To: MeneMeneTekelUpharsin
So when can I get a negative interest rate on a mortgage?
2 posted on
01/15/2015 6:41:41 PM PST by
central_va
(I won't be reconstructed and I do not give a damn.)
To: central_va
In a deflationary spiral the last thing you want to have is a mortgage.
10 posted on
01/15/2015 7:04:57 PM PST by
Alberta's Child
("It doesn't work for me. I gotta have more cowbell!")
To: central_va
So when can I get a negative interest rate on a mortgage? You can't. But you can have a severely depreciating house.
19 posted on
01/15/2015 7:15:40 PM PST by
steve86
(Prophecies of Maelmhaedhoc OÂ’Morgair (Latin form: Malachy))
To: central_va
There used to be negative amortization mortgages. You could pay on it for ten years and end up owing more than when you started. They were outlawed after the S&L crises in the early 90s.
It was a beeeatch. People couldn’t refinance ‘cause their homes didn’t appraise for what they owned on it.
32 posted on
01/15/2015 7:47:58 PM PST by
VerySadAmerican
(Obama voters are my enemy. And so are republican voters.)
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