I got a question.
i bought a unit at about 1.5 million at 80% loan. loan = 1.2 million
if the valuation of the unit declines by 10% to 1.35 million and the bank revalues the property and cap the loan at 80% ie 1.080 million.
does it mean that i have to pay 120k cash to the bank immediately? (1.2 million -1.08 million)??