It was that bad for a short while, but plenty of people had to re-mortgage during that short while and they got burned real hard. But due to borrowing limitations no one became homeless. That’s the point of them. I know it doesn’t feel fair, but I saw myself all that happening and I’m happy that banks don’t trust people anymore - it’s better that way for everyone involved.
It was that bad for a short while, but plenty of people had to re-mortgage during that short while and they got burned real hard. But due to borrowing limitations no one became homeless. That’s the point of them. I know it doesn’t feel fair, but I saw myself all that happening and I’m happy that banks don’t trust people anymore - it’s better that way for everyone involved.