A low blow to the wallet

Bushface · Posted: Thu Nov 08, 2012 12:10 am Post subject: A low blow to the wallet

I have just moved up to "advanced" level, starting in Jan.80 and in May of that year bought a ship using $1,487.000 mortgage. In August I was horrified to get a mortgage-cost charge of $297,400, which is a rate of 20% in 3 months and means that mortgaging is NOT a viable method of raising cash.
Can this possibly be right ? Is it worth continuing with the game ?

rdklein · Posted: Sat Dec 08, 2012 8:17 am Post subject:

usually mortgage should be raised only once a year, I will take a look at this part.

Christian Todt · Posted: Sat Dec 08, 2012 8:40 am Post subject:

I am not sure.
My experience is, that mortgage is due in each quarter (or do I mistake it for credit rates?).
However the quarterly due sums were always (yearly interest/4)

best regards from Suzhou,
Christian
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rdklein · Posted: Sat Dec 08, 2012 8:41 pm Post subject:

long time ago I did this part .