Your own equity is actually money your repaid for the lender, so they are in reality only financing their money back

Your own equity is actually money your repaid for the lender, so they are in reality only financing their money back

. . . I haven’t lent any money that will perhaps not in fact also need to borrow. Since there is no cost to get the borrowed funds we was in fact told to possess one and in case . . . «

Dave, the lenders like to promote the theory one to «you may be just using the currency», however in reality, youre borrowing from the bank money when you take your collateral. So it sales hype is when most people got under water on the crash out-of 2007. Leer Más