reply on: Rant: If you think 50 year mortgages is debt slavery, you don't understand money \ stacker news ~econ

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30 sats \ 1 reply \ @0xbitcoiner 12 Nov \ on: Rant: If you think 50 year mortgages is debt slavery, you don't understand money econ

What happens if someone dies before they finish paying off the loan?

44 sats \ 0 replies \ @SimpleStacker OP 12 Nov

Under normal circumstances the heirs of the property will also assume responsibility for the loan. If they don't want to make payments they'll typically sell the property and pay off the loan.