By keeping $2M in stocks growing at 8% while paying 5–6% interest on a loan, they essentially "make money" while buying property. 3. Jumbo Mortgages and Private Banking
Lenders typically demand a credit score of 700+ , a debt-to-income (DTI) ratio below 43% , and 6–12 months of cash reserves . how do people buy million dollar homes
Sophisticated buyers often use private wealth management services that offer tailored mortgage solutions, exclusive rates, and flexibility not found at standard banks. 4. Creative and Alternative Financing By keeping $2M in stocks growing at 8%