The article portrays a financially savvy individual with a high credit score of 830, minimal debt, and substantial investments. They purchased a home for $835,000 with a 3.2% fixed mortgage, utilizing only $1 down. With an impressive annual income of $390,000 and a pristine payment history, the likelihood of loan default is virtually non-existent. Additionally, they maintain smart spending habits, maximizing credit card perks without accruing interest. Their investments, totaling $1.65 million, have seen growth thanks to a favorable stock market, reinforcing their sound financial strategies.
I bought a house in February 2021 with a 3.2% fixed 30-year mortgage. The price of the house was $835,000. I put $1 down on the mortgage.
According to industry forecasts, the chance I will default on any of my loans is close to zero to get my credit score.
I have not paid interest on a single loan in nine years; I spend $120,000 using the cards each year, and I pay them off monthly.
My savings and investments total $1.65 million, and I earn a 2% yield on them, with a value increase of 8.2% over the past two years.
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