Mortgages, Ship Share & Payments Oh My! [IMTU]

[MarcusIII]

As we know if a player gets a couple ship shares that can mean he gets the ship with 10 years of the 40 year mortgage paid. But the monthly payments don't change. Your 100 ton trader that costs MCr 27 has monthly payments of ~KCr 84.

In my game if a person gets 2 ship shares of this type I allow them to refinance the remain 30 years amount (MCr. 20.2) into a new 40 year loan. Monthly payments now being ~KCr 63. Ships in my game > TL 10 last centuries if properly maintained and not abused (as PCs usually do ).

Just a way to make it easier to adventure.

 

[Fluffy Bunny Feet]

Ship shares only amount to 1MCr each not 25%. Getting a ship rolled is 25% for each time it is rolled.

 

[Condottiere]

There can be only be one (title holder).

Mortgage rates tend to depend on the interest rate, and their attractiveness includes how much of amount repayable can be used as a tax write off.

Doesn't seem much point in stretching them out, if you can't alter a couple of those aspects.

 

[MarcusIII]

Doesn't seem much point in stretching them out, if you can't alter a couple of those aspects.

Reread my post. I gave a huge reason for refinancing the loan.

 

[Condottiere]

Traveller mortgage rates seem rather fixed.

You could try that with a subsidized merchantmen, since the subsidy comes straight from a government, presumably, and refinancing that could tap straight into taxation rebates.