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#1: that is rather private, but they are comparable. The tax bracket thresholds only change by about 40%, where as to be fair it should
double (2 people can mean twice the earning potential)
#6: Look up the word 'trust'. Geez, even my dog has one.
#7: I don't recall exactly, (since it doesn't apply to me), but I think a spouse is guaranteed at least 1/3 of the estate..
I have seen so many pre-nups overridden, they aren't worth the paper they are written on.
I was speaking strictly from a risk perspective of a lender
The argument still applies, because if lack of skin in the game makes the borrower less motivated to honor the obligation, that also puts the lender at risk, especially if the home goes down in value (or even remains the same, once RE commissions and foreclosure costs are accounted for).
The argument still applies, because if lack of skin in the game makes the borrower less motivated to honor the obligation, that also puts the lender at risk, especially if the home goes down in value (or even remains the same, once RE commissions and foreclosure costs are accounted for).
The lender has the 20% initial equity to mitigate the risk plus any payments made along the way not only go to the bank but should, in most cases reduce the princ and further insulate from risk of loss
The lender has the 20% initial equity to mitigate the risk plus any payments made along the way not only go to the bank but should, in most cases reduce the princ and further insulate from risk of loss
Good point. The lender shouldn't take a big hit, at least in most areas the way prices are today.
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