Today I asked a bank for a conventional mortgage and they said no

Re:Today I asked a bank for a conventional mortgage and they... by wdb on Tuesday April 12, 2022 @05:46AM (#31000503)

Nothing new? Even getting a mortgage in 90s and early 2000s was difficult when self-employment.

As an employee I am struggling to get a small mortgage (1/4) for a house abroad in my home country. Having more than half of the house price doesn't matter :(

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Re:Today I asked a bank for a conventional mortgage and they... by acomjean on Tuesday April 12, 2022 @08:28AM (#31001681)

It’s kinda new. In the late 1990s after quitting my job I got a mortgage. They had all types (my favorite offer was one where you just paid back interest for 30 years and at the end owed the whole principal again). But back then as long as you put 20% down you were ok.

Then we had a mortgage crisis where too many people were defaulting…

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