You do not want to reach the end of your loan term with the house worth the same as when you purchased it. In that situation, you have not gained any equity and you still owe the same amount in principal you borrowed.
More Quotes from Ken Ludwig:
They are good for people with incomes that fluctuate, like those who work on commission,Ken Ludwig
The awareness is out there, but it is a smaller portion of our business. It is a good option. But I do not see it taking off and becoming a larger portion of our business.
Ken Ludwig
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