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When you default, bank keeps the home which is now 500K and the bank still owes 1 million to the home seller.
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Each year this budget is revised due to changes in living expenses, books, supplies, and other miscellaneous expenses.
Interest rates on variable rate loans are capped at 14.
Although the surveys were small and may not have been representative, both found that banks continue to make personal loans.
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07 November 2015
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31 May 2016
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