5 ms·
Banks in the US don't do this on mortgages.
by Nick87633 6y ago
Banks in the US don't do this on mortgages.
- sombremesa 6y agoInteresting, looks like you're right. Also looks like you can improve the home (even DIY) and use that improvement to erase negative equity. Though of course it has to be the 'right' improvement, like kitchens and baths.
- refurb 6y agoWith fixed mortgages this is true, but if you get an adjustable rate, you’ll need to refinance and that’s when you need to requalify and meet loan to value ratios.