As many pointed out this is pointless. One thing that would be amazing though is: to upgrade to a new house without changing your existing mortgage. This would be win-win for all parties.

As many pointed out this is pointless. One thing that would be amazing though is: to upgrade to a new house without changing your existing mortgage. This would be win-win for all parties. https://x.com/potus/status/1770906980342776175?s=46

Phantom wallet. Previously, Health at Apple, Growth at Uber.

Example: I have a 300k mortgage on my 400k house (the bank has a lien on this asset). I find a 450k house to buy and I have the extra $50k. I sell my 400k house, buy the new house with the $450k and the bank now has a lien on a better asset, the mortgage is still the same (300k).

This unlocks liquidity, more sellers, more buyers, banks own an upgraded asset on the mortgage in case of default, bank provides a bridge loan to close buy-sell, they make money on this + the bureaucracy of all this. Everybody wins, why didn’t we have this? Is there a flaw?