What happens to a mortgage if the economy collapses?

It is your ability to pay the Mortgage payments that have a bearing not what a currency does,as long as you can meet your obligation you should be ok,what may change is the value of your property,as long as you meet the payments and ride out the storm you should do ok.housing is in shortage in the UK but for now purchasers are few,but in time that will change.We have been there before.

The collapse of an economy has no legal bearing on your obligation to the bank. Actually, if the currency loses value, that actually makes your house CHEAPER since you are paying with inflated dollars.

Losing currency value wouldn't have immediate impact on mortgage

As long as people are working, earning, they can pay

The mortgage amount they pay would be fixed *unless they still have an adjustable rate mortgage)

So even if inflation becomes big issue, they could pay their mortgage

Collapse is a political, pejorative term. . . .what economic problem are you foreseeing?

You would still owe it. The home would lose value, but the mortgage wouldn't end.

Nothing happens to your mortgage at all. You still need to pay it each month.

economies do not collapse, but politicians get great news press.

a debt is a debt on a mortgage

Define " collapse"?

You owe a lender. You pay as long as you can. There will always be someone to collect.

no person takes away your domicile if the private loan is paid. the domicile purely gets taken away in case you provide up paying the private loan. it incredibly is not the government that takes the domicile away, it incredibly is the private loan lender.

If you still have your job, you keep paying.