|
Another thought struck me. When you sign those mortgage papers, one of those papers has this horrendous page that tells you how much you will pay for that house (with the interest all included) over the 30 years of your mortgage. That figure is usually around 3-4 times the purchase price of the home. For someone who has been paying their mortgage regularly for 20 years and then lose their home, they've paid for that house twice already, honestly. The bank takes the whole house back and they are left with nothing at all. There's something that doesn't seem quite right about that either. However, that's the risk we all take when we get a mortgage and we know that. It's still pretty awful to experience though.
|
Threaded Mode
