still have a mortgage on my home, worried about loosing it if the dollar collapses
Hello Terry, should we be worried about loosing our home if it’s not paid off yet and the dollar collapses?
Terry Says
One thing has nothing to do with the other! The dollar only “collapses” versus other currencies. Your debt is in dollars. You pay your mortgage in dollars. The value of the dollar against other currencies has no bearing on your mortgage debt.
And a “collapsing” dollar would result in higher interest rates. So if your mortgage is locked in at a low rate, it’s even more advantageous.