Quote Originally Posted by Halebop View Post
So I'd "save" 10% on the small portion of loan paid off but would continue to pay 10% on the remainder, all while the underlying asset fell by 15%? Not really a compelling equation.
But its only a notional fall in value. The loss of value is only realised if you are forced to make a distressed sale. If your’ not selling you aren’t loosing any value. What I would suggest you are loosing though, is an ability to leverage your equity into other areas – but this is different from loosing value.