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The "ultimately owe the bank much more" part is why this is really bad. Even while you're filing for bankruptcy, you would want to structure the mortgage so th
by munchbunny 9y ago
The "ultimately owe the bank much more" part is why this is really bad.
Even while you're filing for bankruptcy, you would want to structure the mortgage so that you are paying it off as quickly as you can specifically because compounding interest really hurts.