Lower payments, weaker equity, and no way out.
You are assuming, if this actually becomes a thing, it wont be adjustible rates.
Good catch. If they're adjustable rate, this gets way uglier. No equity, no moves.
Thank you for the brilliant analysis!
You are assuming, if this actually becomes a thing, it wont be adjustible rates.
Good catch. If they're adjustable rate, this gets way uglier. No equity, no moves.
Thank you for the brilliant analysis!