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> It’s not uncommon for borrowers to extend their loans until their deaths How is this possible? I can't imagine any bank giving me a loan knowing there's a go
by xormapmap 3y ago
> It’s not uncommon for borrowers to extend their loans until their deaths
How is this possible? I can't imagine any bank giving me a loan knowing there's a good chance I won't be alive to pay it back.
- theandrewbailey 3y agoProperty doesn't stop existing when the owner dies. When the owner dies, the property is probably sold soon after, then loan is paid.
- bafe 3y agoThe heirs will inherit the loan. If they refuse it,the house would be sold and the profit will be used to repay the loan