freakazoid on Nostr: do you really think the RISK of defaulting a loan (ANY loan) is the same for: Person ...
do you really think the RISK of defaulting a loan (ANY loan) is the same for:
Person 1: paid 20% collateral
Person 2: paid NOTHING as collateral
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Think again...
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Sorry to burst your bubble on the "patrol of the truth" my dude, but *you* are misinformed.
Putting collateral or not, factors-in A LOT during the underwritting process (you know they have underwritters signing-off before releasing the loans, right?).
Again: it's ok to not being aware of this if you've never went to this process. Now ignoring this fact just to prove a point in a conversation with another anon it's another completely different thing. Have a great day!
Person 1: paid 20% collateral
Person 2: paid NOTHING as collateral
.
.
.
Think again...
.
.
.
Sorry to burst your bubble on the "patrol of the truth" my dude, but *you* are misinformed.
Putting collateral or not, factors-in A LOT during the underwritting process (you know they have underwritters signing-off before releasing the loans, right?).
Again: it's ok to not being aware of this if you've never went to this process. Now ignoring this fact just to prove a point in a conversation with another anon it's another completely different thing. Have a great day!