> I once asked what happens if you miss a payment after paying off 98%, and the closing lady said that the bank will repossess it In what country? In the US it

> I once asked what happens if you miss a payment after paying off 98%, and the closing lady said that the bank will repossess it In what country? In the US it's almost impossible for the bank to take your primary residence regardless of whether you stop paying when you owe 2% or 98%. Anyway ownership is not the same as 100% equity. You still get market_value-loan after a shortsale.