When you’re concerned with the consequences from failing to pay your own college loans and are also wanting to know in the event that a lender takes your own house because of this, the newest quick response is sure. Although not, that it outcome is unlikely, and it takes a long time to make it to that time. The a lot of time answer is so much more nuanced.
Out-of Overlooked Money so you’re able to Delinquency to help you Default
Before you get right to the section where any property is at exposure, you have to standard in your financing.