[Patrick del Poker Grande]

[ QUOTE ]
[ QUOTE ]
As of right now, the bank owns my home more than I do. At the current rate, I'll own it in full in about 28.5 years.

[/ QUOTE ]

Not to be a nit (okay, I'm being a nit), but you do actually own your house - the whole thing. The bank has a lien on it - meaning that they you are obligated to give them what you owe if you sell it (and they may be able to stop you from doing certain things to it that might wreck its value).

If the bank actually owned part of it, then they would take a share of the profit if it goes up in value. They don't, though - you could sell the house for 1000% of what you paid, and you only have to pay off the remainder of the mortgage - all the rest of the profit is yours.

[/ QUOTE ]
Alright, good. Let me revise my statement, then.

I own my house and the bank has a lien on a significant portion of its value. I intend to sell it for 1000% of its current value in about 5 to 10 years, at which time I will pay the bank only what remains to be paid off from our agreement 1.5 years ago (and I'll be a multi-millionaire). Well... we'll see about the 1000% part.