4 ms·
> If you have a mortgage, it is so meaningless it can bankrupt you. Not sure what this means? Once you have the mortgage, if you can keep paying it you're fin
by jjav 3y ago
> If you have a mortgage, it is so meaningless it can bankrupt you.
Not sure what this means?
Once you have the mortgage, if you can keep paying it you're fine. Whether the house value on paper is higher or lower doesn't make any difference.
My house has twice gone down in paper value below what the mortgage balance was at the time. As long as I want to keep living there, that doesn't mean anything.