Danish banks offer 30 year mortgages for 0 %.....

[murray t turtle]

Those new Danish homebuyers will be underwater after the loan term. Literally underwater.

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Wonder what kind of closing costs + prepayment penalties........they stick/stab the buyer with ?? LOL,

 

[kj5159]

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.

 

[murray t turtle]

%%
Wonder what kind of closing costs + prepayment penalties........they stick/stab the buyer with ?? LOL,

Thats one of many ways they make money;+ teaser zero rate + jack it up in several years.........................................................................................

 

[ironchef]

20-Year Mortgages Hit Zero for First Time in Danish Rate History

https://www.bloomberg.com/news/arti...ar-mortgages-at-zero-interest-as-rates-plunge

In Denmark’s $495 billion mortgage-backed covered bond market, another milestone was reached on Wednesday as Nordea Bank Abp said it will start offering 20-year fixed-rate loans that charge no interest.

The development follows an announcement earlier in the week by Jyske Bank A/S, which said it will start issuing 10-year mortgages at a coupon of minus 0.5%. Danes can also now get 30-year mortgages at 0.5%, and Nordea recently adjusted its prospectus to allow for home loans up to 30 years at negative interest rates.

Why do you want to live in the USA? Move to Denmark! LOL! LMAO! ROFL!

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.

 

[autrader]

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.