Assuming the home increases in price at the rate of 2% inflation per year non compounding (that's an ultra conservative estimate) we're talking about $2600 per year of price increases (*equity).

They would much rather do a workout then have  a big loss in a declining market.With local banks you are getting full recourse against you so they are less likely to budge when a property has problems.Non-recourse becomes a big deal for high net worth and ultra high net worth individuals.

I received a boastful email last week from a bank I use bragging about their 1.25% CDs!!!

Both of these towns boast great winter and summer activities, especially now that resort mountain biking has become a bigger deal for tourism. 

I would only recommend doing this if your market is ultra hot and appreciating like crazy.

New Haven is home to Yale which boasts one of the largest endowments of any university in the country.

I also have a day job a family 3 dogs, have run 19 full marathons and 2 ultras, have 5 LTRs that I self manage.

I paint the kitchen and bath ceilings in ultra hyde 440 in white, and the ceilings everywhere else in white ceiling paint.

., https://www.amazon.com/Archiol...for kitchens where I light it up like a surgery: I use 4-5 4" ultra thin integrated led "cans" where no j-box is needed; You can just reach up in the ceiling and plug in a new light if you do get a bad one (I have not yet).

I could retire the next day, then use the free time to invest the proceeds in real estate and pursue other passionsWith all the boasting of “I could beat that” and “I’d double $1MM to 2MM in a year. . .”