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I think an insolvent renter is probably a smaller risk than an insolvent loanee, at least with certain assumptions. I'm not defending it, and have no backgroun
by recursive 2y ago
I think an insolvent renter is probably a smaller risk than an insolvent loanee, at least with certain assumptions. I'm not defending it, and have no background in it, but it seems possible.
- dawnbreez 2y agoBut we're not talking about an insolvent renter, we're talking about a renter who's making their payments. A renter who makes payments every month at 2500 can, and regularly is, not approved for a mortgage at 2000 a month, even though--based on the payment history--the renter would not only be able to make those payments, the mortgage payment would be easier for them to make--and therefore less risky--than the rent payment.