why are you considered a homeowner when you still have a mortgage?
In: Other
1. Banks are financial institutions and do not live in houses.
2. People can buy things using bank loans.
3. When a person is the owner of some thing they are free to use it and are liable for what happens with it.
4. A person can be a “home owner” by purchasing a house using a loan. See 1,2,3.
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