freakazoid on Nostr: which part of the banking not pocketing-in your collateral you don't get? if you had ...

which part of the banking not pocketing-in your collateral you don't get?

if you had a mortage you would know the collateral goes to the seller on the closing date

and the bank loans you the remaining 80% of the total sale price

collateral is made so you feel the obligation to pay off your debt even if you carry the loan until your death (and that's the plan)