If the home was reaffirmed, the borrower agrees they owe the balance and must make payments on the balance moving forward.

When it becomes off balanced and rattles it gets too loud.Some of the really expensive fans are ultra quite but not used except for higher end homes.

I try to take some perspectives on the balance of leverage, ROE, and risk - and quite a few questions about identifying how and when (if possible to predict!?)

A Mortgagee is only entitled to the balance due based on the mortgage/deed of trust and note.

If the property is decent, we've usually gotten say 5 -10 year with 30 year amortization.You can do all the research you want, but don't know where the Treasury will be in 5 years.4.5% is a solid rate, especially for the loan amount, but again, it's finding a balance between rate and term/amortization.Step Down Pre-pay is normal.

So it seems all you will have to do is pay down the mortgage balance a little bit and you are fine to sell the property free and clear.  

A potential difference over here is that virtually all banks have pre-payment penalties built into the loan contracts - so taking out a 20 year loan and selling after 10 years could cost you quite a bit of money in interest penalty to the bank, depending on how market rates have moved over the course of the 10 years.The 10 year ARM is of interest to some investors, because if you hold an investment property for at least 10 years, all profits upon sale are tax free...Other than that, I would see a lot of similarities to the US - lots of paperwork, closer scrutiny in the days right after the financial "collapse" a few years back, now balanced by the dynamic of low interest rates...Any specific aspects you are interested in?

Accumulating debt and assets is like a balanced shopping cart at the grocery store.  

According to bankrate.com at 6% that would leave a balance of around $71,386, so he seems to be legit?

She had no clue and I told her we would make up the back payments, stop the foreclosure and buy the property for the loan balance.