Re: Mortgage brokers
@'s water music
Rather short sighted. My credit rating took a bit of a hammering several years ago and is still recovering (6 month looking for work and your credit rating would also look like a pay day lender's wet dream unless you're fortunate enough to have a small inheritance to fall back on). However I do earn enough to be more than capable to repay a mortgage (which I do).
Subprime lending in the USA however was a totally different ball game that involved lending to people who they knew were unable to make repayments.
Biting the hand that feeds IT
