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
.
.
.
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!
freakazoid /
npub1pj…fhmka
2024-11-04 16:10:31
in reply to nevent1q…lh0e
Author Public Key
npub1pj2gvufuzuqlf7mm9hp8g3lwkf07x6fzzp00nsc3d02qywc6asqqtfhmkaPublished at
2024-11-04 16:10:31Event JSON
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"content": "do you really think the RISK of defaulting a loan (ANY loan) is the same for:\n\nPerson 1: paid 20% collateral\n\nPerson 2: paid NOTHING as collateral\n\n\n.\n.\n.\nThink again...\n.\n.\n.\n\n\nSorry to burst your bubble on the \"patrol of the truth\" my dude, but *you* are misinformed.\n\n\nPutting collateral or not, factors-in A LOT during the underwritting process (you know they have underwritters signing-off before releasing the loans, right?).\n\n\nAgain: 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!",
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