LogFAQs > #967667774

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Topic	Housing market is fucked even worse than most of you realize (anecdotal)
Dan_Haren- 08/30/22 12:46:15 AM #14:	It's a capitalist system. There's so much demand, from a banks perspective, why give a 650 credit score guy a loan when you can easily find a 750 credit score guy to give a loan to. There's so many people with alot of money and good credit that they don't need to stretch lower. That's why you need to find riskier lenders online who will probably require higher rates to accommodate the "risk". <cite>Dan_Haren- posted [p:967667774] in Housing ma... [t:80147253]...</cite> <quote>It's a capitalist system. There's so much demand, from a banks perspective, why give a 650 credit score guy a loan when you can easily find a 750 credit score guy to give a loan to. There's so many people with alot of money and good credit that they don't need to stretch lower. That's why you need to find riskier lenders online who will probably require higher rates to accommodate the "risk".</quote> ... Copied to Clipboard!
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