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<< Integrity Moments with Rick Boxx

Integrity Moments - May 31, 2010

  • 2010 May 31


Walking Away 
by Rick Boxx
May 31, 2010

Defaulting on a home mortgage is understandable when a job is lost. According to a "60 Minutes" program, thousands are walking away from mortgages, even though they can afford to pay. According to a Morgan Stanley report, 12% of all home mortgage defaults are now by people who can afford the payments.

Many rationalize walking away, because it's better for them financially in the short term. This moral decay will eventually drive loan prices and taxes higher to cover for those who don't honor their commitments.

Psalm 37:21 teaches, "The wicked borrow and do not repay, but the righteous give generously."

Our financial system is built on trust. Whether it's your home or your business, if you contract with a lender to borrow money, honor your commitment and pay it back.

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