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Dec 18, 2022

Thanks for your comment. I confess I had to run your scenario through a mortgage calculator. Without appreciation, you'd drop below 80% LTV sometimes in year 8, and under 78% in year 9. Certainly, positive appreciation will help make that sooner. However, drops in home values like those we're seeing now will make it take potentially far longer.

Opher Ganel
Opher Ganel

Written by Opher Ganel

Consultant | systems engineer | physicist | writer | avid reader | amateur photographer. I write about personal finance from an often contrarian point of view.

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