I spotted this entertaining graphic on the NZ Home Loans website. If you understand mortgages, you’ll know the bank doesn’t own ANY of your home (as owner, you merely offer the property as security to the lender for your loan) but it can be good to have a sense of consciousness of your outstanding debt. It may help motivate you to pay it off, if that seems like a good idea to you.
Still, I like the imagery, especially the skeletal chairman and the grizzled old geezer holding up a banknote to the light. Amusing. Clichéd, unfair even, but amusing.
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