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Originally Posted by davidyan Thats strange that the bank wouldn't accept due to your lack of credit history alone given you have a good job and down payment. When I
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06-26-2009, 02:43 PM
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#10 (permalink) | |
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A True Z Fanatic
Join Date: May 2009
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Quote:
(added this after I read what I said.... This was not to sound mean just the way you can read it) That’s wrong. A House (Mortgage) is probably the EASIEST form of credit to get especially in Canada and even more before the credit "crunch" Reason = Mortgage is fully secured to an assets that will not depreciate but will increase in value. A bank is more guaranteed because the home value will not decrease 25% the first time its "driven" |
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