2 ms·

Would you pay 1 mill dollars of debt on a 500k house?

• toomuchtodo 5y ago
  In certain circumstances, absolutely (if rent payments would be higher than the mortgage payments over the holding period, or if the value of the property would accelerate past the mortgage balance during the holding period).
  • throw123123123 5y ago
    You are only locking yourself with a loss here, and the price is 500k. Just look at default rates of underwater properties to see how the masses react.
    • deleted 5y ago
      [deleted]