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I'd love to know where you get your mortgages. 900 of 1000 most certainly does not go to equity unless you are in the last few years. At first it's more like th
by clarky07 13y ago
I'd love to know where you get your mortgages. 900 of 1000 most certainly does not go to equity unless you are in the last few years. At first it's more like the reverse, and that's not counting pmi (we are talking about low income borrowers, unlikely they put 20% down), house insurance, maintenance, or taxes.
Owning a home can be a good thing, but it isn't just easy money and wealth.