Warning: Some posts on this platform may contain adult material intended for mature audiences only. Viewer discretion is advised. By clicking ‘Continue’, you confirm that you are 18 years or older and consent to viewing explicit content.
Not if I understand the phrase correctly. The house may be valued more than what is remaining on your loan, but you’ve spent a lot of money closing the house. So if you sold before the 13 years you would be able to pay off your loan but you would have lost money.
Not if I understand the phrase correctly. The house may be valued more than what is remaining on your loan, but you’ve spent a lot of money closing the house. So if you sold before the 13 years you would be able to pay off your loan but you would have lost money.
Gotchya, so if they had 0% or low down payment they would be upside down for 10+ years.