Do you have the assets to pay for your liabilities?
No. I am not talking about your home with mortgage.
No. I am not talking about your hire-purchase vehicle either.
As most people understand, the mortgage of their home is the liability. You owe the bank money. In return, you need to charge your house title to the bank as collateral. So you think you actually have an asset to pay for your liability. You think your actual home is the "asset", that when you can't afford the installment, it can pay off your mortgage by being auctioned to third parties. You ...


