So the lender gets to keep any increase in the value of the property? Can the people who pay the mortgage borrow against the equity? I think that would be a difficult thing to do if you didn't own the home. The average American household has 57% equity in their home. Are you saying that this wealth doesn't belong to them?
Can you knock down a wall and add rooms without the bank's or the town's permission? Could you make the home smaller if you thought the heating bills were too high?
The average American household has 57% equity in their home. Are you saying that this wealth doesn't belong to them?
Have a major sickness in the family that causes the loss of the house due to forclosure. See what amount of that equity you get.