Banks Don’t Think Losing Your House Is Enough

When you take out a mortgage on a home, you are assuming risk. What if something happens so that you can’t pay back the home loan? You could then lose the house. All the money you “put in” the house will be gone. But you aren’t the only one assuming risk. The bank is also taking a chance since they are hoping to make money off you. At least that used to be true. In this century banks began selling the loans rather than keeping them as their own investments. The point that this was all Read more […]