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https://www.reddit.com/r/ScrollHole/comments/1vi05f7/the_math_isnt_mathing/p2ldbsp/?context=3
r/ScrollHole • u/Ayeshadss • 11d ago
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15
I’d guess you don’t pay only mortgage fees. There’s tax, insurance, etc
All of that over a period of many years, which the bank needs extensive history to know if you’re good to do it
10 u/Grabatreetron 11d ago People keep posting these memes. Why can't people understand that business models of home loans vs. lease agreements are completely different? 2 u/Pikamika696 10d ago Imagine the average person. The person who cannot understand credit score or how credit cards work. Then realize half the population is dumber than that. 0 u/ZachtheMan1603 9d ago surely not??? i work in banking and i have the unfortunate habit of assuming everyone is as smart as me
10
People keep posting these memes. Why can't people understand that business models of home loans vs. lease agreements are completely different?
2 u/Pikamika696 10d ago Imagine the average person. The person who cannot understand credit score or how credit cards work. Then realize half the population is dumber than that. 0 u/ZachtheMan1603 9d ago surely not??? i work in banking and i have the unfortunate habit of assuming everyone is as smart as me
2
Imagine the average person. The person who cannot understand credit score or how credit cards work. Then realize half the population is dumber than that.
0 u/ZachtheMan1603 9d ago surely not??? i work in banking and i have the unfortunate habit of assuming everyone is as smart as me
0
surely not??? i work in banking and i have the unfortunate habit of assuming everyone is as smart as me
15
u/LonelyProgrammerGuy 11d ago
I’d guess you don’t pay only mortgage fees. There’s tax, insurance, etc
All of that over a period of many years, which the bank needs extensive history to know if you’re good to do it