Quote:
Originally Posted by polak
There's plenty of ways for some one to have 500k without saving it.
Regardless, I still don't see how only having 12,500 makes me any more of a risk though? Saving is just a matter of time. Plenty of people out there like me who are in a position to buy but don't have the option to wait another year or two without needlessly throwing away money on rent.
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because if you default on your payments, they get 500k to cover their losses instead of 12,500.
...I don't understand why this is so complicated.