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/biz/ - Business & Finance

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52670379 No.52670379 [Reply] [Original]

if I get a mortgage on a house and then the price plummets, will the bank lower my mortgage rate to compensate

>> No.52670405

>>52670379
yep! just take your zestimate to the bank and they'll change the loan on the spot

>> No.52670415

>>52670379
No sir, you signed something called an "agreement" where you agree to pay x amount for x years

>> No.52670434

>>52670379
The price is going down because rates are going up.

>> No.52670442

>>52670379
no
you are underwater
You are screwed

>> No.52670702

>>52670379
Yes
>>52670415
>>52670442
Don’t Listen to these retards

>> No.52671767

>>52670379
Ask for a price lock guarantee and the bank will have to honor it for the life of your loan

>> No.52671911

>>52670434
Poorfags still priced out. Not my problem lol

>> No.52673092
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52673092

The good news is you can simply not tell your tenants.

>> No.52673128
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52673128

>>52673092

>> No.52674636

>>52670379
No, you keep paying the same rate, unless your trigger point is hit, in which case you pay more.

>> No.52674707

>>52670379
No, they use a Trezor to lock in the price