Aren't you on the hook for those operational expenses? The bank only loses if yo... | Hacker News

Hacker News new | past | comments | ask | show | jobs | submit

login

vkou on Nov 10, 2021 | parent | context | favorite | on: Used car market gets even more bizarre

Aren't you on the hook for those operational expenses?

The bank only loses if you default early in your loan, and the price of the collateral collapses.

ls612 on Nov 11, 2021 [–]

The way this is set up if the first happens the second was likely the cause.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact