if you put $$ down in a house, the bank got you nb the balls
most cosumers think to put as much $$$ down as they can into a house for the long run.... well in today situtation, if you lost your job or anything- you lose your house too.... now knowing that, its best if you only had a very little $$ in the house, you can walk away and not lose much..... and remember you can always paydown the principle anytime...
a business man would hold as much cash as he can for a rainy day.
|