By: Tim

Tim — Wed, 04 Nov 2009 16:07:42 +0000

Now, how exactly does this work. Is the insurance that your house won’t lose value, or that you won’t sell it and still own money on the mortgage?

i.e. If I buy a $150,000 house, put $30,000 down and sell it for $140,000 two years later, will the bank give me the extra $10,000?

If so I think the 1-2% charge isn’t that bad of an idea.

Comments on: Price protection for home sellers?