Digital currency - mortgage terms Can currency terms of mortgages be changed? Thoughts?
🧐 Research Wanted 🤔
If the banks switch to digital currency (or any other) is your mortgage then null and void? Legally can they change the terms of currency? Can they change terms of mortgage?
There maybe small print I’m unaware of, but I think you payback in the currency you borrowed. I had friends you owned a small apartment in Moscow, and after the Soviet Union fell apart, inflation made their mortgage payment insanely cheap because it remained the same. I’m not certain about the digital currency issue. It’s never happened before.