@mommdc correct, the equity can be greatly reduced when property is sold (esp. with long holding period)… As @PrimeMeridian said yesterday, colleges assume one will take loan out against property to minimize hit on equity…
@mommdc correct, the equity can be greatly reduced when property is sold (esp. with long holding period)… As @PrimeMeridian said yesterday, colleges assume one will take loan out against property to minimize hit on equity…