gauss
Thinks s/he gets paid by the post
- Joined
- Aug 17, 2011
- Messages
- 3,615
I was told by many banks that I would have been able to get a mortgage on our primary residence based on our assets, but not the second home. Seems absurd, since you're making the same payment no matter which home it's on, but that's the credit industry today.
Perhaps more personal pain is imparted to the average Joe in loosing his/her main home then an extra home?
If I had to default, all things being equal, I know which one I would default on.