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Why would that be a nasty surprise? The real value is unchanged. Unless you're saying the adjustment only happens at renewal, and not annually?
by smallnamespace 10y ago
Why would that be a nasty surprise? The real value is unchanged. Unless you're saying the adjustment only happens at renewal, and not annually?
- akvadrako 10y agoOften that's the case and in some countries you typically owe the whole value for the next 40 years when it's renewed. Of course it could be absorbed in the mortgage.