9-Year-old Gives Up $300 Xbox to Buy Blankets For Homeless So Microsoft Sends Him One for Free » Mortgage Masters Group

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Cliff Branch bought a home with a 10.5% adjustable rate mortgage for 30 years. He paid $9.99 monthly per thousand on his original loan. At the end of 3 years he owes the bank $65,000. Since interest rates have risen to 12.5%, the bank will renew the mortgage at this rate, or Cliff can pay the bank $65,000.

9-year-old Mikah Frye did the math: if he gave up his $300 Xbox, he could give away 30 blankets to the homeless. It was a no-brainer. Source: 9-Year-old Gives Up $300 Xbox to Buy Blankets For Homeless So Microsoft Sends Him One for Free

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