WarrenBuffet
Registered User
- Messages
- 173
Hi,
I bought my house close to the peak of the property bubble and got a 100% mortgage. Since then the value has decreased by up to 40% according to some sources.
Assuming i wanted to change my mortgage provider would i really have any options considering that the loan is proabably far higher than the value of the property, i.e. am i stuck with the mortgage i have? My partner and i are in very secure jobs but I am not sure where we would stand with regard to LTV.
WB
I bought my house close to the peak of the property bubble and got a 100% mortgage. Since then the value has decreased by up to 40% according to some sources.
Assuming i wanted to change my mortgage provider would i really have any options considering that the loan is proabably far higher than the value of the property, i.e. am i stuck with the mortgage i have? My partner and i are in very secure jobs but I am not sure where we would stand with regard to LTV.
WB