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If your income rises significantly in dollar terms, you can easily pay off your mortgage, and stay living in your house? If you are forced to sell in the dip yo
by phreeza 5y ago
If your income rises significantly in dollar terms, you can easily pay off your mortgage, and stay living in your house? If you are forced to sell in the dip you are in trouble, but most people I know buy houses with the expectation of living there for decades.
- jbay808 5y agoThat's true if you have a full-term fixed rate mortgage. In some countries, like Canada, those are not available.
- EVa5I7bHFq9mnYK 5y agoOnly 37% of homeowners stay for more than 10 years in the same house.