Re: Down payment

Posted by NJD on November 16, 2008 at 06:22:54:

In Reply to: Down payment
Posted by Artur on November 15, 2008 at 17:50:46:

To transform equity into cash, you would need to sell, or refinance. If you no longer have the means to pay the mortgage loan due to unemployment... a refinance is not likely. That leave you the option of selling the home to salvage the equity.