Monday, September 13, 2010

54 Million Dollar Mortgage for Tiger Woods

And you thought your mortgage was big! In the week since his divorce was finalized, Tiger Woods has made a new commitment that will make your head spin (it did mine!). According to TMZ, Tiger just signed on to a $54 million home loan to fund the construction on his Jupiter Island mega-mansion.

By my (very) rough math, the payment on a $54 million loan is somewhere in the $300,000/month range. Makes your mortgage seem much more reasonable, now, doesn't it?

If you want to see the homes of some of his new neighbors : http://www.trulia.com/for_sale/Jupiter,FL/price;d_sort/

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