D
dar82
Guest
Hi,
I have been offered Broadfield hall.
Market Value €359k
Clawback at 51.6%
My mortgage will be €170k
What will happen if the Market Value drops to say €259k (€100kdrop)
after 10 years and I want to sell
Say I sell for the €259k after 10 years.
My mortgage will now be reduced after 10 years of payments.
Say my mortgage repayable to the bank in 10 years time is now €130 k down from the original €170k after 10 years of payments.
Do I walk away with the €40k (€170k - 130k) or nothing ?
Will it be the equivalent of renting for 10 years ?
I have been offered Broadfield hall.
Market Value €359k
Clawback at 51.6%
My mortgage will be €170k
What will happen if the Market Value drops to say €259k (€100kdrop)
after 10 years and I want to sell
Say I sell for the €259k after 10 years.
My mortgage will now be reduced after 10 years of payments.
Say my mortgage repayable to the bank in 10 years time is now €130 k down from the original €170k after 10 years of payments.
Do I walk away with the €40k (€170k - 130k) or nothing ?
Will it be the equivalent of renting for 10 years ?