Quote:
Originally Posted by woj
It's up to the borrower to decide if they can afford a mortgage, it's certainly not a job of a bank to be a financial advisor... if the borrower fails to use good judgment, defaults on the loan, and as a result bank makes $$ on the deal, there is no one to blame but the foolish borrower...  |
isn't that call predatory lending? either way, it should be their job. it is here in canada. banks will take numbers from your income taxes along with debts and look at any past bad credit incidents and if the numbers don't make sense, you don't get a loan.