*** For many, the financial trouble will be traceable to a mortgage they should never have been given.***
Should say “a mortgage they should never have applied for.”
>>*** For many, the financial trouble will be traceable to a mortgage they should never have been given.***
Should say “a mortgage they should never have applied for.”<<
I don’t feel bad about applying for a first mortgage that it turned out I couldn’t afford. As a first time buyer it wasn’t clear how much monthly payments would actually be than the number my calculator gave me - there are a lot of extras.
So we didn’t take that mortgage, we waited another year, fine tuned our credit rating, saved a bit more money and shopped smarted for a mortgage the next year.
I don’t think that’s too much to expect... but I have to say it really surprised the guy pushing the first mortgage.