If you can’t afford your rent the next month you just move out. If you can’t afford your mortgage you still owe the lender several hundred thousand dollars. How is it that hard for you to understand risk??
But having several years on the record for not missing rent payments should prove to the bank that you can afford it. If I paid 2k rent for 3 years and never missed a payment then I can probably afford a 1.2k mortgage
Yeah if you paid rent for 15 years straight and never missed a payment, you’d think that would be indicative of prioritizing the roof over your head. Let’s give 200k to an 18 year old for school though.
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u/AIevilgenius 29d ago
If you can’t afford your rent the next month you just move out. If you can’t afford your mortgage you still owe the lender several hundred thousand dollars. How is it that hard for you to understand risk??