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Mortgages as unsecured debt

Started by sjtmd
about 16 years ago
Posts: 670
Member since: May 2009
Discussion about
Recent events would seem to indicate that a mortgage has essentially devolved into non collateralized, unsecured debt. What would the interest rate be for such a loan? Minimum percent down payment? Should such the interest and points on such loans continue to merit tax deductible status? Should so called "home equity" (that's an interesting concept) be included in such a realignment? And finally, what would the impact be on the RE market?
Response by columbiacounty
about 16 years ago
Posts: 12708
Member since: Jan 2009

seems like you're jumping from one conclusion to another. clearly, upping down payment requirement changes this completely.

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