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1. Embed this notice
   cool_boy_mew (coolboymew@shitposter.club)'s status on Friday, 28-Jul-2023 00:48:01 JST cool_boy_mew

   • francisscottkey
   @francisscottkey also eliminate/heavily revamps credit scores. As far as I know, credit scores are not "how much likely you're going to repay the loan", it's "how profitable you are to the bank" which is awful. In Canada, got talks with friends where banks might not loan you a low amount for a house, even if you do have the cash, because it's not profitable enough for them. Scumbags
   • Embed this notice
     bane (bane/post) (bane@www.banepo.st)'s status on Friday, 28-Jul-2023 09:40:46 JST bane (bane/post)

     in reply to

     • francisscottkey
     @francisscottkey @coolboymew @francisscottkey It's not "might not loan (give a mortgage)", they won't. Under 100k and you will have a hard time getting one. Under 50k will be very, very difficult to find a lender that won't charge 18%+ interest. I know someone who was forced to buy his house with cash because no broker would give him a $90k loan. In fact, most lenders have minimums at $150k and $200k.
     cool_boy_mew likes this.
   • Embed this notice
     cool_boy_mew (coolboymew@shitposter.club)'s status on Friday, 28-Jul-2023 09:41:06 JST cool_boy_mew

     in reply to

     • francisscottkey
     • bane (bane/post)
     @bane @francisscottkey that's fucking bullshit honestly