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Debt is bad, don't sugar coat it.
Unless your house is paid for (like mine) you miss several payments and that house you pumped untold thousands upon thousands of dollars is gone and you are left with a U-Haul full of stuff.
Mortgage means something to the effect of "life time debt".
See if you a 30 year mortgage is worth it do the math. Chances are at loan maturity even with 6% interest over 30 years you are paying for the sale price twice, if you don't ever refinance.
Plus an extra $100 for the national flood insurance scam if you live in a declared flood zone.
Then you sell it you might break even. If you cash out the government takes half of any amount you don't put it into another house with in I believe 3 to 6 months.
The current system is not designed for the benefit the debt holder in any way.
The only entities benefiting are the government and the banks.
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1984 chevy suburban, custom made 6.5L diesel turbocharged with a Garrett T76 and Holset HE351VE, 22:1 compression 13psi of intercooled boost.
1989 firebird mostly stock. Aside from the 6-speed manual trans, corvette gen 5 front brakes, 1LE drive shaft, 4th Gen disc brake fbody rear end.
2011 leaf SL, white, portable 240v CHAdeMO, trailer hitch, new batt as of 2014.
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