View Single Post
Old 04-06-2015, 12:06 PM   #69
GP_Matt
First Line Centre
 
GP_Matt's Avatar
 
Join Date: Jun 2011
Location: Edmonton
Exp:
Default

Is there any history of the bank asking for more money if home prices drop.
ie. If someone has a $200k house with 5% down and the market drops 10% they are now underwater $10000. Can the bank require the extra $10000 at any time, when the mortgage is being renewed or ever?
GP_Matt is offline   Reply With Quote