need to understand how finance calculation work

lj2654 wrote:
Well many of us are upside down on home mortgages because of the bank and mortgage companies greediness a few years ago. I have lived in my home for 12 years and am still upside down and will never have equity in it.

If you financed more than your home is worth how is that the fault of anyone other than yourself? If prices fell, that is not the fault of a bank or lending institution, much more likely the buyers got caught up in a buying frenzy thinking home values will climb forever and failed to realize that home values can move down as well as up. That is their own fault. I have yet to see any example where a lender held a gun to the borrower's head.