No it is not John Kerry's personal house that he bought with his own money. It is a house that he and theresa bought together. John Kerry took out a mortgage for "his half of a $10 million Boston town home that he owns jointly with wife and millionaire heiress Teresa Heinz Kerry. The mortgage would be worth around $5 million."
http://www.pbs.org/newshour/updates/kerry_12-19-03.html
Here is the problem though and maybe you can explain this: His loan is a 30 year loan, but for the first 10 years of the loan all he has to pay is th einterest. Even at a very handsome interest rate, the interest on this amount of money is upwards of $200,000...more than he makes in a year as a senator. Sure, he has money stored away, but he has never claimed any appreciable savings in his annual Senate finance report...so where is the money gonna come from???
Kerry's mortgage payments
http://www.pbs.org/newshour/updates/kerry_12-19-03.html
Here is the problem though and maybe you can explain this: His loan is a 30 year loan, but for the first 10 years of the loan all he has to pay is th einterest. Even at a very handsome interest rate, the interest on this amount of money is upwards of $200,000...more than he makes in a year as a senator. Sure, he has money stored away, but he has never claimed any appreciable savings in his annual Senate finance report...so where is the money gonna come from???
Kerry's mortgage payments
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