Just an observation

In my business I come across the occasional individual that finds themselves nearing a foreclosure situation. In my limited experience in this arena there have been a few commonalities. 100% financing that was made possible by an 80/20 loan. Where you take a out a loan for the 20% down payment and another for the remaining principal, in some circumstances paying interest only on one of the loans. The other commonality was that these loans were made by brokers, not banks, again just an observation. Is this a good idea? (The interest only part, no.) For the rest of it, it all depends on where you are going and how certain you feel you are going to get there. These few situations I learned of recently were all tied to some kind of life change. So if you are going to get a divorce, lose a job, have a job move you away, highly leveraged home ownership might not be right for you now.