Quote:
Originally Posted by RPKESQ
Home ownership is not when you have a mortage. You are in reality, just "renting to own".
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False. In reality,
I own the home, and have given a mortgage to a lender as collateral for a loan.
Quote:
Originally Posted by RPKESQ
Borrowing on any "equity" on something you don't really own is the height of stupidity from a financial POV.
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This needs explaining.