Six ways the rich really do get richer

4. Borrowing is easy – if you don’t need the money

Lucas Jackson/Reuters/File
The logo of Swiss bank UBS can be seen outside its New York office in this 2009 file photo. Especially in times of constrained credit, the wealthy find it easier to get a bank loan than do ordinary citizens.

Mark Twain is credited with the expression, “A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”

For the first time since records have been kept, rates this month for 30-year mortgages dropped briefly below 4 percent. Unfortunately, to get those rates you’ll need plenty of money down and an excellent income and credit score. No problem for the rich, big problem for the struggling.

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