Comments on: Mortgage worth more than your house?

By: Ditech Home Loans

Ditech Home Loans — Mon, 16 Mar 2009 17:14:03 +0000

The loss of home equity is not a good reason to default on your mortgage. If you had the ability to make your mortgage payments when you had equity, you should be able to make your payments without equity.

By: admin

admin — Thu, 12 Mar 2009 17:58:05 +0000

Qmanrei: Yes, that is a very good observation. Since people in the U.S. are already seeing this issue, it will be interesting to see how it plays out as a “script” for Canada in a few years.

By: qmanrei

qmanrei — Thu, 12 Mar 2009 16:18:34 +0000

In Canada – A concern is going to be those who have signed up for 40 year amortization and 100% financing with a short term mortgage. What happens when they go to renew and they can only amortize over 35 years and need 5% in the property?

By: A Week in Review: Edition #2 | My Findependence Day

A Week in Review: Edition #2 | My Findependence Day — Fri, 06 Mar 2009 19:49:00 +0000

[...] discusses home owners whose homes are worth less than their mortgage and remind people that a home is more than an investment [...]

By: Michael James

Michael James — Fri, 06 Mar 2009 11:16:05 +0000

Thanks for the mention. It’s hard to go wrong quoting Buffett.