Quote:
Originally Posted by GP_Matt
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?
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I don't think so. Of course that kind of margin call happens all the time in the stock market, but it would be a rarity (if ever) on residential mortgages.