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Debate House Prices
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Whats the crisis?
Comments
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That's what I was trying to point out.
There are these people who work in an environment where to meet targets and make commission they need to sell their product, they don't deal with the aftermath when the mortgage is in default.
I never did take that mortgage by the way.Some times all you need to get along is nothing at all.
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Glad to hear it
I think I misinterpreted where you said "kindly". 0 -
Remember, even if you hand the keys back, they can still chase you for the difference in sold price and what you owe them.Illegitimi non carborundum.0
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Glad to hear it I think I misinterpreted where you said "kindly".
Sorry I was being sarcastic.
I have a few friends who have had the same thing happen to them too, advisors offering to "help" by altering income to meet affordability.
One actually took the mortage and is in a mess.Some times all you need to get along is nothing at all.0 -
Glad to hear it I think I misinterpreted where you said "kindly".
Sorry I was being sarcastic.
I have a few friends who have had the same thing happen to them too, advisors offering to "help" by altering income to meet affordability.
One actually took the mortage and is in a mess.
The majority of the time when someone offers to 'help' a person borrowing a lot of money to buy something it's out of self interest - either a commission for the person facilitating the loan (falsifying info on the application) or to help the developer/builder shift the property (gifted bonus).
Inevitably, borrowing more than one can afford winds the borrower up in trouble. It's a simple concept to grasp but it seems to have eluded many people over the last few years.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0
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