“Can you explain what you mean by market tanks? RE market or saving market? How is that any different than someone putting 20% down and lost all the down $ and more but you’re not selling and can afford the payment comfortably.”

“Market tanks “is related to real estate, savings market stays there MAYBE, but since your house lost equity and the debt still includes those 400K Your money is gone and you are now holding the banks money in your savings.You lose your job and have to use the “savings” and you are spending other peoples money and are in trouble.

Is it any different than losing your down payment?
Losing your down payment is burning the candle at one end. Losing equity and spending “other peoples” money in an emergency is burning the candle from both ends.And if the savings market does “tank “get crisis counseling fast.I hope that makes sense? I too am getting fatigued on this one! No offense.