Quote:
Originally Posted by TheDoc
On the flip side, if you paid off 5% of your house (not just interest), do you get to take 5% back out, like the windows? Or if you replace the dishwasher because the one in the house went out, who's dishwasher is it?
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Well, as we all know... buying anything on credit is like gambling. There's certain unknowns... your health, your job, your business, the economy... these are all factors. But the bottom line is that the risk is all on you, not the bank.
If you paid off only 5%, you're screwed. If you tried to sell it, the commissions are going to absorb your equity if you tried to sell it yourself.