Ask about mortgage insurance information
In: Mortgage8 Apr 2010
If my home is underwater by 100K for example, it’s unlikely my kids would want it – and a burden I would not want for them. If I had 100K in the bank willed to them, would that have to pay off the mortgage difference before my kids? I’m thinking it would: all my estate assets would have to make good on my home debt first. Would this be correct?
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