If housing prices drop significantly — and we're overdue for a correction — things could end badly for homeowners with huge mortgages. (moneysense.ca)
If you leave huge mortgage loan balance behind for your family without any insurance to cover the payments, you may be exposing your family to the risk of foreclosure. (myfinancekits.com)
However, not all borrowers in these areas have huge mortgages so the program will surely help some with toxic mortgages. (fhaloanpros.com)