Hi everyone, I'm Magnifier. Let's focus on social issues together.
Nowadays, many people take out loans to buy houses but do not have the conditions to repay monthly payments. Some wives scattered, and some jumped off the building for a hundred. In my opinion, it is not necessary, in fact, it is not that the monthly payment does not have much impact, and there is no need to worry too much.
Cut off the supply affects one, the bank sues you, sells your mortgaged house at a low price, if you are lucky, just pay off the loan, bad luck may be the house is gone, and you still owe the bank a little interest and liquidated damages. It doesn't matter, as long as you continue to work and earn money, sooner or later you can pay off your debts.
The impact of supply interruption is two, credit investigation problems. In fact, as long as you don't take a plane, don't take a train, don't take a loan, what does credit have to do with you? Just like the Asian financial crisis in '97, how many people's wealth has been wiped out, what does it have to do with farmers deep in the mountains? Therefore, credit investigation is actually something that scares people, what about poor credit reporting? What if there is no credit report? Go home from work every day, go home to work for 30 years, don't go anywhere, you don't need credit at all!
Summary: Life is only 30,000 days, don't overwhelm yourself for the so-called debt, banks dare to lend you money, they must bear the risk of not being able to collect the loan. Money and house are both things outside the body, and it doesn't matter if you have it better.