Comments on: Banks Are Tightening Up On Extending Credit http://www.moneycrashers.com/banks-are-tightening-up-on-extending-credit/?utm_source=rss&utm_medium=rss&utm_campaign=banks-are-tightening-up-on-extending-credit personal finance blog Sat, 21 Nov 2009 04:07:50 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Jake http://www.moneycrashers.com/banks-are-tightening-up-on-extending-credit/comment-page-1/#comment-6177 Jake Sat, 27 Sep 2008 23:57:29 +0000 http://www.moneycrashers.com/?p=654#comment-6177 I think it's a good thing. If you're able to put 20% down and can reasonable afford to pay the mortgage you are requesting I do not think it will be a problem to obtain a mortgage. If you've already proven that you should not be loaned money then it will be more difficult. This is how it should be - we as individuals and the banks dropped the ball and created a huge mess that we're all going to start paying for. if everyone played by the unwritten rules this "crisis" would of never happened. I think it’s a good thing. If you’re able to put 20% down and can reasonable afford to pay the mortgage you are requesting I do not think it will be a problem to obtain a mortgage. If you’ve already proven that you should not be loaned money then it will be more difficult.

This is how it should be – we as individuals and the banks dropped the ball and created a huge mess that we’re all going to start paying for. if everyone played by the unwritten rules this “crisis” would of never happened.

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