Quote:
Originally Posted by Oblivian
I don't know the poster at all and I wasn't attacking him in any way. He posted "you will need 20% down plus good credit". I didn't know that meant "you won't need 20% down and you won't need good credit". Again, I pointed examples where that 20% isn't necessary and good credit isn't necessary either.
I was saying I can pull files related to the below post. You were doubting what I was saying so I was giving you details. You are the one that keeps harping on owning a brokerage. The topic isn't if banks are lending. I never said they weren't and was never in a discussion if they were or not. The topic I was discussing was down payments and credit standards. I did indeed acknowledge that it is getting tougher, but it's getting tougher with a starting point at RIDICULOUSLY low standards. YOU CAN STILL GET A LOAN IF YOU HAVE HAD A BANKRUPTCY, JUDGMENTS, AND A LOW CREDIT SCORE! So you can't say there are "tight" standards.
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Ok man. I understand. Lending guidelines are not tight. People with bankruptcies, judgments and low credit scores can get loans. No problem. Gotcha.
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People look at me and say, "What are you talking about, Joe? You're telling me we've got to go spend money to keep from going bankrupt?" The answer is "Yes,"I'm tellin' ya.
- Joe Biden
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