If prices dropped so my loan was 100% or 110% of the value, I’d try to get back to a reasonable level (85% say) as quickly as possible. This would require saving more and spending less than I’d otherwise do.
Even if I have no plans on selling, you never know when you might be forced to sell (death, divorce, illness, work, ...).
Even if I have no plans on selling, you never know when you might be forced to sell (death, divorce, illness, work, ...).