News for hackers. Stuff that matters.

A comment on Couples are taking out loans to pay for their weddings. Parent comment

Re:Couples are taking out loans to pay for their weddings by brightball on Thursday June 20, 2019 @10:03AM (#20233015)
Because the poster said they took out a $150,000 loan for a wedding.

If they borrowed it against an asset, fine...but no bank is going to approve a loan for that amount for “a wedding”.

The main point I was getting at was that the scenario isn’t likely to be a pattern among people.

[ Parent | on HN ]
Re:Couples are taking out loans to pay for their weddings by pwinnski on Thursday June 20, 2019 @04:25PM (#20236970)
If I took out a home equity loan in order to do X, I would say that I borrowed money for X, not that I borrowed money for X using a home equity loan.

Taking out a $150,000 loan for a wedding describes the purpose of the loan, not the collateral.

[ Parent | on HN ]