge origination fees (probably very high fees) and then sell the mortgages at a discount to some idiot pension funds, effectively making the mortgages into a Zero.
Thats one of many ways they make money;+ teaser zero rate + jack it up in several years.........................................................................................
It actually gets better, this Danish bank offers -0.5% mortgage interest rate: They pay you to borrow money from them. https://www.businessinsider.com/danish-bank-offers-mortgages-at-negative-interest-rates- 2019-8 Sooner or later, the Danish will give away their house free.
I'd say the opposite. Prices will go through the roof because everyone's borrowing capacity will explode.