4 ms·
Actually at the moment you are probably in a lot better position than the bank - you have money which you are prepared to lend them at a very low rate of intere
by excuse-me 14y ago
Actually at the moment you are probably in a lot better position than the bank - you have money which you are prepared to lend them at a very low rate of interest.
Similarly when you take out a mortgage - your interest is paying their salaries. It's a service industry and the bank manager is your servant.
The only different these days is that you are probably in a much better financial state than the bank!
- joelrunyon 14y agoThey're only your servant if you actually take the loan. Up until then, it's still their money - and they get to do what they want with it. That's why it's hard to negotiate to start. Once they've given you the loan - it's a different story.