Mark Zuckerberg’s Home Has A 30-Year Adjustable Rate Loan Starting At 1.05%
Mark Zuckerberg, the billionaire co-founder of Facebook, has refinanced his $5.95 million mortgage on his home in Palo Alto, California with a 30-yer adjustable-rate starting at 1.05% according to public records of the home. The borrowing costs that are availabe to high net-worth individuals are much lower if the person is willing to bear the risk of monthly interest rate adjustments according to Bankrate Inc. senior financial analyst Greg McBride.