Sure, you make the monthly mortgage payments, but what about when you sell the house? How much do you really owe? Or if you miss a payment, what are you supposed to pay? And, God forbid, if you had to file for bankruptcy, what would it cost to get current on your mortgage? If you don’t know, but you assume your mortgage company will send you an accurate bill, the lead story in today’s New York Times might make you think again.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1250672