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see this English text
interest-only mortgageloans are bad for Americans and should be made illegal.These mortgages require a borrower to pay only the interest on the loan.Owners won’t accumulate equity based on the increasing value of their house.
>>owners won’t accumulate equity based on the increasing value of their house.
what this means 'increasing value of their house'? I'm not clear here.
..not getting the concept in this line Owners won’t accumulate equity based on the increasing value of their house.
any native english speaker ? or someone knows better english ?
interest-only mortgageloans are bad for Americans and should be made illegal.These mortgages require a borrower to pay only the interest on the loan.Owners won’t accumulate equity based on the increasing value of their house.
>>owners won’t accumulate equity based on the increasing value of their house.
what this means 'increasing value of their house'? I'm not clear here.
..not getting the concept in this line Owners won’t accumulate equity based on the increasing value of their house.
any native english speaker ? or someone knows better english ?