You know what would be terrible? Terrible in a sort of dystopian, capitalism-run-amok sort of way? Imagine buying a brand-new, fancy, premium-grade car. From an automaker with a respected name. Like, say, BMW. This is a machine with some status! Let’s say it costs, oh, $61,500, and you’re paying, what, about $1300 a month? Something […]
That’s not how mortgages work. You own the house, the bank owns the loan.
Semantics. Try not making a couple of mortgage payments and you’ll find out very quickly who actually owns that house.