Considering I have a very good credit score and a full time job but the banks wouldn’t lend me that much regardless if I could find a shack for that little, yea, sounds like privilege to a lot of us out here.
You can have the best credit score ever, if you’re working minimum wage then you can’t expect to get a loan. I bought the condo with 10k down making about 40k/year to give you an idea…
Sounds like you don’t earn very much money at your full time job if they’ve determined that you can’t make the repayments on a $135k loan.
Banks are in the money making business, and mortgages are their biggest earners. If they won’t give you a mortgage it’s because you can’t afford to repay it.
Considering I have a very good credit score and a full time job but the banks wouldn’t lend me that much regardless if I could find a shack for that little, yea, sounds like privilege to a lot of us out here.
You can have the best credit score ever, if you’re working minimum wage then you can’t expect to get a loan. I bought the condo with 10k down making about 40k/year to give you an idea…
Sounds like you don’t earn very much money at your full time job if they’ve determined that you can’t make the repayments on a $135k loan.
Banks are in the money making business, and mortgages are their biggest earners. If they won’t give you a mortgage it’s because you can’t afford to repay it.