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surface384
npub13mq…sxsw
2025-02-12 21:31:37
in reply to nevent1q…7p0z

surface384 on Nostr: if i got a mortgage for 800k usd and my house is suddenly worth 500k usd instead. the ...

if i got a mortgage for 800k usd and my house is suddenly worth 500k usd instead. the bank still charges as if its 800k bc thats how much i borrowed. if i want to pay less i cannot, if i want to sell the place and go somewhere else i will only get 500kusd for it so im stuck here unless i find 300k usd. not great for current homeowners
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npub13mqq292qyz6lzw4szet9w4suvman2az458xnhmcpzx2w0gp90h7q3hsxsw